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Sourcing Optimization that drives better strategic spend
Increase cost savings, efficiency and buyer & supplier engagement with more competition, more data and faster cycle times.
Go beyond cost focus
Enable sourcing teams 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 that criteria and other constraints.
Learn moreManage sourcing projects of any size
Strategic sourcing projects require large amounts of data. A transport event can involve thousands of line items and hundreds of carriers. Packaging and MRO events have hundreds of SKUs. Easily collect and analyze even the largest data sets.
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Support supplier collaboration and flexibility
All suppliers are different. For suppliers to offer the 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.
Learn moreDriving better sourcing outcomes in every category and industry
87%
Cost avoidance in technology
25%
Extra savings in packaging
85%
Time saved in manufacturing
$37m
savings in retail
Customers maximizing value with Sourcing Optimizer
Sourcing optimization highlights
Increase sourcing events
Drive adoption with easy-to-use features for flexible sourcing event design, event lifecycle management, supplier views and award analysis.
Save up to 85% of time on events
Improve the efficiency of sourcing events with automated data cleansing, rapid event design and AI-driven bid sheet configuration.
Tap into supplier expertise
Allow suppliers to submit alternative, off specification bids to leverage supplier know-how and innovation.
Save up to 25% cost
Create more savings by increasing competition with real time bid feedback to suppliers that lets them know their relative competitiveness.
Sourcing Optimizer features
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.
