HARMAN Enhances Supply Chain with Ivalua's Advanced Solutions
HARMAN Partners with Ivalua for Supply Chain Optimization
Ivalua is set to empower HARMAN with increased visibility into its supply chain, allowing for stronger collaboration with suppliers.
In a recent announcement, HARMAN, a frontrunner in connected technologies, has chosen Ivalua to streamline its operations and enrich its digital transformation journey. HARMAN is renowned for its innovations in automotive, consumer, and enterprise sectors. Their selection of Ivalua comes as they aim to digitize their Source-to-Contract (S2C) processes related to direct materials spending.
As a company dedicated to designing and engineering connected systems, HARMAN's product offerings span from fresh audio and visual technologies to comprehensive automation solutions. With celebrated brands like JBL®, Harman Kardon®, and AKG®, the company's solutions are integral across millions of vehicles. HARMAN's influence in the automotive segment is notable, with over 50 million cars currently featuring its advanced audio and connectivity systems.
During the initial phase of this collaboration, HARMAN will utilize Ivalua's innovative sourcing platform to centralize its direct spend processes within automotive operations. This integration is expected to not only streamline workflows but also foster productivity through advanced analytics and real-time insights, which are crucial for informed strategic decisions.
“Collaborating with Ivalua marks a significant advancement in our journey toward digital excellence,” revealed Frank Lutz, Director of Procurement Digitalization at HARMAN. He expressed confidence that leveraging Ivalua’s comprehensive platform would lead to considerable gains in operational efficiency, enhancing supplier collaboration and overall procurement value.
Looking ahead, HARMAN and Ivalua plan to expand their partnership beyond the automotive sector, exploring the benefits of Ivalua's comprehensive suite of spend and supplier management software across HARMAN's Lifestyle division and other key business areas.
Dan Amzallag, Chief Operating Officer (COO) at Ivalua, enthusiastically stated, “We are delighted to empower HARMAN with our cutting-edge solution which is pivotal to their current initiatives and future aspirations. Our mutual goals align to drive long-term success.”
About HARMAN
HARMAN designs and engineers breakthrough connected products for automakers, consumers, and enterprises globally. With an established presence in connected car systems and a wide array of audio-visual solutions, HARMAN's technology is foundational to today’s connected lifestyle. Boasting brands that are synonymous with quality, HARMAN serves a range of clientele, from audiophiles to automotive manufacturers.
Furthermore, HARMAN’s workforce, consisting of around 30,000 dedicated individuals spread across the Americas, Europe, and Asia, reflects its powerful influence across various sectors. In becoming a subsidiary of Samsung Electronics Co., Ltd., HARMAN has bolstered its capacity for innovation and growth.
About Ivalua
Ivalua is recognized as a leading provider of AI-powered cloud-based spend management solutions. Their unified platform not only simplifies procurement processes but also enhances sustainability and profitability. Trusted by numerous esteemed brands globally, Ivalua has established itself as a leader within the industry, acknowledged by reputed analysts including Gartner.
Frequently Asked Questions
What is Ivalua's role in HARMAN's operations?
Ivalua is enhancing HARMAN's supply chain efficiency by digitizing and centralizing direct materials spend processes, promoting collaboration with suppliers.
Which sectors does HARMAN serve?
HARMAN provides solutions primarily in the automotive, consumer, and enterprise markets, including connected car systems and audio products.
What are HARMAN's notable brands?
Some of HARMAN's leading brands include JBL®, AKG®, Harman Kardon®, and Lexicon®, well-known for high-quality audio products and services.
How many people does HARMAN employ?
HARMAN boasts a workforce of approximately 30,000 employees located in the Americas, Europe, and Asia.
What distinguishes Ivalua's services?
Ivalua offers an AI-powered unified Source-to-Pay platform that significantly enhances spend management, helping businesses to increase profitability and manage risk effectively.
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