Case Study: Evonik achieves standardized supplier management and greater transparency with valantic

Evonik standardizes supplier management across 8 divisions with Valantic

Evonik, a leading global specialty chemicals group, was preparing for an IPO and needed to standardize its supplier management across eight business units that were using heterogeneous approaches. The company partnered with valantic to develop a group-wide, performance-based system that would increase transparency and improve risk management.

valantic analyzed the existing concepts from all divisions, selected the best components, and consolidated them into a single standardized model. This new supplier management system provided Evonik with a consistent method for evaluating supplier performance, forming a reliable basis for strategic control and the implementation of group-wide optimization measures in procurement.

Evonik