Efficiently launch and analyze large, complex sourcing events
Use Keelvar to run, analyze and award complex tenders that you typically manage using Microsoft Excel. By centralizing the entire process you will be able to conduct sourcing events far faster and will be able to evaluate multiple award scenarios based on price and non-price factors.
Overview
Generate cost savings through optimization
Savings are generated via advanced features that encourage competition and creative bidding between suppliers. Cost avoidance of 15-20% can be reached as more and more spend categories are optimized.
Deliver efficiency gains by supporting process excellence
Through bidding quality control and optimized scenario analysis, buyers are able to reduce sourcing cycles by 50%. The solution uses easy automation to improve the quality and efficiency of sourcing events, with rapid event design driven by AI, bid data validation, and event auto-piloting.
Reduce risk by improving supplier award decision quality
Through advanced scenario analysis, buyers are able to ensure high-quality decisions that satisfy the demands and constraints of internal stakeholders. Share reports with key decision-makers and deliver the optimal supplier award scenario based on cost, value, and risk.
Details
Solution type
Extensions and Add-ons
Industry
Cross-Industry, Consumer Products, Industrial Manufacturing, Chemicals, High Tech
Compatibility
Works with
Features
Real-time supplier feedback for every bid
Allow suppliers to offer non-price bid considerations, such as capacity, alternative items, favorable terms, discount packages, and service commitments. Our “traffic light” feedback automatically keeps suppliers current on where their bids rank.
Create new tenders with minimal effort
Smart upload of existing bid sheet templates using drag-and-drop functionality facilitates a fast set up of any type of tender. SO also performs data quality control by proactively validating supplier offers during the bidding process, leading to further time savings.
Optimize decision-making via scenario analysis
Evaluate real-world market conditions alongside your organization’s business goals and account for preferences of internal stakeholders. Running a variety of “what if?” scenarios in real time makes it easy to compare results through graphical reports and determine the best award decision.
Plans and pricing
SO Tier 1
Full functionality for 5 users
Includes 5 Users Price unavailable in this region- Minimum contract 1 year
Full functionality for 5 users
Includes 5 Users SO Tier 2
Full functionality for 10 users. Higher user tiers require bespoke quotation
Price unavailable in this region- Minimum contract 1 month
Full functionality for 10 users. Higher user tiers require bespoke quotation
Technical Information
| Solution type | Extensions and Add-ons |
| Category | Procurement |
| Industry | Cross-Industry, Consumer Products, Industrial Manufacturing, Chemicals, High Tech |
| Works with |
|
The following information is provided by the publisher and applies to the latest app version available on the SAP Store. SAP does not control these policies and procedures; the publisher is solely responsible for the accuracy of the provided information.
| Deployment |
Software-as-a-Service solution This product is delivered online as a subscription service. |
| Operations |
Service Levels >99.5% This product achieves operational performance levels of 99.5% or greater. |
Resources
Spotlight Partner Solution - Keelvar Sourcing Optimizer one-pager
Keelvar Sourcing Optimizer Datasheet
Keelvar & SAP Ariba Integration Datasheet
Making the Case for Sourcing Optimization ebook
Publisher
Keelvar Systems Limited
Keelvar is an award-winning sourcing software vendor, specializing in Advanced Sourcing Optimization and AI-enabled Sourcing Automation for enterprise procurement to apply best practice in managing RfQs and auctions.
