Bulgari & Ivalua: Elevating Luxury Retail Procurement by Controlling All Spend on a Unified Platform

Bulgari & Ivalua: Elevating Luxury Retail Procurement by Controlling All Spend on a Unified Platform

Founded in Rome in 1884, Bulgari embodies superior craftsmanship that blends modernity with timeless elegance. Ivalua is proud to be Bulgari’s trusted partner in building a world-class Procurement function from the ground up, empowering them to continue the rich heritage of driving excellence and innovation across their global operations.

About BULGARI
Bulgari is an Italian luxury goods company, founded in Rome in 1884 by Greek silversmith Sotirio Bulgari, known for its glamorous jewelry, high-end watches, accessories, and leather goods. The brand is characterized by its distinctive Roman heritage, bold designs, vibrant color combinations, and exquisite craftsmanship. Since 2011, Bulgari has been a subsidiary of the French luxury conglomerate LVMH.

Challenges
- Procurement was highly decentralized due to Bulgari’s complex international structure, leading to inefficiencies and delays.
- Newly established Sourcing department, starting from zero with no prior purchasing culture.
- Significant pressure to preserve existing IT architecture while meeting the exceptionally high user experience standards expected in a luxury retail environment.

Benefits
- Four streamlined buying channels with 100% user adoption rate to efficiently manage all purchase types, from one-time suppliers to complex multi-service purchases.
- Standardized procurement processes, with 1,100 users across 15+ countries, consolidating global spend management on a single, unified platform.
- Custom configurations addressing unique stakeholder needs, ensuring adoption, alignment, and operational simplicity.
- Ivalua’s phased module deployment perfectly aligned with Bulgari’s evolving Procurement maturity and transformation roadmap.

===========
Ivalua is a leading provider of cloud-based Spend Management software. Our complete, unified platform empowers businesses to effectively manage all categories of spend and all suppliers, increasing profitability, improving ESG performance, lowering risk and improving employee productivity. We are trusted by hundreds of the world’s most admired brands and recognized as a leader by Gartner and other analysts.

In today’s dynamic business landscape, the race for Procurement efficiency and a competitive edge is relentless. Introducing Ivalua’s Intelligent Virtual Assistant (IVA) – powered by cutting-edge Generative AI (Gen AI). Seamlessly integrated into your daily activities, IVA empowers your Procurement team to shift their focus towards strategic initiatives, while enhancing overall productivity.

Unleash the power of Generative AI in Procurement, a rapidly expanding technology with undiscovered potential. Concrete use cases for leveraging Large Language Models (LLM’s) within Source-to-Pay are emerging but this is just the beginning. Procurement professionals must leverage the power of Gen AI to create their own use cases with no-code capabilities.

Видео Bulgari & Ivalua: Elevating Luxury Retail Procurement by Controlling All Spend on a Unified Platform канала Ivalua