Direct Materials Sourcing Optimization and Automation
Improve the quality of sourcing critical direct materials.
Raw and direct materials are vital to your business's success, and your buyers should have the best possible solution for making an optimal decision for sourcing those materials.
Keelvar makes it easier for more buyers to optimize their decisions for quality, price, and lowest risk.
Sourcing direct materials such as ingredients, commodities, chemicals, or other raw materials can be quite challenging for sourcing groups that don’t have the right strategic sourcing solution in place. There are many factors in an award decision beyond market-fluctuating prices to consider, such as ensuring you are working with reliable and ethical suppliers, acquiring materials that meet quality standards, reducing supply chain risk, and more.
Keelvar’s sourcing optimization platform features usability and automation efficiencies that are perfectly suited for event creation, bid collection, and sourcing decision analysis related to direct materials.
Direct Materials Sourcing Optimization & Automation
Ease of event creation from the upload of existing RFPs/bid sheets
Ease of event lifecycle management and auto-piloting
Flexible bid data collection
Supplier bid data validation
Supplier traffic light feedback
Flexible, robust cost modeling
Ease of reviewing bids and comparison of award scenarios
Speed in launching mini-RFPs
Why Keelvar for Direct and Raw Materials Procurement?
Scalability to handle everything from spot bids to large-scale RFPs with 100s of SKUs, 10K+ suppliers, and 1 million+ bid data points.
Optimization features and support services improve your direct materials event on-boarding, bid collection, and decision outcomes.
A supplier-friendly user experience improves competition, quality, savings, compliance, and delivery.
Direct Materials Sourcing Complexities
Supplier incumbency, reliability and quality/risk scores
Commodity rates and timing
Types of materials being sourced
Quality variations
Number of items and specifications
Geographic price differences
Sustainable and Corporate Social Responsibility (CSR) sourcing factors
Minimum order quantities
Lead time and just-in-time delivery options
Discounts by volume and bundled offers
Detailed pricing breakdowns
Contract and payment term options, including price escalation clauses
Size of spends: strategic, mini-tender, or tail spend
