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Ravacan: Vendor Analysis — Solution Overview for Mass Production Planning, Supplier Collaboration and Asset Management

Ravacan

This Spend Matters PRO Vendor Analysis provides an overview of Ravacan and its solution covering direct materials and asset collaboration management.

The notion that spreadsheets are archaic tools dying to be replaced by SaaS solutions is somewhat of a cliché in the enterprise software world. Yet the adoption of cloud-based alternatives for various business processes still lags in multiple areas, sometimes to a shocking degree.

Direct materials sourcing and purchasing, unfortunately, is still one of those areas.

The founder of Ravacan, a SaaS solution built for supplier collaboration on mass production planning and asset management, knows this situation all too well. As a global sourcing manager (GSM) and commodities manager at several international manufacturing firms, Anne-Sophie Le Bloas built massive spreadsheets for managing quarterly price updates and tracking externally located assets (e.g., injection molding machines) with contract manufacturers — and rebuilt spreadsheets whenever she started a new position.

Ravacan is her effort to break this cycle. Her solution takes the intimate knowledge of direct materials supply chain planning that global sourcing managers have and standardizes it into a collaborative, easy-to-use system. This “built by GSMs for GSMs” mindset is shaping a unique player in the emerging space for direct procurement technology specialists, as well as proving a key satisfaction driver with Ravacan’s initial customer and pilots.

This Vendor Analysis explores the concept behind Ravacan; the platform, application and supporting services the vendor delivers; a verified customer reference analysis; and a competitive market analysis, complete with key analyst takeaways.

Ravacan is a new provider carving a niche in the growing direct materials space

direct materials sourcing

To understand why the technology market for direct materials is seeing a rise in young solution providers like Ravacan, it’s important to understand the space and how it compares to the indirect procurement market.

Thanks to several developments over the last decade, indirect procurement organizations have seen a “rising tide” effect in the number of choices and increasing capability of today’s solution providers.

As first-generation indirect procurement solutions moved to the cloud and second-generation entrants gained notoriety, interest in the procurement sector grew — which lead to new funding for startups, providers crossing international borders and incumbents pushing the envelope of what they could do using automation, like RPA, and early attempts at AI, like auto-classification of spend data.

Direct procurement technology, though, is a different story.

While there are choices today for various direct procurement solutions, the pool is much smaller, and the options are less consistently mature (or developing) than their agile indirect peers.

But to the list of standalone providers targeting a niche in the direct material procurement space, we can now add Ravacan.