Keelvar + Overhaul: sourcing optimization and security

Marc Schrader

May 2, 2024

Supply chains are the lifeblood of commerce. However, the intricate network of suppliers, manufacturers, and distributors is not without its challenges, writes Marc Schrader Sr. Director Of Partnerships at Overhaul:

One of the most pressing concerns facing supply chain managers is the threat of fraud and theft. Solving this issue requires a collaborative approach that prioritizes sourcing optimization and security.

Enter Keelvar and Overhaul—two innovative companies that have joined forces to tackle these challenges through a groundbreaking partnership. Keelvar's cutting-edge sourcing optimization software pairs with Overhaul's real-time risk management platform to mitigate fraud and theft. Together, we are helping secure supply chains throughout the procurement process and beyond.

How our partnership is driving sourcing optimization and risk management

  1. Predictive Risk Assessments
    Keelvar's AI-powered sourcing optimization platform leverages advanced algorithms to analyze vast amounts of data. It then identifies potential supply chain risks, such as fraudulent suppliers or acts of non-compliance.

    Overhaul's real-time risk management platform further enables businesses to assess and predict risks in transit. From supplier selection to transportation logistics, companies can make informed decisions to mitigate risks before they escalate.
  2. Enhanced Visibility
    One of the biggest challenges in supply chain security is the lack of visibility across the entire ecosystem. With Overhaul's innovative risk monitoring platform, businesses gain unprecedented visibility into their supply chain operations.

    More specifically, they are able to track shipments in real time and leverage geospatial data, which translates to actionable insights.Paired with Keelvar's sourcing optimization software, companies can ensure end-to-end visibility. This allows them to detect anomalies and quickly address potential security threats.
  3. Proactive Incident Responses
    Despite proactive risk management measures, incidents such as theft or fraud may still occur. However, with Keelvar and Overhaul's partnership, businesses can respond to these incidents swiftly and effectively.Overhaul's platform provides instant alerts and notifications if it detects suspicious activity. This enables companies to take immediate action to mitigate the impact.

    Additionally, by leveraging Keelvar's sourcing optimization capabilities, businesses can quickly reroute shipments or identify alternative suppliers, helping minimize disruptions and uphold supply chain integrity.
  4. Continuous Improvement
    Supply chain security is an ongoing process that requires continuous monitoring and adaptation to evolving risks. Keelvar and Overhaul use data analytics and machine learning algorithms to help businesses stay ahead of these threats.

    Through these tools, we can identify patterns and trends involving fraudulent activities.We also provide reporting and analytics tools that enable businesses to assess their risk exposure. They can then use these insights to refine their security strategies over time.
With Keelvar and Overhaul's partnership, businesses can respond to incidents swiftly and effectively

Secure, strategic sourcing Is only the start

The partnership between Keelvar and Overhaul represents a shift in how businesses approach supply chain security. Our advanced technology and data insights help companies find and reduce risks before they become a problem. We also enable them to better safeguard customer operations and preserve trust among stakeholders.

Additionally, our partnership enables companies to take advantage of the best sourcing processes at the lowest cost. Our automation tools also empower customers to avoid time-consuming activities and improve supplier relationships. Lastly, we take the stress out of shipping by ensuring on-time, in-full delivery. Simply put, our partnership is supporting more effective, efficient supply chains.

"Our partnership enables companies to take advantage of the best sourcing processes at the lowest cost"

As supply chains continue to evolve, collaboration will play a key role in securing the global economy. Speak to experts at Keelvar and Overhaul to learn more about how we are helping customers with sourcing optimization, security, and other solutions.

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