Ivalua has been selected by Michelin Group, the leading tyre company, to provide a global sourcing solution, which will automate and streamline sourcing processes across Michelin’s buyer teams in Europe, North America, South America and Asia.
Michelin already uses the Ivalua solution for a global management of its 5,000 contracts and 5mn invoices a year across 55 countries.
The success of those projects has led to Michelin expanding the relationship with Ivalua now providing a fully integrated source-contract process.
Hélène Paul, CPO of Michelin Group commented, “With buyers all over the globe issuing 1,500 requests annually for suppliers to provide goods and services, we needed a tool that could help make this process more efficient, ensure best practices are leveraged across teams and improve collaboration between internal stakeholders and suppliers.
“Ivalua provides us with a fully integrated, global strategic sourcing process that empowers us to do just that.”
The company's supplier portal offers a single location for suppliers to review and bid for sourcing events from the very beginning through to the selection of the preferred supplier.
The platform allows Michelin buyers to collaborate with suppliers bidding for contracts, improving quality and transparency.
In addition, Ivalua will help Michelin to:
Gilles Bismuth, SVP of Business Development of Ivalua, commented, “In a world where supply chains are becoming ever more complex and increasingly global, organisations like Michelin are turning to technology to help manage their growing list of sourcing requirements.
“Ivalua is providing Michelin with an effortless way of tracking, automating and streamlining supplier sourcing, freeing up time for procurement teams to focus on strategic tasks to increase business value. Our collaboration features also mean that procurement teams can work with suppliers and each other, making the transfer of knowledge and insights much easier.”