Increase cost savings, efficiency and buyer and supplier engagement with more competition, more data, and faster cycle times.
Sourcing optimization enables procurement teams to go beyond simplistic supplier award decision-making that is driven solely by a lowest-cost model. Its main benefits include identifying new cost savings, reducing operational risk, speeding sourcing decisions, improving sourcing process quality, and discovering new supplier innovations.
Award on total value, not just price
Enable your sourcing team to go beyond simple supplier award decisions based only on a lowest-cost model. Buyers can collect a wide range of price and non-price information from suppliers and analyze different award scenarios based on those criteria and other business requirements
Manage projects of any size
Strategic sourcing projects require large amounts of data that can be difficult to manage in Excel or legacy software tools. A transportation event can involve thousands of line items and hundreds of carriers. Packaging and MRO events have hundreds of SKUs. Sourcing Optimization allows you to easily collect and analyze even the largest data sets.
Support supplier collaboration and flexibility
All suppliers are different. For suppliers to offer their best bids, you need to allow them to bundle items, create conditional discounts, and even submit alternative bids. This will help you collaborate with suppliers to maximize value.
Introducing Keelvar Sourcing Optimizer
Keelvar Sourcing Optimizer, is a SaaS optimization platform that is designed to simplify the complexities of sourcing without burdening sourcing teams with additional workload. With easy to use rapid event creation and proactive bid validation, it streamlines the entire sourcing process, driving savings and better sourcing outcomes.
The tool’s scalability allows it to handle complex sourcing events with thousands of line items and hundreds of bidders efficiently, while its robust scenario analysis feature enables businesses to optimize awarding, making the sourcing process more successful overall.
Drive higher adoption with a user-friendly UI
Keelvar Sourcing Optimizer has an easy-to-use interface that requires no coding or advanced mathematical skill to use. It features event progress visualization that shows you where you are in the sourcing process.
Get the best from suppliers with flexible bidding
Suppliers can provide conditional discounts, create item bundles and submit alternative bids. Bids can be entered manually or uploaded via Excel. Bidders are provided fast feedback on bids by showing traffic light rating or rank.
Optimize decisions with scenario analysis
Create as many scenarios as you need. Model business constraints and factor in costs for sustainability, risk management and more. Evaluate complex supplier discount setups. All without any need for coding.
Maximize competition through multi-round RFQs
Drive competition by running multiple rounds of RFQs while providing feedback (traffic light rating or rank) to suppliers about their relative competitiveness.
Negotiate effectively with
E-auctions
Keelvar supports reverse auctions that enable suppliers to bid against each other in spend categories where requirements are easy to define and quantify.
Flexibility to Optimize Multiple Spend Categories
Best-of-Breed Integrated Sourcing Model
Sourcing for a complex modern business demands a toolset that optimizes all aspects of the sourcing processes and integrates seamlessly into the wider operation. Keelvar combines and exchanges data with SAP Ariba, layering powerful optimization and automation capabilities onto SAPs established, industry-leading procurement platform.
By integrating Keelvar’s Sourcing Optimizer and Autonomous Sourcing solutions with SAP Ariba, businesses obtain a powerful sourcing tool capable of tackling the most complex events. The integration enables centralized sourcing event management, tracking, and analysis while leveraging advanced features to leverage flexible supplier data and bids, cost modelling, and advanced scenario analysis to determine the optimal award outcomes.
