What is LevaData and how does it function? LevaData is an AI company that aims to enhance supply chains worldwide. By analyzing customers’ procurement goals and real-time market activity, their Cognitive Supply Management software generates predictions and personalized recommendations. With efficient collaboration and quick decision-making capabilities, the AI-powered system continuously seeks to reduce expenses and mitigate risks. LevaData provides access to a vast network of suppliers and market data to help users find the most reliable and cost-effective supply options. Additionally, their software includes a supply risk navigator, allowing users to assess their exposure across suppliers, parts, and products. This comprehensive solution enables users to identify risks, evaluate alternatives, and make informed business decisions. LevaData also offers a product accelerator feature that streamlines the development of optimized product BOMs, enabling faster and more profitable product launches. With LevaData, users can achieve a two-month time-to-value advantage, ensuring a quick ROI and improving gross margins by 1-3%.
