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Optimize Procurement Decisions, Achieve Cost Savings, and Drive Effective Strategic Sourcing for Your Direct Materials
Optimize Procurement Decisions, Achieve Cost Savings, and Drive Effective Strategic Sourcing for Your Direct Materials
Company provides global enterprises with a competitive advantage through direct material sourcing as their need to reduce costs and navigate ongoing market volatility intensifies.
Read the original Press Release here.
San Jose, Calif. – November 8, 2022 – LevaData, the industry-leading supply management company that is transforming direct material sourcing through its integrated artificial intelligence (AI) platform for cost and risk optimization, announced today its board of directors has appointed Keith Hartley as Chief Executive Officer. Hartley immediately assumes the day-to-day leadership of the company and joins LevaData’s board of directors. LevaData’s Founder Rajesh Kalidindi will remain actively involved in the company as a member of the board of directors.
Hartley’s leadership and experience in the supply chain space will help LevaData’s customers obtain even greater value from its industry-leading platform. Hartley is a global supply chain thought leader and executive, with a proven track record of strategic planning and business execution in the enterprise software space, and he most recently served as SVP of Sales at Ivalua. Prior to that, Hartley led all manufacturing sales at Blue Yonder, where he was responsible for verticalizing the go-to-market operations for the Americas region. He has also held senior sales leadership positions at Oracle Corporation and other leading software companies.
Global supply chains continue to experience significant and unprecedented challenges. Volatility has led to board-level dialogue to improve supply continuity and provide deeper market intelligence that only digital transformation can deliver. Companies must think differently and execute more decisively. LevaData offers supply management teams the predictive insights they need to act before costs and events affect their margins or speed to market. Many of the world’s largest brands rely on LevaData to improve their direct materials sourcing process. With $95 billion in annual spend on LevaData’s platform, companies are realizing an average of 1-3% of improved margin from cost savings within the first two months.
“I’m proud of how much the team has accomplished since we started the journey nine years ago,” said Kalidindi. “I founded LevaData after directly experiencing the challenges supply chain professionals face every day as they manage multibillion dollar spend portfolios involving thousands of parts across hundreds of suppliers. The complexity and expectations have only continued to increase and the need for a platform like ours has never been greater.”
“Rajesh and the team have built a powerful foundation with leading companies around the world utilizing LevaData’s platform to power their supply chains and benefiting from millions of dollars of cost savings,” said LevaData’s Chairman Angel Mendez. “Keith will take LevaData to the next phase with his passion for helping companies drive outcomes through the better use of technology. His results-driven leadership is a strong fit with the LevaData culture, combined with his experience creating agility and sustainable value for customers.”
“I am incredibly excited to assume this new role helping LevaData’s customers transform their supply chains with our unique offering that delivers immediate cost savings and business value. We have an exceptionally talented team at LevaData and we will stay focused on taking decisive actions to shape the future of the industry, continuing to innovate our product in new and diverse ways and unlocking future growth opportunities,” said Hartley.
About LevaData
LevaData’s integrated, AI-powered supply management platform is transforming direct material sourcing and enabling companies to manage cost while reducing risk. We power the smartest supply chains in the world by constantly analyzing business objectives against real-time market activities and community intelligence. We are trusted to deliver improved margins, control risks, generate new product velocity, and achieve multitier supplier engagement with purpose-built tools for quick collaboration and decisive actions. LevaData provides companies with a competitive advantage through transformational, predictive insights. Our customers include large and complex enterprise companies and small- and medium-sized OEMs seeking to achieve best-in-class supply management practices. For more information on LevaData, visit levadata.com.
Press Inquiries
Melissa McDonald
Corporate Ink for LevaData
617-969-9192
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