Thursday 5th August, 2021
Ivalua has announced an extension of its Procure-to-Pay solution with a new Inventory Collaboration capability. The solution streamlines and automates the management of inventory levels, the stock replenishment process and collaboration with suppliers for Vendor Managed Inventory (VMI), addressing both indirect spend and direct materials needs.
Ivalua’s fully integrated Inventory Collaboration solution helps customers streamline and optimise inventory levels in sync with the broader procure-to-pay process. Procurement and other business users will be empowered to make more informed buying and planning decisions with the help of:
• Quicker and easier access to current inventory levels
• Streamlined processes around stock replenishment with proactive alerts, automatic calculations and order creation
• The ability to easily allocate stock to relevant storage locations (i.e. warehouse, plant, stockroom)
To address supply chain and direct materials needs, Ivalua also offers a Vendor Managed Inventory (VMI) capability, enabling efficient collaboration with suppliers that manage inventory for their customers.