It’s impossible for sourcing and NPI teams to absorb the overwhelming amount of information available, let alone translate this data into actions that improve the business. LevaData acts as your cognitive advisor, applying AI to a range of data sources to serve up the most relevant recommendations, insights and predictions.
LevaData is built on a cognitive platform is the basis for a system that provides signal monitoring, decision analytics, intelligent actions and an executive center across all of our products.
Scans the ever-growing streams of market activity, news and cost projections with your organization in mind. Once the data is analyzed, LevaData automatically alerts you to the most relevant opportunities or risks.
Turns relevant marketplace insights into customized recommendations. Identify the moves that will materially improve your price or risk position, and forecast your direct material costs, savings and time-to-margin.
LevaData goes beyond business analytics with built-in capabilities to execute your plan. Intelligent Actions range from customized playbooks for key negotiations to automated RFx processes that speed up routine work.
One of the things that LevaData is doing is changing the way we think about cognitive sourcing. Technology itself can't solve everything. It has to work with human beings in order to get the best results. LevaData has integrated these two components of the supply chain process: the human elements and the technology.
The goal of Lenovo’s relationship with LevaData is to build out and measure new capabilities that leverage AI and machine learning across our sourcing function, ultimately helping to transform procurement.
VP, Global Supply Chain and Chief Procurement Officer
LevaData is focused on the right aspects of sourcing - from learning to sensing to recommending to acting, in an almost continuous fashion. This signifies that the digital automated intelligence sourcing scenario is here.
Mickey North Rizza
Program VP, Enterprise Applications & Digital Commerce
Share your real-time spend, competitiveness and risk position, so product, engineering and finance teams can make the best decisions for their organizations.
LevaData analyzes information from a range of sources to identify the most relevant insights for your business.
LevaData connects with your ERP, S&OP and Product Lifecycle Management systems to capture data that fuels customized recommendations for your business. You can bring in your operational and planning data via direct API or periodic bulk uploads.
LevaData’s proprietary insights, benchmarks and trends are essentially crowdsourced from the real-time marketplace activities of our Fortune 500 and mid-sized customers. Their combined $75 billion spend is monitored on a range of price, trend and performance measures, with commodities classified into our universal canonical system.
LevaData incorporates your suppliers into our ever-expanding network of providers for a complete picture of seller activity. The supplier network identifies providers with the part you need at a lower price, and even alternate part recommendations that meet form, fit and function requirements.
LevaData taps into a range of research, public information and news sources to inform the trends and predictions relevant to your business. A massive amount of information is analyzed on ForEx, tariffs, environmental conditions, raw material trends, regulatory activity, supplier financial health and more.
LevaData provides a guided approach to protecting margin.
Low Hanging Fruit
Identify opportunities to adjust splits or rationalize costs across suppliers and plants.
Market Relative Pricing
Spot categories and parts that aren’t in line with market pricing. Identify alternate suppliers and parts that meet form, fit and function requirements.
Identify what market trends indicate your next opportunity or risk might be, and determine how to leverage resources now to optimize outcomes.
Prioritize & Attack
Use Negotiation Playbooks to set the strategy and determine your likelihood of achieving it. Send our RFQs, simulate scenarios and lock in savings.
Cut time spent on negotiation prep and bid analysis by as much as 80% and respond to market opportunities in clicks versus weeks. With LevaData’s support of the RFQ process, you can act immediately on recommendations and select a mix of products, parts and suppliers to include.
After achieving $1 million in direct material cost savings in a few weeks, a new LevaData customer calculated the system’s value at over $1,000 per hour, for each user.
LevaData’s Cost Optimizer has all of the insights and tools needed to sustainably reduce direct material costs. It’s powered by LevaData’s community of users, which gives you insights and benchmarks from companies that buy the same parts.
See how Cost Optimizer delivers actionable insights and recommendations for reducing costs.
LevaData’s Supply Risk Navigator has everything you need to analyze supplier risk, evaluate your options, and make fast decisions. It provides a global view of your portfolio and commodity exposure across your suppliers, parts and products.
See how Supply Risk Navigator gives teams an AI-powered war room.
Seize the opportunity to cut significant costs and risks during the product design phase. New Product Accelerator’s embedded market intelligence and cross-team collaboration tools help you develop the most profitable and reliable supply of direct materials for new products.
Read more on New Product Accelerator’s ability to speed your time to market.
Easy to implement
Import your data “as is”
Get a competitive cost analysis
Training provided for improves supplier negotiations
Easy to buy
Available as a subscription license, so a capital expense isn’t required.
Standard MSA and DPA
Easy to support
Automatic data correction
Integration with your existing systems
Pay a straightforward license fee
Pay the annual fee directly from your savings
Customize your goal and accounting for recognized savings