Sourcing Optimizer enables organizations to make better sourcing decisions by going beyond a simple lowest-cost model. It allows sourcing teams to collect a wide range of price and non-price information from suppliers and analyze different award scenarios based on that criteria and other constraints. The software supports managing sourcing projects of any size, handling large amounts of data, such as thousands of line items and hundreds of carriers in transport events, or hundreds of SKUs in packaging and MRO events. It facilitates supplier collaboration and flexibility, allowing suppliers to bundle items, create conditional discounts, and submit alternative bids to maximize value. The platform streamlines sourcing processes with easy-to-use features for flexible sourcing event design, event lifecycle management, supplier views, and award analysis. It improves the efficiency of sourcing events with automated data cleansing, rapid event design, and AI-driven bid sheet configuration. Suppliers can submit alternative, off-specification bids to leverage their know-how and innovation. Real-time bid feedback to suppliers lets them know their relative competitiveness, potentially cutting costs.

Features

• Streamline your sourcing processes
  • 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.
• Leverage your suppliers' expertise
  • Allow suppliers to submit alternative, off specification bids to leverage supplier know-how and innovation.
• Cut costs by up to 25%
  • Create more savings by increasing competition with real time bid feedback to suppliers that lets them know their relative competitiveness.
• 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.
• Flexible bidding
  • Allows suppliers to bundle items, create conditional discounts and even submit alternative bids.
• Scenario analysis
  • Enables buyers to analyze different award scenarios based on price and non-price criteria and other constraints.
• Multi-round RFQs
  • Supports multi-round RFQs for iterative bidding and negotiation.
• E-auctions
  • Facilitates e-auctions to increase competition and drive down costs.