Intelligent Sourcing Automation

Boost productivity, scalability, and responsiveness.

Launch and run new events in minutes. Manage more events and more bidders. Respond faster to market changes. Improve quality and compliance. Keelvar’s AI-enabled “no code” Sourcing Automation builds on our optimization platform to take on the detailed workload of tactical buying, freeing up your team to be more agile, strategic, and creative.

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There is no question that automation will continue to transform procurement and strategic sourcing as modernization initiatives take center stage. Keelvar's customers use our sourcing automation to help handle increasing numbers of smaller, often reactive sourcing events as market and supply chain changes occur. Our Sourcing Automation leverages Artificial Intelligence (AI) and optimization to help teams offload the onerous, detailed event tasks that are better left to machines, while humans maintain full control and oversight.

AUTOMATION BENEFITS

Up to 90% of Workload Automated
100% of Negotiations Digitized
Increase Competition for Smaller Buys
Standardize Sourcing Best Practices

SOURCING AuTOMATION

As sourcing events happen more frequently, innovative sourcing teams can harness new advances to digitize and improve outcomes at scale. Keelvar’s Intelligent Sourcing Automation unlocks significant value in modernizing sourcing and increasing competition.

New events can launch in minutes, and up to 90% of tedious, manual event tasks are offloaded. Our automation leverages our Sourcing Optimizer platform to help buyers make the best possible decisions.

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Product Highlights

ALWAYS LEARNING

With our use of AI/ML, the technology is designed to get smarter with use. Keelvar’s Sourcing Automation seeks to identify patterns in your past events to better understand your sourcing process and preferences, becoming an extension of your team.

EVENT AUTOMATION

Sourcing Automation opens and configures events, manages bidding rounds, and identifies optimal award scenarios for you to review. With the solution handling up to 90% of the event tactical workload, your team is more agile and strategically focused.

COMPLIANCE

Automation helps eliminate manual data management and ensures all bids and negotiations are recorded. This leads to better adherence to policy, enhanced traceability, improved demand forecasting, and business risk.

Example Tasks Automated With Our Solution

Look up the requested good/service rate card

Seek the nearest alternative if the requested item or lane is unavailable

Generate a request summary for category managers

Message category managers

Determine invited suppliers

Message invited suppliers with invites and reminders

Validate bid data to improve quality and competitiveness

Open and close rounds with autopilot

Evaluate scenarios to generate award recommendation

Generate an award summary

Update the rate card upon award

Message awarded and losing suppliers

Message the original requester

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Testimonial Image

As one of the early adopters of this AI Ocean Sourcing Solution with Keelvar, I can honestly say it's been groundbreaking for us in the Coca-Cola System. We now have a structured digital solution to manage all our "Off Tender" requests, removing 100s of emails from our inboxes on a weekly basis.

Alan Smith

Logistics Procurement Manager EMEA (CEPG) - The Coca-Cola Company

More Sourcing Automation Resources

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