Using Dynamic Decisions to Cope with Volatility
This US tech company had a slow and cumbersome process for major global air and ocean RFQs that was harming their business, as they were unable to optimize their sourcing to find the best results. The customer aimed to improve time savings, decision-making, and their reaction to market changes. They recognized the need for a solution that could reduce tedious manual processes, eliminate human errors, and provide data for decision-making.
The customer implemented Keelvar, which enabled them to optimize their spend and switch to a dynamic sourcing strategy that allowed them to go to market more frequently. With Keelvar, they were able to save $60 million in cost avoidance by switching from air charters to commercial flights and run 17 events in a year with the same resources.
The improved time savings and agility to react to market changes allowed the team to focus on being more strategic and improve overall cost management for their major global air and ocean RFQs.