SupplyChain Magazine December 2019 | Page 53

CLICK TO WATCH : ‘ IVALUA OVERVIEW VIDEO 2019 ’ 53 flexibility on how to best achieve those , great things are possible . Suppliers are the experts in their fields and best suited to find creative ways to produce an item using new processes , designs or materials that can not only be greener but potentially also cheaper and of greater value to end customers . Some companies do engage collaboratively with suppliers , but usually only a handful of suppliers for a subset of the goods and services they buy . Technology can help scale that collaboration to address more suppliers and categories , helping everyone win , including the environment .
Can you talk through Ivalua ’ s Procurement Empowerment Platform ? What are the key benefits ? Ivalua ’ s platform helps unlock the full value of its customers and suppliers spend . We aim to help reduce costs through improved sourcing and efficiency improvements . But it also helps customers achieve all their growing objectives , such as accelerating innovation , mitigating risks and growing revenue . Take Meritor for example , which has digitised the full supplier lifecycle , including configuring a unique approach to new product introductions
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