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How Elkem Transformed Supplier Risk Management Across Global Teams

Learn how Elkem built a connected, company-wide strategy to reduce supplier risk and safeguard its global reputation.

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Industry:

Manufacturing

Headquarters:

Oslo, Norway

Employees:

7,200

Website:

Visit Elkem’ Website

About Elkem

Elkem is a global leader in advanced silicon-based materials, driving innovation for a more sustainable future. The company develops high-quality silicones, silicone products, and carbon solutions by leveraging natural raw materials, renewable energy, and human ingenuity. With a focus on empowering its customers, Elkem supports advancements in key industries, including electric mobility, digital communications, health, and personal care. Additionally, Elkem contributes to the creation of smarter, more sustainable cities through its innovative solutions.

Challenges

Risk Mitigation: Managing external supplier risks was critical to protecting Elkem’s brand reputation.
Global Complexity & Silos: Elkem sought a scalable solution to manage all their suppliers, to be used as a single source of truth for supplier data.
Structured Supplier Database: Elkem needed to organize its supplier database in a way that reflected the dynamics of the supplier market—enabling more strategic sourcing, better risk management, and clearer visibility across categories and regions.

Benefits

Secured Global Reputation: By tracking supplier risk and closely following supplier performance from Ivalua, Elkem proactively mitigated supplier-related risks.
One System, Full Visibility: Elkem now manages 100% of its suppliers through a single, centralized platform–enhancing control and transparency.
Aligned & Scalable Processes:Ivalua successfully helped Elkem eliminate organizational silos while aligning seamlessly with their level of maturity. This has enabled Elkem to achieve both global consistency and increased agility.

Solutions Selected

Supplier Risk & Performance

Sourcing

Contract Management

eProcurement

Invoicing

Payments

Spend Analysis

I am very proud to say that 100% of our suppliers are now in one system! I’m proud of implementing Ivalua, and having a system that is global that tries to unify and break the silos in our company.