LevaData goes beyond risk detection to assess the impact on your portfolio, provide recommendations and engage suppliers to execute your plan.
LevaData’s Supply Risk Navigator is highly relevant to the COVID-19 situation, where companies have been impacted by a variety of supply chain risk events happening simultaneously. LevaData can help companies improve supply resiliency when these risks are detected, enabling them to decide and act rapidly.
General Manager, Global Supply Chain
With LevaData we have all of our information in one place. We’re able to drive forward using cognitive tools and identify the best opportunities for driving cost and mitigating risk.
LevaData enables customers to deploy next-generation risk monitoring, detection and response, with real-time event monitoring, impact analysis on current and future direct material spend, and accelerated response times to mitigate or resolve issues.
VP, Global Supply Chain Sourcing & Procurement
Speed is always essential to growth. During a crisis however, it’s a requirement for survival. Spending days to look up part numbers and call suppliers won’t cut it, so LevaData applies AI to our network of parts and suppliers to improve your uploaded data, identifying errors and filling in gaps. From here, you’ll immediately have a comprehensive view of your situation so you can plan next steps in hours - not days.
LevaData’s analysis covers a wide range of data sources, with the most actionable insights generated by our unique community of buyers and sellers. The system applies AI-driven algorithms to marketplace activity totaling $70 billion (and counting), to discern inflection points in demand, lead time and other parameters. Incorporating your spend data and sourcing goals results in a comprehensive view of the threats and opportunities facing your portfolio.
It’s not enough to identify the risks you’re facing. LevaData drives agility with tools to optimize your plan and orchestrate a response. Build a scenario with suppliers and contract manufacturers that aren’t shut down by the coronavirus, collect their responses and award jobs - all within the platform. Your dashboards and recommendations will automatically update as the situation evolves, so you can handle tomorrow’s emergency, too.
LevaData applies data science to predict the spots that are most likely to face Covid-19, and other disruptions. These predictions are applied to your supply chain to identify high-risk suppliers, so you can address problems before they even emerge.
Explore LevaData’s recommended scenarios, and build new ones with the mix of parts, suppliers, regions and the specific risks you want to optimize for. Review them side-by-side to evaluate pros and cons, and select the optimal plan to move forward with.
LevaData Smart RFX has all of the tools needed to put your plan into action. Manage the entire Quote – Bid – Award process within the platform to track responses, identify next steps and optimize your supplier mix.
Sign up for platform access
Provide the part numbers and supplier sites for your portfolio
LevaData identifies gaps and errors in the data
See the risks in your portfolio.
Optimize a scenario for supply stability
Engage suppliers with built-in RFX capabilities
LevaData flags the spots where you’re most likely to experience supply shortages, based on your supplier sites.
IDENTIFY SUPPLY GAPS
Analyze potential supply shortages by evaluating multiple sourcing scenarios against risk data and revenue margin impact.
The analysis includes an outlook on each supplier’s financial health, so you’ve got a heads-up on the providers that might not be around next month.
LevaData is the only platform that goes beyond analytics, with recommendations on scenarios that minimize supply disruptions.
LevaData recommends suppliers based on their risk profile, and prioritizes based on their lead time and cost. You can select from these options or add additional suppliers to consider.
You can also get recommendations on parts with more availability or lower costs. See components that meet your form-fit-function requirements, and send them directly to your engineering team for review.
In addition to LevaData’s recommendations, you can develop a range of scenarios and explore their potential impact across your products and sub-commodities. Prioritize elements like cost, lead time and supply commitments, and compare scenarios to evaluate pros and cons.
LevaData has all of the RFX tools needed to put your plan into action. Manage the entire Quote – Bid – Award process within the platform to track responses, identify next steps and optimize your supplier mix.
01. REQUEST UPDATES
First, find out whether your current suppliers can deliver on the units you’ve already contracted. Ship RFIs to every at-risk supplier or contract manufacturer, and LevaData will track their updates on pricing, supply availability and lead times.
02. REVIEW THE LATEST
Your dashboards automatically update as completed RFIs come in. Use the latest info to optimize your mix of parts, spend and suppliers.
03. SHIP RFQs
Easily ship RFQs to the selected suppliers, along with any messages or negotiation levers you’d like to include. LevaData tracks the status of each RFQ and notifies you when they’re completed.
04. SIMULATE THE MIX
As the quotes come in, you can review updated scenarios, compare options, and share with coworkers.
05. AWARD JOBS
With updated information and supply risks accounted for, you can select the scenario, issue awards and close RFQs. In days versus weeks you’ve analyzed the situation, optimized a plan and taken proactive steps to mitigate risk and protect margins.
Easy to get started
Self-service data import
See your global supply chain risk dashboard
Built-in supplier collaboration for instant actions
Easy to buy
LevaData is available as a subscription license so there is no capital expense required
Standard MSA and DPA
Easy to support
Load your data “as is”
White-glove integration services available