eProcurement – Samsung’s Sourcing Transformation

Recently, Samsung identified that its sourcing arm had emerged as a critical area which was ripe for modernisation and decided to work with award-winning sourcing software vendor Keelvar to revolutionise it through eprocurement optimisation.

Following an internal sourcing benchmarking study, Samsung and Keelvar recognised the need for an evolution of the Korean tech giant’s sourcing automation. It also identified opportunities for eprocurement optimisation across all spend categories, including direct, indirect, and packaging, and committed to optimising every corner of Samsung’s procurement sector.

This was achieved through Keelvar’s revolutionary AI sourcing bots. With this technology, Samsung was able to automate huge sections of its procurement arm which enabled it to respond with agility to large-scale, network-wide domestic and global annual bids, and the more frequent regional spot bids which react to day-to-day market changes and disruptions. On top of this, Keelvar’s technology is able to adapt and learn, meaning it gets better at its job the longer it is installed.

"Time-to-value is a critical ROI metric for many procurement and sourcing teams, and sourcing optimization can deliver strong, measurable transformation benefits in very short order,” explained Alan Holland, CEO of Keelvar. “It's important to hear these real-world, proven examples of how sourcing events can be launched quickly, often in a matter of days, and then supplier award scenarios analyzed efficiently, thanks to modern user experience design and automation."