Cognitive Sourcing Release 21.09
September 27, 2021
COGNITIVE SOURCING RELEASE
This document describes the final scope for Cognitive Sourcing Release 21.09. It is
intended as a reference for LevaData Customers.
This document is not a comprehensive list of every addition, change, or deletion in this
release. No legal commitment, either expressed or implied should be construed from this document.
Customers that would like additional information on any of the items in this document can contact firstname.lastname@example.org or their Customer Success Manager.
Table of Contents
Enhancements to the Platform
Enhancements to Supply Risk Navigator
Part-Site Mapping via RFI
1. Enhancements to the Platform
A. Integrated Dashboard
With this release we are introducing a concept demo version of our new integrated dashboard framework. In the future, we will build out rich self service and configurable capabilities building on this framework.
LevaData has many features and sections that optimize a customers workflow and provide awareness to risks and opportunities to mitigate or attain. The integrated dashboard summarizes key metrics from those LevaData platform sections to enable total awareness at a glance. Consistent UI/UX and formatting enables a customer to instantly be familiar with a metric card. Focus is given to metrics by showing top results or color coding that brings awareness to suboptimal metrics. Enticing visuals attract the user's focus to quickly see areas of opportunity or concern. Each metric card links to a platform page that enables more detailed analysis and explanation of the metrics summarized in the metric card. Hovering over objects in the metric card present tooltips that provide definition.
Future enhancements will enable:
● Configuration and creation and placement of the metric cards
● Customization of metrics in a metric card
● Tooltips with expanded text and video explanation of metrics and full metric card
● Options to assign actions directly from metrics.
Note: initial release intended for demonstration only and not for enabling tenants.
Individual Metric Card explanations are below:
Available Savings - Total of all Opportunity Savings for
each Opportunity type in Next Quarter
Spend % - Available Savings as a % of Total Spend
X-axis - is Opportunity type in order of precedence (hover
over each circle will identify the specific opportunity type)
Y-axis - Total Spend in ascending order towards top
Bubble size - Total amount of $ Savings Opportunity
Default view is Next Quarter.
Resiliency - Supply risk represents CPN exposure to risk that could contribute to potential negative business impact.
High Risk Spend – Total CPN Spend at “High” or “Very High” risk level based on the CPN Likelihood
Spend % – Total % of spend at “High” or “Very High” risk level per above calculation
Products Risk - Total products by risk level. Product count based on product risk aggregated likelihood (% products) at “High” or “Very High” risk
Manufacturers Risk – Total manufacturers by risk level. Manufacturer count based on manufacturer risk aggregated likelihood (% manufacturers) at “High” or “Very High” risk
Single Sourced – % of spend where CPNs have only (1) MPN
Years to EOL - % of spend where unique MPNs have YTEOL risk at “High” or “Very High” risk level (defined as 1 < eol < 3 years.)
Lead Time - % of spend where unique MPNs have Lead Time risk at “High” or “Very High” risk level (defined as >12 weeks. )
Financial - % of spend where unique MPNs have Financial Risk at “High” or “Very High” risk level rating (defined as “1” and “2”.)
Industry Alerts - News and Events represents a summary of curated trending news topics and events impacting customer’s supply chain.
Active Events - Count of active Events at tenant currently being remediated. Active Event = any Event in status “In Review” or “In Mitigation”
Spend - Aggregated spend of CPNs impacted
CPNs - Count of CPNs impacted
Top Active Event - Aggregated spend of CPNs impacted, Event type, Link to news article that triggered the event, and age of event alert. If no Active events then Newest Event will appear in this place
Newest Active Event - Aggregated spend of CPNs impacted, Event type, Link to the Event, and age of event alert Word Cloud - Most common words from relevant news
articles from previous day
Top Lead Time Trends - sub commodities in descending order of greatest absolute % change in average lead time value.
Timeframe - current month over prior 3 months. (Ex: June compared to March, May compared to February, April compared to Jan, etc.)
Colors - Gray represents prior 3 months period leadtime status being compared. Red indicates longer leadtimes and Green indicates shorter leadtimes.
On Target Cost - % of program count where target costs = or less than program target cost
High Risk - % of programs with BOM risks at “High” or “Very High” level
On Time - % of program count where Stage and Checkpoints have been completed by or on their deadline date
X-Axis - column sections in order of stage progression and are header titles for each stage, circles are sorted by stage deadline date.
Circle Size - Sized by Count of BOM Risk
Circle Color - Gray, unless a Stage or Checkpoint is past due then Red.
Y-Axis - % of total program cost of Target cost. Adjust to plot “Over” vs “Under” Target Cost.
(Ex: $50 current cost vs Target of $75 = 67% Under Target) (Ex: $80 current cost vs Target of $60 = 33% Over Target)
RFQ Count - Count of RFQs in current quarter (RFQs that were created or awarded within the current quarter)
Savings - Awarded $ Savings achieved in current quarter
% of Target - % of Awarded Savings achieved compared to Total Target savings in current quarter
RFX Closed - % of RFQs in Closed state
RFX Response - % of RFQs that received responses
Chart - Circles segmented by RFQ Status, sized by total RFX spend, colored gray.
