Autonomous Sourcing
Automate tactical and tail sourcing to remove manual work from frequent, low-value purchases.
Executive Summary
Keelvar's Autonomous Sourcing is a software solution designed to automate tactical and tail spend procurement. It focuses on removing manual effort from frequent, low-value purchases, allowing procurement teams to reallocate time to more strategic tasks. The platform leverages AI and optimization to streamline the entire sourcing process, ensuring competitive bidding and cost-effectiveness across various spend categories. It integrates with existing systems like SAP Ariba and utilizes real-time market data, such as from DAT Rate Lookup API, to inform sourcing decisions. Key features include intelligent intake for identifying appropriate workflows, automated rate updates, and consolidation of information through Keelvar Rate Manager. This comprehensive approach aims to perfect every type of sourcing by connecting advanced optimization with autonomous capabilities.
Use Cases
- Automating tactical and tail spend sourcing
- Optimizing freight procurement (e.g., Ocean, FTL, LTL)
- Ensuring competitive bidding and cost-effectiveness
- Managing and updating real-time rate data
- Freeing up procurement teams for strategic tasks
Features
Visibility
- Real-time Market Insights: Provides real-time insights into both spot and contract markets, helping users make smarter decisions.
- Intelligent Workflow Identification: Sophisticated search functionality identifies the most appropriate sourcing workflow based on specific requirements.
Intelligence
- Advanced Sourcing Optimization: Uniquely connects advanced optimization and autonomous sourcing in a single, AI-powered ecosystem.
- Automated Rate Management: Automates rate updates and consolidates real-time rate data, serving as a bridge for accurate sourcing.
- AI-Powered Sourcing Automation: Automates the entire sourcing process across any type of spend, ensuring competitive bidding and cost-effectiveness.
Support
- Integration Documentation: Access to documentation, articles, and media related to third-party integrations.
Technical Specifications
- Architecture
- AI-powered ecosystem with flexible and scalable API-driven integrations for advanced optimization and autonomous sourcing.
- Deployment
- SaaS
- API Available
- Yes
Integrations
- SAP
- SAP Ariba
- DAT
Security & Compliance
Certifications: ISO 27001
Pricing
- Target Customer
- Enterprise
About Keelvar
Keelvar is a global leader in intelligent sourcing optimization and automation solutions, offering AI-powered software designed to enhance procurement processes for enterprises. Their platform enables organizations to automate sourcing events, optimize spend, and improve supplier engagement, serving industries such as automotive, food & beverage, hi-tech, manufacturing, pharmaceutical, and retail.