Cost-Saving-Toolbox

The toolbox that procurement teams have been waiting for: Our Cost Saving Toolbox constantly analyzes and interprets internal and external data sets to identify new potential and alert procurement organizations to any risks.

A pop-up window presenting a notification that a new cost saving potential has been found

Identify cost saving potentials

and risks in real time.

Automated Cost-Saving-Tools

Make full use of the tools in our software to generate your savings.

  • Dual- and Multiple Sourcing
  • Currency Clawback & Risk
  • LPP (Linear Pricing Performance)
  • Localization Opportunities
  • Raw Material Clawback & Risk
  • Energy Cost Clawback & Risk
  • Benchmark, Quote Comparison
  • Manufacturing Part Number Analysis
  • Cost Model Target Analysis
  • Payment Terms & Cash Flow Analysis
A screenshot of the savings initiative manager in the tool as well as possible levers represented by icons

User Notification

Our system proactively notifies users as soon as a new savings opportunity is identified. Each automatically identified initiative is fully calculated and visualized for the user. The result: a clear list of savings initiatives that you can use for the next supplier negotiation.

A pop-up window showing that a new cost saving initiative has been found

Saving Potentials and Risk Lists

Our system provides an overview of all potentials and risks in real time – whether at supplier, product group or part number level. This also enables you to immediately understand the effects on your procurement in the event of material price changes and to take appropriate measures.

A list of potential cost saving initiatives provided by the ivoflow software

Your Benefits

  • Complete control over dynamic markets and the resulting effects on your own procurement
  • Solid basis for procurement strategies and supplier negotiations
  • Support in the strategic planning of your purchasing goals
  • Automated market monitoring thanks to intelligent software
Oliver Casper, TROX
„I’ve been using the ivoflow platform for several months now and it has exceeded my expectations. The user-friendly interface, customizable dashboards and accurate data reporting have made analyzing our business performance a breeze. I highly recommend this tool to anyone looking for a reliable, efficient and moreover intelligent procurement analytics solution.“
Oliver Casper
Head of Purchasing, TROX GmbH
The ivoflow software on a screen.

Request a Demo now

Let our experts show you how ivoflow enables you to take your procurement to the next level.

Book Demo

Stay up to date

on procurement technology trends.

Participants of the ProcureTech Founders' Circle in London listening to the host.
Blog
October 15, 2024

ivoflow at the ProcureTech Founders' Circle in London

Twice a year, ProcureTech, the London-based provider of digital procurement management solutions, hosts its prestigious Founders' Circle. This event brings together founders, CEOs, B2B investors, and procurement leaders for a dynamic session focused on innovation, collaboration, and discussions around digital procurement. Through panel discussions and keynote addresses, participants share invaluable insights into digital innovation and the evolving landscape of procurement. ProcureTech ensures that some attendees are interviewed, offering deeper perspectives on digital procurement trends or hi

Blog
September 10, 2024

Programming with Elixir: Liam's job as a backend developer

Liam was one of the first software developers to join ivoflow. He gained experience in software development in a working student job after completing his studies at the University of Koblenz. In June 2021, he joined ivoflow as a backend expert for the “Elixir” software language. Elixir is a rather rare language in the field of software development. Liam found it all the more appealing to be able to work with it.

Blog
December 13, 2023

ivoflow named one of 100 pioneering digital procurement solutions

Announced at its annual PIONEERS event, ProcureTech revealed the 2023 ProcureTech100, this year's cohort of pioneering digital procurement solutions.

Want to know more

about our procurement solution?

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Let us show you how ivoflow can support your business. We are ready to showcase our procurement management system. Together we will find the perfect solution for your company. Feel free to give us a call or e-mail us today!

 Subscribe to our Newsletter!-