Understanding sourcing risk with LevaData Part Risk Intelligence (Video) Follow

In this video, LevaData's CEO, Keith Hartley, will explore our definition of risk and emphasize the importance of comprehending all relevant data concerning the components you are sourcing.

Key Aspects of Risk Intelligence

• Lead Times: How long does it take to receive a part from a supplier or contract manufacturer?

• Vendor Sourcing: Are you dual-sourced, triple-sourced, or single-sourced? Single sourcing is not ideal for resiliency.

• End of Life: How many years are left until the parts reach end of life, and which products contain these components?

• Supplier Financial Health: What is the financial stability of your suppliers?

• Risk Sorting: Can you sort risks based on spend and the dollar amount purchased from suppliers?

Using the Part Risk Intelligence Module

When accessing the part risk intelligence module in Levadata, you'll find:

• Risk Thresholds: Located on the left-hand side.

• Associative Data: Displayed on the right-hand side.

Common Use Case: End of Life Components

One prevalent use case for Levadata customers is identifying end-of-life components:

• With a single click, update all placards with end-of-life components.

• Identify which products contain end-of-life components and the CPN count for those.

• Determine the manufacturers of these components and other risk attributes.

• Access detailed information about your part number, customer part number, manufacturing part number, and other attributes like CMODM and Normalized Manufacturing Name.