Ivalua - Top Competitors (Dec 2022)

Shlomi Lavi / updated: Dec 13, 2022

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Ivalua vs. Alternatives in 2024

Some of the major competitors for Ivalua are SciQuest and LiveSource.

SciQuest provides e-sourcing solutions which are available in the cloud to optimize the procurement process of manufacturers. It provides two products with the first being Sourcing Director which ensures best practice purchasing workflows, self-service supplier portals, and analytic tools with dashboards to monitor sourcing effectiveness. There is also an Advanced Sourcing Optimizer which provides templates for bid requirements, scenario modeling to forecast bid responses, as well as bid analysis procedures which include evaluation & scoring methods.

Ivalua in comparison is also available in the cloud and provides a similar solution. However it provides additional features such as a fully fledged document management system, capacity planning & auditing options, bid costing analysis, as well as product qualification procedures. Additionally it has in-built support for major compliance standards for government, environmental and export control regulations.

Then there is LiveSource which focuses on auctions to ensure competitive bidding, and supplier discovery to match requirements and pre-qualify suppliers prior to the bidding process starting. Additionally there is a collaboration platform to engage with suppliers and exchange information, and business intelligence tools to monitor supplier performance. It also supports compliance with Conflict Minerals regulations for raw materials sourcing.

While Ivalua does not support these features at this stage, it does include business process automation which includes engineering project tracking to streamline procurement requirements, as well as parts purchasing transfer to different suppliers based on requirements and costing reviews.