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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Mock-up of a whitepaper on procurement maturity

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Blog

March 18, 2025

Finance, HR, and Team Spirit: Meet Sina, Our Office Manager

Monthly reports, investor updates, team events, and HR – even in smaller companies like ivoflow, the workload is no small feat. Since early 2024, Sina has joined as a team assistant, providing much-needed support to our founders. Software-as-a-Service was new to the 29-year-old at first, but as a former district manager of a fitness chain, she brought all the skills required for her role – and what the team particularly appreciates about her: discipline, attention to detail, teamwork, and plenty of energy!"

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Press

October 22, 2024

ivoflow selected as one of the 2024 ProcureTech100

ivoflow, a leading Spend Analytics Platform for the Manufacturing Industry, has been selected as one of the 2024 ProcureTech100 – a prestigious list of the top 100 cutting-edge digital procurement solutions. Now in its fourth year, the ProcureTech100, published by ProcureTech in collaboration with Kearney, has become a trusted global resource for procurement leaders seeking innovative, AI-driven digital tools that are driving critical transformation. The selected organizations represent the most forward-thinking, customer-centric, and advanced procurement technologies.

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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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