Whitepapers

Data Literacy in Procurement – A Key Driver of Strategic Business Success

Procurement is evolving rapidly. It’s no longer just about managing orders and prices – it’s about driving strategic value for the entire organization. The challenge? Many teams have plenty of data, but lack clarity, quality, and integration. Mastering data competence is the key to turning procurement into a hidden champion that anticipates risks, optimizes costs, and strengthens supplier relationships.

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Procurement Solution - Make or Buy

The use of digital solutions—especially AI—holds significant promise: from streamlined business processes to competitive advantages. Procurement teams, together with their counterparts, IT or even digital transformation departments, are therefore faced with a critical and complex question: should they build a solution in-house (Make) or purchase an external one (Buy)?

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10 Strategic Levers in Procurement

10 Strategic Levers in Procurement: How to reduce costs, minimize risks and create value. The global manufacturing industry is facing unprecedented challenges: geopolitical tensions, rising cost pressures, and declining demand have created a complex and volatile business landscape. In the midst of these uncertainties, procurement plays a crucial, yet often overlooked role. In this context, the 'hidden champion' holds substantial potential for cost savings—particularly through strategic management of material costs.

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Mock-up of a whitepaper on procurement maturity

Procurement Maturity Check 2025

To unlock the full potential of their procurement function, organizations must first assess their current stage of maturity—understanding where they stand and how effectively digital technologies are already being utilized. This evaluation is crucial to identify areas for improvement and optimize procurement efficiency. This whitepaper will guide you through a self-assessment to help you determine where your procurement stands today and how to unlock its full potential.

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Donald Trump Returns to the White House: Implications for Global Supply Chains

With Donald Trump's return to the presidency, reactions are mixed. While certain business figures have expressed enthusiasm, economists are more cautious. Reflecting on his previous "America First" policies, which disrupted international supply chains and trade dynamics, experts anticipate that this administration could bring immediate and significant impacts to the global economy.

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Case Study TROX

As part of its sustainability strategy, TROX GmbH assesses its core suppliers for climate neutrality and optimizes its metrics across all 33 subsidiaries. The challenge was not only to create data transparency across multiple locations within a single system but also to derive actionable recommendations based on this data. Learn how this is achieved with the help of ivoflow in our white paper.

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Cost Savings in Procurement

How can you leverage market influences like raw material prices and energy costs in procurement? And how can you take advantage of exchange rate fluctuations? Our whitepaper reveals 5 levers you can use for cost savings in procurement.

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Procurement Trends and more.

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Blog

December 12, 2025

How Santa Claus Would Use Spend Analytics

Who lives at the North Pole, runs a business with extreme seasonal peaks, and manages a highly complex supply chain? Right – Santa Claus! By the end of November, his one-man show is in full swing. Just imagine the number of purchase orders, suppliers, and logistics costs he has to handle, all while checking his naughty-and-nice list. We can only hope he implemented an ERP system some time ago. If we knew who Santa really was, we’d definitely slide – or rather sled – into his DMs, suggesting a spend analytics solution like ivoflow to optimize his procurement organization. Here’s why.

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Blog

December 5, 2024

Manufacturing Industry: Why Profit Lies in Procurement

The old saying "Profit lies in procurement" is well-known in the business world. Today, it seems more relevant than ever, and it sets high expectations for procurement organizations. In the manufacturing industry—whether in aerospace, electronics, or chemicals—material costs often account for over 50% of total costs. In the automotive industry, this figure can rise to over 70%. This shows that optimizing material costs not only boosts efficiency but also increases profitability. Procurement, therefore, holds significant potential for cost savings.

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Blog

November 18, 2024

BME Symposium Recap: Key Procurement Challenges and Solutions

Industry events like the Procurement & Logistics Symposium hosted by the Bundesverband für Materialwirtschaft und Einkauf are more than just an opportunity for companies to showcase their brand. They offer a valuable platform to connect with industry professionals, exchange ideas, and discuss shared challenges. Based on our experiences, we’ve identified several key procurement pain points and summarized how our solution addresses them effectively.

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