Sourcing Optimization

Extend the power of sourcing optimization to more spends, more buyers, more suppliers.

Sourcing Optimizer is a SaaS product that surpasses first-generation sourcing optimization tools by focusing on ease-of-use, workflow automation efficiencies, supplier engagement, and scale.

Sourcing optimization enables sourcing teams to go beyond simplistic supplier award decision-making that is driven solely by a lowest-cost model. Buyers can collect a wide range of price and non-price bid information from suppliers, and then analyze multiple awarding scenarios based on those criteria and other constraints. At Keelvar, we believe optimization shouldn’t be complicated to use. Our Sourcing Optimizer is designed for adoption, reach, and impact.

Sourcing optimizer is for:

Advancing from first-generation sourcing optimization tools

Enterprise and mid-sized global customers with supply chains

All spend categories; scalable from spot bids to large-sized events

All buyer and supplier skill sets

IMPROVE YOUR
SOURCING JOURNEY

If you’re feeling stuck or need to get more out of e-sourcing and optimization, Keelvar helps you:

Boost productivity with out-of-the-box automation features.

Apply optimization to more spends in logistics, direct materials, and indirect categories.

Improve supplier engagement and outcomes.

Equip yourself with the right technology for the journey towards procurement automation.

Product Highlights

USABILITY & FLEXIBILITY

Drive adoption - and therefore ROI potential - with features for flexible sourcing event design, event lifecycle management, supplier views, and award analysis.

COMPETITIVE BIDDING

Discover new opportunities and innovations by allowing suppliers to offer non-price considerations, alternatives, and discount packages. Increase competition with timely bid feedback.

SPEED OF AUTOMATION

Improve the quality and efficiency of sourcing optimization events with automated data cleansing, rapid event design, AI-driven bid sheet configuration, and more.

Key Features in Sourcing Optimizer

Easy, intuitive user interface

Event progress visualization

Rich, flexible bid process and validation

Automated sourcing event triggers

Flexible bidding options for suppliers

Fast bidder feedback (traffic light, rank)

Robust award scenario analysis

Historic rate comparisons

Supplier incumbency management

Customizable reports

Customizable user permissions

API for easier integration with external systems (i.e.. SAP Ariba)

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Over the years, I have used many bidding tools from different vendors, but Keelvar is the one I have liked most of all.

Dragan Vidicki

Director of Transport & Logistics - Agrorit D.O.O.

THE FOUNDATION FOR INTELLIGENT SOURCING AUTOMATION

Automation will be a key vehicle for new procurement innovations. Will your current solution help you get there? Sourcing Optimizer provides the platform for Keelvar’s intelligent sourcing automation products. Learn more about how to use our automation to gain significant efficiencies, and give your sourcing teams the freedom to be more strategic and creative while generating increased value to the business.

‍Read more: Sourcing Automation