Ivalua Review - why 2.8 stars?

Shlomi Lavi / updated: Dec 13, 2022

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What is Ivalua?

Ivalua is a cloud-based direct materials sourcing software designed to help sourcing professionals perform their job more efficiently and faster. The software can help users to manage Request for Information (RFI), Request for Quotation (RFQ) and sharing documents or conversations using the collaboration tools. It is also designed to offer smarter sourcing decisions by helping to select the right suppliers for your supply chain.

Ivalua was founded back in 2004 with a strong software platform built for empowering sourcing professionals and help them do their job in a smart and efficient way. The software can help manufacturers to reduce cost and keep IT costs low by offering SaaS solutions (Software as a service). It can automate most of the spreadsheet-driven tasks and meet the necessary requirements of manufacturers.

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Who is it best for?

Ivalua is perfect for large manufacturing companies. The software is designed for aerospace & defense, automotive, consumer goods, diversified industrial, high tech and medical devices manufacturing industries. Whirlpool, B/E Aerospace and TRW are some of the clients of Ivalua.

Main features and functionalities

It’s always about building profitable products for manufacturers and that’s where Ivalua can help them. The software can streamline processes, offers better risk management and compliance and can help users to get quality materials delivered on time. Some of the key features of Ivalua are: RFx automation, total cost analysis, reporting, dashboards, secure sharing of drawings and technical data and analytics. The software offers SaaS deployment option which means users can get started in a very short time by paying very minimal up-front cost.

Ivalua can help users to track, manage and measure potential and active supplies by capturing supplier capability information, offering better supplier collaboration, making sure that the suppliers have the capacity to fulfill your demand and monitoring and auditing supplier performance.

The process automation section offers automating early supplier collaboration for New Product Introduction, parts qualification, engineering project tracking, transferring of parts from one supplier to another and purchase order approval process.

What is the actual cost?

ITQlick pricing score is 8.2 out of 10 (10 is most expensive). Access ITQlick pricing guide for Ivalua. You can also find here pricing information from Ivalua's website.

Pros

• Ivalua is specifically designed for large manufacturing companies including automotive, high tech and consumer goods
• Directwork’s implementation service can help you to go live in a very short time
• Unlike other PLM sourcing and indirect sourcing tools, Ivalua offers compliance and risk controls
• The tool supports integration with a user’s existing ERP, PLM and homegrown application
• The software mostly focuses on direct materials sourcing and supplier management to help manufacturers build profitable products

Cons

• Ivalua doesn’t offer asset management, auto-matching and inventory management features like other similar tools
• Ivalua vendor management part doesn’t offer contact management and supplier master data feature
• The customer support of Ivalua doesn’t offer any 24x7 phone support
• The direct material sourcing software doesn’t offer any mobile dedicated app for iOS and Android devices
• The software doesn’t offer on-premise deployment options for users like other similar tools

How it stacks up?

Access a head to head analysis of Ivalua vs alternative software solutions.

Frequently Asked Questions (FAQs)