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New Spend Awareness and Market Intelligence Capabilities Help Teams Reduce Costs and Improve Supplier Negotiations

July 14, 2023

LevaData continues to add new industry-leading capabilities to our AI-powered platform for direct material sourcing. Learn about our latest Platform Release which was rolled out this week with additional spend awareness enhancements and new market intelligence features. These updates provide sourcing and procurement teams with additional insights to evaluate and source raw materials at lower costs, rate vendors across critical factors for negotiations, and comparatively analyze their spend data.

Here’s What’s New

Enhanced Spend Awareness

     
  • View Supply Chain Flow based on historical Spend Awareness.
  • Review spend under management and spend change in the dashboard view for the time periods selected, as well as critical counts.
  • Select exact time filter preferences in the Detail Table.
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New Raw Materials Trend Awareness

     
  • Monitor raw material price trends to gain awareness of opportune timing for raw material sourcing.
  • Filter to raw materials individually or in groups to view key price trend details.
  • Review historical indexed pricing values of raw materials for reference.
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New Vendor Score Card

     
  • View the financial health and stock performance of your vendors.
  • Track your spend and savings with a vendor over time.
  • Find the top part-based opportunities and risks associated with existing vendors.
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Current customers can immediately log in and start using the new features today.

Not yet using LevaData's AI powered platform for your direct material sourcing? Sign up for our self-guided tour today to learn about all of the features and benefits that you’re missing.

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