Keelvar Sourcing Optimization Pricing, Features, Reviews & Comparison of Alternatives

Keelvar Sourcing Optimization is a cloud-based sourcing optimization solution which enables businesses to perform ‘what if’ scenario analysis, initiate single-round and multi-round bidding events, offer tiered discounts and combinatorial bidding, and more.

With Keelvar, users can initiate eAuction and RFX events with adaptable strategy designs. RFIs can be used as a qualification stage for sourcing events, requiring bidders to fill in all mandatory sections of questionnaires before they are allowed to access the bud sheet, or they can be run in parallel with RFQs. Field names and formats can be customized, and data is automatically validated on submission to ensure that all fields are answered in the correct format. Data can also be uploaded in bulk and mapped automatically, enabling users to create events from pre-existing data. With RFQs and RFTs, users can collect thousands of bids across lots, including package bids with contingent discounts. Online and offline bidding processes are supported, and multiple currencies can be used. Multi-lot eAuctions can be used for commodity goods and services, and create an audit trail, enabling users to justify their award procedures.

Keelvar allows users to carry out analysis on multiple ‘what if’ scenarios, using award criteria that users can set to align with risk management policies or corporate strategies. Evaluations and reports are generated automatically, and take into account any defined business rules or biases either against or in favor of bidders when describing outcomes. Cost and quality tradeoffs can then be presented to shareholders visually, enabling them to assess the impact of different decisions, and select preferred outcomes based on corporate objectives.