Purchasing Intelligence Features

Direct access to all market data, price developments at parts list level and gap analyses: our various features for your procurement intelligence take individual customer requirements into account and supplement our solutions with elementary functions.

small graphic indicating software elements such as bars or buttons
a cost-break down of different part numbers

Cost-Break-Down

With this function, you can easily upload and compare complex cost breakdowns. Get a gap analysis at the touch of a button to optimally prepare for the next supplier negotiation. In addition, customer-specific cost breakdowns can be integrated into the ivoflow software through customization.

Market Monitor

Our Market Monitor accesses data via an external interface from our partners MBI and XE. This guarantees you immediate access to all market data on your raw materials, energy costs, labor costs, currencies and around 29,000 exchange rate pairs.

A dashboard in the ivoflow software showing the price trend of diverse raw material
Bill of Material in the ivoflow software

BOM

Monitor price trends and cost-saving opportunities as well as risks at BOM level with our BOM tool. The feature enables simple data transfer from purchasing to sales and can therefore improve sales planning and communication with your customers at the same time.

Capacity Management

Receive automatic notifications of future capacity bottlenecks from your suppliers. Your suppliers' capacities are compared with your call-offs and forecasts at all times.

two line graphs showing price trends
Portrait picture of Lance Younger from ProcureTech
„ivoflow’s intuitive procurement intelligence platform uses advanced technology to create and manage data-driven ideas that deliver real impact. The ivoflow solution is an essential element in the digital procurement stack."
Lance Younger
CEO ProcureTech
The ivoflow software on a screen.

Talk to our experts

Our main goal is to make the tool suitable for your individual needs. Let us show you how we co-created various modules together with our customers.

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SolutionMap Badge by Spend Matters
Blog
September 19, 2024

ivoflow Featured in Spend Matters Fall 2024 SolutionMap

ivoflow is proud to announce its inclusion in Spend Matters' Fall 2024 SolutionMap, a trusted and comprehensive benchmark of procurement technology solutions. As one of 15 new vendors added this cycle, ivoflow is recognized in the SpendAnalytics module, marking a significant milestone in the company's journey.

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.

Blog
October 6, 2023

The usage of generative AI in procurement

Generative AI for Procurement? A recap from the ProcureTech Founder Circle. London, October 5th, 2023.‍

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