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.
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
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.
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.
10 Strategic Levers in Procurement
Reduce Costs. Minimize Risks. Create Value.
Dual- and Multiple Sourcing
How do you currently respond to short-term changes in demand? What dependencies exist with individual suppliers? Instead of complex queries in Excel or ERP systems, you can answer these questions with just a few clicks in our software. The dual and multiple sourcing feature helps diversify your suppliers and identify alternatives to secure your supply chains. This way, you cannot only minimize risks but also make price-optimized decisions for your procurement.
Currency Clawback & Risk
Do you already consider exchange rate fluctuations in your contracts? Do you calculate the impact of exchange rates on item level? Our tool allows you to keep track of exchange rate fluctuations. It supports you in hedging exchange rate risks in framework agreements with suppliers or in reclaiming currency gains from suppliers.
LPP (Linear Pricing Performance)
How often do you compare pricing trends across suppliers to identify potential alternatives with better rates? Our tool allows you to optimize and renegotiate linear prices based on quantities, economies of scale, and technical cost drivers. This way, you can also identify potential excessive price increases or unfair pricing practices.
Localization Opportunities
How reliant is your supply chain currently on foreign or distant suppliers? Is production in 'higher-cost' countries really cheaper? Rather than conducting extensive supplier research, our tool provides the answers. The tool shows you opportunities to reduce delivery, freight, and customs costs, as well as risks through local sourcing and shorter delivery routes.
Raw Material Clawback & Risk
Have you paid a price increase during a period when material prices have risen significantly? What percentage of the cost of these items is influenced by the market price? Instead of relying on expensive databases and manual work, our software allows you to answer these questions easily. It supports you in managing and recovering raw material costs while considering market price developments.
Energy Cost Clawback & Risk
How flexible are your current contracts in response to market changes? Do you have strategies in place to protect yourself against price fluctuations? Our tool provides comprehensive data to support you identify energy savings and protect against price fluctuations. This way, you can better position yourself in renegotiations or future price talks.
Benchmark, Quote Comparison
Do you regularly analyze spending trends of individual product groups or parts families? Do you only consider the part price when benchmarking? ivoflow handles these tasks for you, enabling you to submit price inquiries in bulk to uncover market standards and secure the best price.
Manufacturing Part Number Analysis
How do you ensure that a single part doesn't get assigned multiple item numbers? Are there processes in your company to ensure the data integrity and consistency of MPNs? Our software takes care of the standardization and optimization of part numbers to increase efficiency and reduce costs for you. This allows you to conduct better price negotiations.
Cost Model Target Analysis
How often do you compare target costs with actual costs and take action accordingly? How often do you check if there are alternative technologies, materials, or designs that could reduce costs? Rather than doing extensive research yourself, our software helps you identify data-driven arguments for your next price negotiation. It also checks for if the current prices of your suppliers are in line with the market.
Payment Terms & Cash Flow Analysis
How flexible are your payment terms when working with suppliers? Have you ever analyzed whether adjusting the payment terms leads to direct savings? Our tool helps you develop a better payment strategy to secure more favorable terms with your suppliers.
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
„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.“
Request a Demo now
Let our experts show you how ivoflow enables you to take your procurement to the next level.
Book Demo
Want to know more
about our procurement solution?
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!
Save your power and
empower your savings.
