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What Is COVALYZE?

COVALYZE immediately calculates target prices from your suppliers for every new business specification. You no longer need to wait for manual cost calculations from cost engineers, you simply use the power of data to accurately predict future prices!

Who Uses COVALYZE?

Every company or institution in the world that needs to buy many different articles from many suppliers in material and services

COVALYZE Software - See which features drive the prices of your suppliers in a category
COVALYZE Software - Explore each part in your category if it's overpriced or best negotiated
COVALYZE Software - Immediate target price calculation for any new part
COVALYZE Software - Explore similar parts and reduce part variance in your category
COVALYZE Software - Explore savings potentials per part and per suppliers

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Reviews of COVALYZE

Average score

Overall
4.5
Ease of Use
4.7
Customer Service
4.8
Features
4.5
Value for Money
4.0

Reviews by company size (employees)

  • <50
  • 51-200
  • 201-1,000
  • >1,001

Find reviews by score

5
50%
4
50%
Verified Reviewer
Verified LinkedIn User
Consumer Goods, 10,000+ Employees
Used the Software for: 1+ year
Reviewer Source

Great Commodity Insights

5.0 2 years ago

Comments: 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.

Johnson
Lead Procurement Engineer in UK
Consumer Electronics, 1,001–5,000 Employees
Used the Software for: 1+ year
Reviewer Source

Great Price vs Performance Tool for any Procurement Department

5.0 2 years ago

Comments: 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.

Jolene
Global Commodity Manager in Singapore
Consumer Electronics, 5,001–10,000 Employees
Used the Software for: 6-12 months
Reviewer Source

Good cost regression software.

4.0 2 years ago

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/

Nadine
Global Commodity Manager in UK
Consumer Electronics, 10,000+ Employees
Used the Software for: 2+ years
Reviewer Source

Dyson MCU

5.0 2 years ago

Comments: 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

Valunoo Response

2 years ago

Thanks a lot for your feedback and your suggestion for a higher frequency on updating additional market data - we will work on that!

Jonathan
Lead Procurement Engineer in UK
Consumer Electronics, 10,000+ Employees
Used the Software for: 1-5 months
Reviewer Source

Useful Platform for Assessing Cost

4.0 2 years ago

Comments: Useful platform which for the most part clearly picks out valuable insights from lots of data.

Pros:

The ability to identify cost drivers across an range of parts is helpful, allowing this data to be used to influence engineering teams to mitigate cost where possible. Also helpful is the identification of saving potential, allowing you to prioritise cost down activities where you know there is a lot of opportunity.

Cons:

Due to the high amount of data, it's not always clear in the feature overview section what the units are referring to (Units, Volts, mm, Suppliers, for example)