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Scaling Sourcing Excellence at Speed with Autonomous Sourcing

Capucine Legal

December 10, 2024

In a webinar hosted by the Journal of Commerce in partnership with Keelvar, industry experts convened to discuss the future of procurement and the role of technology in driving efficiency. Featuring insights from Dylan Alperin, Chief Commercial Officer at Keelvar, and Adam Brown, Technology Platform Leader for Procurement at Maersk, the session explored how sourcing optimization and autonomous sourcing is transforming supply chain strategies at scale.

Key Takeaways

Autonomous Sourcing: Revolutionizing Procurement

At the core of the discussion was autonomous sourcing—a game-changer in procurement that enables organizations to streamline sourcing events, reduce manual effort, and respond to market shifts with agility. “The era of spreadsheets and manual RFP processes is behind us,” stated Dylan Alperin. “Autonomous sourcing is helping companies unlock efficiency, speed, and better outcomes without compromising control.”

Adam Brown echoed this, explaining how Maersk has embraced tools like Keelvar to tackle sourcing challenges: “Autonomous sourcing empowers us to handle massive datasets, optimize supplier selection, and make data-driven decisions in ways that simply weren’t possible before.”

"Autonomous sourcing empowers us to handle massive datasets, optimize supplier selection, and make data-driven decisions in ways that simply weren’t possible before."

Collaboration Between Humans and Machines

The speakers emphasized that autonomous sourcing doesn’t replace human expertise; instead, it augments decision-making. Alperin noted, “This is not about taking humans out of the equation; it’s about giving them superpowers to be more strategic.”

Brown shared how Maersk’s procurement teams have seen firsthand the benefits of this collaboration: “By automating routine tasks, we’ve freed up time to focus on supplier relationships and advancing our sustainability initiatives—things that require a human touch.”

Adapting to Market Dynamics

In today’s volatile market, adaptability is crucial. Keelvar’s solutions, designed to enable rapid scenario analysis and real-time adjustments, were highlighted as essential for navigating uncertainty. “Markets are more unpredictable than ever,” Alperin said. “Autonomous sourcing equips teams with the tools they need to pivot quickly and maintain resilience.”

Brown provided a real-world example, describing how Maersk has used this adaptability to respond to disruptions: “When the unexpected happens, we’re able to rerun sourcing events almost instantly, ensuring we keep operations running smoothly.”

"When the unexpected happens, we’re able to rerun sourcing events almost instantly, ensuring we keep operations running smoothly."

Looking ahead

The speakers underscored the growing importance of embracing technology to scale sourcing excellence. As Alperin aptly noted, “Autonomous sourcing is not the future; it’s the present.” Companies that invest in these solutions today position themselves to thrive in an increasingly competitive and dynamic landscape.

For those looking to explore sourcing optimization and autonomous sourcing further, tools like Keelvar  provide a clear pathway to unlocking efficiency and agility in procurement processes.

Check out the on-demand webinar for more insights.

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