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
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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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.
