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:
IMPROVE YOUR
SOURCING JOURNEY
If you’re feeling stuck or need to get more out of e-sourcing and optimization, Keelvar helps you:
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)
Request a Demo
Over the years, I have used many bidding tools from different vendors, but Keelvar is the one I have liked most of all.
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.
