LevaData and IBM have partnered to transform direct procurement
Cognitive Sourcing Represents the Future of Procurement
Artificial Intelligence, automation, blockchain and the internet of things are revolutionizing the core processes and workflows of the procurement function. LevaData and IBM are embracing the idea that intelligent, agile supply chains are designed to learn from experience, creating greater reliability, transparency and competitive advantages for procurement teams. This partnership combines IBM’s expert managed services with LevaData’s Cognitive Sourcing Platform to deliver a new cognitive analytics and direct procurement sourcing services solution, DirectSpend IQ. This new solution delivers:
- Insights and recommendations for cost savings opportunities and the detection of potential risk
- The adaptation of workflows to take advantage of cognitive capabilities, creating instant intelligence and connected experiences
- High quality proprietary data that’s mined proactively for actionable insights that lead to improved opportunities and decreased risk
- Increased transparency and more accurate information, allowing for the integration of processes across organizational boundaries for increased agility
Find out how IBM and LevaData can help you develop procurement into a competitive advantage.
LevaData helps global enterprises improve gross margins by reducing supply chain costs, with a focus on delivering measurable and accountable supply chain solutions and strategies that transform companies. The unique LevaData Cognitive Sourcing™ Platform allows customers to sense, recommend, act and learn. Customers include leaders in the top global supply chain organizations, as well as medium-sized OEMs seeking to achieve best-in-class direct materials sourcing practices. LevaData is headquartered in San Jose, California.