Red Circles - RFQ has remained in a stage other than “Awarded” for more than 60 days.
Timeline - RFXs in any state within the current quarter and RFQ bubbles are listed in increasing aging order at each state.
Note: information in this view are based on users permission access to RFQs
Spend and Savings - Procurement Performance represents a summary view of historical and future spend along with recent savings and spend growth
Savings - Total amount of savings achieved from most recent previous historical period.
Spend Growth - Total amount of additional spend from previous period
Spend Bar Chart - Total spend by quarter as columns for most recent 4 quarters historical and current and future 4 quarters as default view.
Dark Blue bar - Total amount of historical spend in that period
Light Blue bar - Total amount of spend in current period
Gray Bars - Remaining or forecasted spend in that period.
% Change Savings Line Chart - Line is % change in savings from previous periods. Historical and Current periods will be solid. Future periods will be dashed line.
Line segment of negative to positive % savings (or continuous positive % savings) colored green and Line segment of positive to negative % savings (or continuous negative % savings) colored red.
Data Health - Data Readiness represents the % of spend that was most freshly uploaded/updated, enhanced with additional attribute data, containing no errors or missing data; therefore, able to provide risk and opportunity awareness.
Data Quality - average of the 4 attributes ratings to generate a single health % number on a scale of 0-100%. The higher the number the better
Freshness - % spend with the most recent date of customer data uploaded/ updated.
LevaData Enhanced - % spend that received a LD commodity classification or LD vendor alias or have one of the following attribute values: Lead Time, YTEOL,
Date of Introduction, or an FFF alternatives for an MPN.
Data Errors - % spend of MPNs that have one of the following attribute values: non 100% totaling splits, cost or lead times outside AI determined range, or extra alpha
characters enclosed in parenthesis Ex: “ABC123 (Murata)” or “ABC124 (DO NOT USE)”
Missing - % spend without an MPN or MPN has $0 cost
2. Enhancements to Supply Risk Navigator
A. Risk RFI
You can now use RFIs to collect information about your parts and vendors. This
capability is available for Supply Risk Navigator customers. Please contact your
customer success representative if you would like to get this enabled.
Supply Risk Navigator enables creation of RFIs via the Risk RFI menu item (1). Parts
to be included in the RFI are defined through the creation of filters (2), selection of
filters (3), selection of specific parts (4), and finally invocation of the Create RFI button
(5). The user is then sent to Smart RFX, where the user can select from available
templates (e.g., Supplier Capacity, Part-Site mapping) depending on the user/company
configuration, in order to send the RFIs to vendors.
The user can also look for Alternate Parts by selecting the Alternate Parts Button (6) in the figure above. Parts for which alternates are available in the LevaData community are shown highlighted in lavender.
Selection of “Alternate Parts” brings up a new screen where the user is presented with
both the selected “base parts” in the top panel and available “alternate parts” in the
lower panel, which offers the same create filter, select filter, select parts, create RFI(1)
functionality described above. Additionally, the Alternates RFI offers a set of scenario
filters to further limit the alternates to be considered (e.g., show only FFF alternate
parts on the customer AVL).
Create Alternate Parts RFI
B. Part-Site Mapping via RFI
You can also use Supply Risk Navigator’s RFI capabilities to collect of Part-to-Site
mappings from your suppliers. The user creates the RFI, using the Part-Site mapping
template to request suppliers to provide manufacturing site(s) for the selected parts.
SmartRFX then distributes the RFI to the manufacturers for completion according to
Standard SmartRFX functionality.
With this release we have added the ability for Vendors to add and maintain their sites
in the vendor portal. Vendors can map parts to the sites that they maintain in the
C. Events Beta
Supply Risk Navigator Events Tracking is a Beta feature while the Machine Learning
Models to scan global media and create events are being continuously improved.
Please contact your Customer Success Director if you would like to discuss
participation in the feedback collection process to help LevaData train our models.
In addition to the Auto-generated events, users can add their own events, add event
details and tag events to news. In this release, several new capabilities are now
Create (customer-owned) events based on News
Upon reading News that the user would like to track as an event, the user can create an event directly from the News screen. Upon selection of the edit button for a News Article, the user is presented with a pre-populated Event details screen. The screen is pre-populated with default details based on News MetaData extracted for the document via the LevaData Machine Learning Algorithms. These include Event title
and a brief description, Event Type (e.g., Environmental, Manufacturing Shutdown
etc., and an indicator and potentially impacted suppliers, geographic locations or
supplier sites. The user can edit these or add additional news by expanding the
Create an Event from this News Article
Pre-populated Event Details
Edit Event Site/Location Details
The Event Details screen now includes Event Metadata, and has been reformatted to
enhance user consumption of the data: