LevaData operates in the supply chain management and procurement sector, focusing on helping businesses optimize their sourcing and procurement processes. The company uses artificial intelligence (AI) and predictive analytics to provide tools that enable large corporations, such as Zebra and Bose, to make data-driven decisions regarding their direct material sourcing. This approach leads to cost savings, improved gross margins, and better management of human capital. LevaData offers its services through a software-as-a-service (SaaS) model, where clients pay a subscription fee to access the platform. Unlike traditional procurement methods that rely on spreadsheets, LevaData's platform provides actionable insights from data, which has been recognized as a significant advantage in the industry. The goal of LevaData is to transform procurement practices for large corporations, helping them save time and manage spending more effectively.

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For several years now, Spend Matters has been collecting and publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market. This year we’re highlighting the customer demands, market movements and advances in procurement tech that are exciting the world of solution providers, how they expect them to shape the S2P landscape next year and how they plan to respond to them. Our series runs from mid-December to mid-January, then our senior analysts will wrap up with their own take on the key themes that emerge.In no order of preference, other than by the date they arrived in our inbox, today let’s hear from Keith Hartley, CEO of LevaData.The corporate mentality concerning AI will shiftWhile AI constitutes a significant 18% portion of the $400 billion cloud market, its potential remains largely untapped. The ambiguity around AI definitions and the difficulty in monetizing it, particularly generative AI, has created a landscape of unfulfilled promises and underwhelming results. In fact, many of these so-called ‘revolutionary’ AI developments have failed to deliver on their hype.In my projection for 2024, I anticipate a shift in corporate mentality. Companies and their leaders will shed their FOMO (Fear of Missing Out) and instead embrace the challenges associated with altering ingrained processes

New Year Insights For The Procurement Solutions And Services Marketplace 2024: Levadata

On 14 May 2019 LevaData, the company that delivers applied AI to transform strategic sourcing and procurement,announced the launch of LevaData NPI (New Product Introduction), a solution extension of the LevaData Cognitive Sourcing Platform.

Strategic Sourcing Solution Market to See Booming Growth | Prokuria, Medius, ProcurePort, Fairmarkit, Xeeva

LevaData will publicly release a new generative insight report each month.

LevaData Launches New Generative Insight Report Providing Unique Market Intelligence on Component Lead Times and Part Risk Trends

PLEASANTON, Calif--( BUSINESS WIRE )-- LevaData, the company behind the industry-leading AI-powered supply management platform, today announced it has been recognized for the third year in a row as a Sample Vendor for Autonomous Sourcing and Prescriptive Analytics in the Gartner Hype Cycle for Procurement and Sourcing Solutions, 2023 report (July 2023).

LevaData Recognized for Third Year in Two Categories in the Gartner ® Hype Cycle™ for Procurement and Sourcing Solutions, 2023 Report

LevaData has made it easier for clients to track spending and lead time.The supply management firm has updated its artificial intelligence (AI)-powered platform that lets customers get deeper insights “down to the parts and ingredients level,” LevaData announced in a news release Monday (April 3).“Unprecedented volatility and ongoing economic uncertainty have forced companies to look closely at how they can gain complete data visibility and, most importantly, turn all this information into meaningful insights to make intelligent decisions about their direct material sourcing,” the company said in the release.To that end, LevaData said in the release it has enhanced its lead time visibility, offering to give customers a deeper picture of evolving trends.“When armed with this insight, users can review manufacturer lead times within the same commodity areas and proactively identify alternative suppliers to ensure supply continuity and resiliency,” the company said in the release.LevaData has also updated its spend intelligence solutions so clients can get a broader view of the breakdown and flow of spending to help them determine places they can save, according to the release.Businesses across the economy suffered from supply chain breakdowns during the pandemic. Now, those companies are increasing their investments in upgrades to prevent, or at least lessen, disruptions to their procurement processes.That’s according to research in PYMNTS and Corcentric’s March report, “Digital Payments: Modernizing Procurement Processes,” which found that investments in logistics and supply chain management innovation should be at the top list for businesses that wish to bolster their procurement functions and drive greater operational resiliency.Businesses in industries that depend on supply chain stability to get their products to customers said they plan greater investment in modernizing their procurement functions, especially manufacturers and retailers at 55% and 54%, respectively.Executives in the finance, insurance and healthcare fields also told PYMNTS they recognize the importance of a smooth procurement process to their businesses’ success.Roughly a third of healthcare companies (34%) said they plan to invest further in their logistics and supply chain management systems, as did 40% of finance and insurance companies.For all PYMNTS B2B coverage, subscribe to the daily B2B Newsletter

Levadata Debuts Update Of Supply Management Platform

Keith joined the LevaData team in 2022, but he isn’t new to procurement – and he has deep experience helping manufacturing companies drive better decision making through the use of data.

[Pod] Direct Spend Management and the Ultimate Darwinian Sport w/ Keith Hartley | Art of Procurement

Pixabay. For several years now, Spend Matters has been collecting and publishing a series of  articles about predictions and insights on procurement, supply and services trends for the year ahead from expert tech and service providers in the market. This year is no different and we’ve framed the subject around “insights,” highlighting providers' observations from the year they’ve left behind and how they see them shaping the year ahead

New Year Insights For The Procurement Solutions And Services Marketplace 2023: Levadata

In October 2019, LevaData, a Supply chain & procurement optimization solution provider collaborated with IBM Corporation to augment its data analytics capabilities.

Spend Analytics Market is set to Fly High Growth in Years to Come |Coupa Software, Zycus, Ivalua, Oracle

SAN JOSE, Calif.--(BUSINESS WIRE)--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

Levadata Appoints Supply Chain Transformation Leader Keith Hartley As Chief Executive Officer

Levadata Appoints Supply Chain Transformation Leader Keith Hartley As Chief Executive Officer | Business Wire

AI-driven supply chain optimization platform

Levadata

AI-driven supply chain optimization platform

Levadata

AI-driven supply chain optimization platform

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