Platform Features, Functions, and Data Flow Follow

The LevaData Cognitive Sourcing Platform incorporates numerous key features and processes to help transform your data into actionable insights while providing you critical competitive intelligence.

Key Features of the Cognitive Sourcing Platform

• Integrated Platform: Enables a single version of truth across sourcing, costing, supply chain, and new product introduction.
• Community Content: Organizes and enriches 360-degree sourcing information from your organization, your supply chain, third party market sources, community data, and interaction records.
• Intelligence Orchestration of Actions: Our artificial intelligence (AI) is forward-looking, predictive, and prescriptive. We prioritize and orchestrate actions to help you seize opportunities and mitigate risks.
• Digital Network Collaboration: We transform the strategic sourcing practice, enabling our users to collaborate while receiving critical competitive advantages.

Cognitive Sourcing Platform Functionality and Process

1. We digest your company data
2. We incorporate our analytical methodology across multiple data dimensions
3. We incorporate third party and community data across all our customers and associate it with these analytics
4. We provide persistent risk and opportunity detection
5. We consolidate all of these analytics, insights, opportunities and risks into negotiation strategies for you to execute to lower costs and reduce risks in your sourcing practice
6. We provide intelligence-assisted, insight-driven negotiations for you via our Smart RFX module.

Data Flow within LevaData