Keelvar: Vendor Snapshot (Part 2) — Product Strengths & Weaknesses [PRO]

Global Risk Management Solutions

From its roots in Irish mathematical academia, Keelvar has evolved in less than five years since launching to become the most user-friendly sourcing optimization solution in the market. It offers an advanced sourcing technology that a typical procurement team member can take full advantage of with minimal training and no special quantitative or analytical skillsets. In expanding the potential universe of advanced sourcing applications, Keelvar has brought a better approach to category sourcing and events that procurement would have previously negotiated in a manner that cost them potential implementable savings (and a chance to build better relationships with both internal stakeholders and suppliers).

Today, Keelvar regularly handles events with thousands of line items (and lanes, in the case of transportation). It also enables data gathering and scenario analysis in real time, just like its competitors. Plus, it now supports more than 40 of the most common constraints (e.g., split of business) that procurement organizations would apply to sourcing processes that take advantage of capabilities to optimize award decisions. More recently, Keelvar has expanded beyond the initial traction it built in public sector to retail, CPG and transportation companies, and is now even serving some Fortune 500 and Global 2000 manufacturers.

This Spend Matters PRO vendor snapshot explores Keelvar’s strengths and weaknesses in the e-sourcing and sourcing optimization areas, providing facts and expert analysis to help procurement organizations decide if they should shortlist Keelvar as a potential provider to replacement or use alongside other sourcing technologies. (Incidentally, Spend Matters research shows that Fortune 500 companies typically use at least three different sourcing solutions.) Part 1 of our analysis comprised a company and detailed solution overview and a SWOT analysis, as well as a summary recommended fit suggestion for what types of organizations should consider Keelvar. The remaining parts of this multi-part series will offer a user selection guide, user interface (UI/UX) analysis, competitive alternatives and evaluation and selection considerations.

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