Sourcing Robotics – Adoption and Automation of Best Practice Strategic Sourcing
Abstract: Automation for simple tasks drives savings and reliability but automation of complex tasks drives strategic benefits. Back-office functions such as invoice payments processing are usually the first tasks to be automated because they are easier to formalize into simpler rule-based systems. But it would be a mistake to conflate operational efficiencies with the strategic advantages that are possible when the more sophisticated aspects of executing large and complex sourcing projects are addressed by AI. But automation in it’s own right is not sufficient. We need to automate best practice rather than accelerate poor practice.
In this white paper we chart the path to Automation of Sourcing that is 1) founded upon tools for best practice, 2) trained with data from best practice examples and finally 3) supported via automation of best practice. We refer to the stages in this evolution, collectively, as Sourcing Robotics because the AI is interacting with the real world in the form of decision making that is contingent upon responses from bidders. Various aspects of AI that include Machine Learning, Optimization and Robotics are relevant to different aspects of the sourcing lifecycle. This paper describes the conditions needed for full automation of sourcing, the progress to date and key milestones achieved as well as offering a look to the future to see what can be reasonably expected in the near term.
Optimization: Higher Adoption is Where True Value Lies Cover
Abstract: Optimization is the ultimate sourcing strategy but it is grossly under-utilized. An honest appraisal of its failure to become the de-facto standard approach in all mature Procurement functions is overdue. That’s why this paper starts by taking a look at why adoption rates are historically low before discussing what is changing in the marketplace and how a radical increase in adoption could be just around the corner.
As a buyer, you have heard a lot about optimization, but what you really want to know is if optimization can be used on your problem, scale appropriately, adapt to unexpected developments, and be driven without the help of an expert resource. If you cannot use the optimization solution, and, more importantly, cannot use the solution to interact with your team in the context of a sourcing event, it does not matter how revolutionary the platform is or how many awards the platform has won.
That’s why, in this paper, we’re going to address the often overlooked, but still critical, softer side of optimization in contrast to the harder, more technical side that is traditionally addressed. Why?
The Keelvar Whitepaper: Better Value for Money through Smarter Competition Design
Abstract: Transforming procurement is a significant claim, so can we substantiate it? We think we can, but rst we’d like to take you on a journey, outlining the steps Keelvar have taken to date in making a bold leap forward in facilitating how public sector bodies can leverage optimisation in an easy-to-use manner. Crucially, this innovation also allows these same bodies to meet
a number of key internal objectives including; cost savings, SME access, simplicity, auditability,
compliance and speed.
In short, Keelvar is bringing a change in mindset to the procurement software sector. We believe that redesigning the competition format within an exercise is central to unlocking better value-for-money for clients. Our software is designed to complement any other procurement software tool or portal, adding an intelligence layer to drive ef ciency. And results to date have been impressive.