#France #Ivalua #Laboratoires Théa #Fluxym #Clermont-Ferrand

Laboratoires Théa Selects Ivalua's Advanced Management Solutions

Laboratoires Théa, a pioneering force in the pharmaceutical industry, has taken a significant step forward in its procurement strategy by choosing the Ivalua platform along with Fluxym’s tailored methodology. This collaboration aims to enhance the efficiency of their supplier management and sourcing practices.

The Need for Transformation

As an independent laboratory focused on eye-care product development, Théa recognized the need to modernize its procurement processes. With growth targets in mind, the company embarked on an initiative to seek a solution that could streamline supplier management, digitize sourcing operations, and automate evaluations and risk reporting.

To achieve these goals, Théa explored various options before settling on the Ivalua platform, which stood out due to its comprehensive features that address critical procurement pain points. The decision came after careful consideration of how to enhance productivity in the central procurement team, improve stakeholder satisfaction, and reduce processing times.

Key Areas of Focus

Théa identified four main objectives for its procurement transformation:
1. Develop the performance, productivity, and efficiency of its centralized procurement department.
2. Increase satisfaction levels among users and stakeholders.
3. Harmonize and automate procurement processes to ease administrative burdens.
4. Enhance risk management and regulatory compliance, especially with critical suppliers.

Why Ivalua?

Ivalua impressed Théa with its innovative platform, specifically in automating Supplier Relationship Management (SRM) processes, its user-friendliness, and overall interoperability with other systems. The integrated solution was seen as pivotal to meeting the rigorous demands of the pharmaceutical sector.

Moreover, Fluxym’s consulting approach and flexibility in tailoring their methodology to fit Théa's specific requirements played a crucial role in the selection process. Christophe Rivayran, Development Director at Fluxym, conveyed enthusiasm about leveraging their expertise in supplier management to support Théa's unique quality requirements.

The Partnership and Future Outlook

The alignment between Ivalua and Fluxym reflects a strategic partnership aimed at delivering substantial value to Laboratoires Théa. Dan Amzallag, COO of Ivalua, expressed excitement about providing a unified platform designed to enhance operational efficiency within a highly regulated industry.

This project marks a transformative chapter allowing Théa to streamline its operations and manage supplier-related risks more effectively, further solidifying its position as a leader in the eye-care sector.

About Laboratoires Théa

Founded in 1994, Laboratoires Théa is Europe's leading independent provider of eye care products. Headquartered in Clermont-Ferrand, the company has expanded across multiple continents. In 2023, its sales reached an impressive 923 million euros, positioning it firmly in the global market.

About Fluxym

Fluxym specializes in digitalizing supplier relationships with a focus on Source-to-Pay processes. Established in 2002, the firm has successfully completed over 500 projects, solidifying its reputation in the procurement consulting sphere while being a trusted partner of Ivalua since 2016.

About Ivalua

Ivalua is a renowned leader in cloud-based Spend Management software, offering businesses a comprehensive solution to manage various categories of spending effectively. Their platform is renowned for enhancing profitability and boosting sustainability while mitigating risks in procurement processes.