Leva is an intelligent advisor built on our cloud-based Cognitive Sourcing™ Platform. It applies artificial intelligence and predictive tools to both market intelligence and enterprise procurement data sets. Leva is on a constant, real-time search for savings opportunities and supply chain risks. It recommends what you should negotiate – and exactly when – for maximum leverage. With Leva, your business can take strategic actions that transform sourcing into a competitive advantage. These are Leva’s skills:
The foundation for Cognitive Sourcing is complete, real time visibility. Leva provides a 360° perspective, harmonizing your internal view of enterprise information with relevant external insights, across multiple tiers of your supply chain.
Leva predicts the impact of market dynamics and internal spend drivers across suppliers, parts, products, commodities, and regions. Anticipate emerging shifts and enable proactive decisions, months ahead of your competition.
Leva expands how you benchmark your performance in completely new ways. You can incorporate new intelligence from a variety of sources, such as part matching, community trends.
Leva constantly explores all relevant information sources, intelligently identifying emerging risks and opportunities as changes occur, and directing them to the relevant team members for review and action.
Leva recommends the best negotiation levers to use for each suppler or scope of spend. It learns from each negotiation over time to improve outcomes and predict probability of target cost achievement in the future.
With Leva, users can act immediately on specific recommendations, identified market opportunities, or planned sourcing events. It allows selection of a combination or mix of suppliers, products, and parts for participation in a request for quote (RFQ) process. Leva streamlines the entire quote to award process, including supplier collaboration, status monitoring, and execution of awards in an intelligent and easy to use process.
Leva’s optimization algorithms can be used to simulate awards, compare scenarios, and balance tradeoffs to meet multiple goals for the company overall.