COVALYZE
About COVALYZE
COVALYZE manages the article portfolio of your categories in a radical new way - we connect the data silos of local business unit's demand with the global procurement data of suppliers and their prices. This allows global pooling of demand that goes far beyond of what your many different EXCEL spreadsheets currently provide. We digitalize all data formats of your technical specifications in a structured format, so that your people can work with this data more effectively and save tons of money for your company! You want to learn more? Then book your free demo session!
Key benefits of COVALYZE
The only software in the market that analyzes all kind of technical features across many different categories with hundreds of articles. Our benefits
- one single source of truth for hundreds of users
- immediate price prediction for new articles or services
- immediate cost optimized specifications in every category
- Reduction of variant and successful portfolio standardization
- immediate identification of similar parts
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6 Reviews
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- Industry: Consumer Goods
- Company size: 10,000+ Employees
- Used Monthly for 1+ year
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- Likelihood to recommend 9.0 /10
Great Commodity Insights
Reviewed on 30/03/2022
Covalyze enabled a robust and objective insight into several cost outliers, further supporting the...
Covalyze enabled a robust and objective insight into several cost outliers, further supporting the related supplier negotiation and resulting savings. Throughout our data-heavy commodity area, Covalyze help us to clearly identify areas of focus, through slick data regression methods.
Pros
This really enabled me and the team to efficiently interpret significant amounts of cost data, saving time and energy on analysis, and allowing us to better focus on those targeted savings opportunities.
Cons
I would have preferred more ability to manipulate data further, but access and ability to export is limited.
- Industry: Consumer Electronics
- Company size: 1,001–5,000 Employees
- Used Monthly for 1+ year
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- Likelihood to recommend 8.0 /10
Great Price vs Performance Tool for any Procurement Department
Reviewed on 15/03/2022
It was a wonderful collaborative experience working with Covalyze to onboard commodities and...
It was a wonderful collaborative experience working with Covalyze to onboard commodities and pioneer the Price vs Performance Regression analysis methodology at Dyson. It has helped Commodity Managers develop another benchmarking tool to support negotiation preparation, enabling them to realise over $2M savings across 10+ commodities.
Pros
Covalyze uses a sophisticated and well-developed regression methodology to develop a "price calculator" for commodity costing. The user-friendly interface helps Commodity Managers identify price outliers very easily to address with suppliers and makes progressive steps into developing a commodity cost calculator in alignment with actual commodity cost structures. The software helps to identify potential savings from consolidating spends across similar parts and different suppliers, which highlights and outlines Procurement's priorities for annual negotiations
Cons
The onboarding process requires a deep commodity understanding of the performance and cost drivers in order to develop an accurate price formula before valuable and accurate insights can be extracted. Fortunately, the Covalyze team is experienced in asking the right questions and have technical expertise/background to develop this with the client.
- Industry: Consumer Electronics
- Company size: 5,001–10,000 Employees
- Used Monthly for 6-12 months
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- Likelihood to recommend 7.0 /10
Good cost regression software.
Reviewed on 31/03/2022
Pros
Covalyze has managed to break down a simple component and put a value to the technical characteristic that the component should cost. Although different manufacturer do have different manufacturing processes that ends up with different prices, it is still a good baseline to understand if we are paying at the market price.
Cons
Covalyze should improve on the download feature so that we can easily download the information that we require for the models that we required/
- Industry: Consumer Electronics
- Company size: 10,000+ Employees
- Used Monthly for 2+ years
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- Likelihood to recommend 8.0 /10
Dyson MCU
Reviewed on 04/04/2022
very profession, friendly and helpful having several rounds of discussions with our engineering...
very profession, friendly and helpful having several rounds of discussions with our engineering teams to fully customise to our specific requirements
Pros
easy to interact with and visual for extracting key information quickly
Cons
the low frequency at which the market data is refreshed
Response from Valunoo
Thanks a lot for your feedback and your suggestion for a higher frequency on updating additional market data - we will work on that!
- Industry: Printing
- Company size: 1,001–5,000 Employees
- Used Weekly for 6-12 months
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- Likelihood to recommend 8.0 /10
Interessanter, erstaunlich tiefer Einblick ins Materialportfolio
Reviewed on 31/03/2022
Bestätigung von Bauchgefühlen zu Warengruppe.
Bestätigung von Bauchgefühlen zu Warengruppe.
Pros
Darstellung von Einsparpotenzialen. Automatische Clusterung. Aufzeigen von Gaps in Daten. Gute Präsentierbarkeit um Potenziale sichtbar zu machen.
Cons
Lernkurve in der Vergleichbarkeit von Materialfeatures. Weiterhin viel manueller Aufwand notwendig.
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COVALYZE FAQs
Below are some frequently asked questions for COVALYZE.Q. What type of pricing plans does COVALYZE offer?
COVALYZE offers the following pricing plans:
- Starting from: €750.00/month
- Pricing model: Subscription
- Free Trial: Available
One time model setup per category between 0€ and 3.950€, depending on data size
Q. Who are the typical users of COVALYZE?
COVALYZE has the following typical customers:
51–200, 201–500, 501–1,000, 1,001–5,000
Q. What languages does COVALYZE support?
COVALYZE supports the following languages:
English, German
Q. Does COVALYZE support mobile devices?
COVALYZE supports the following devices:
Q. What other apps does COVALYZE integrate with?
We do not have any information about what integrations COVALYZE has
Q. What level of support does COVALYZE offer?
COVALYZE offers the following support options:
Email/Help Desk, FAQs/Forum, Phone Support
Related categories
See all software categories found for COVALYZE.
Procurement Software