SUNNYVALE, Calif.--(BUSINESS WIRE)--LevaData, the company that helps global enterprises improve gross margins by reducing supply chain costs, has been named a 2018 Provider to Watch by Spend Matters, announced this week in conjunction with the Institute for Supply Management (ISM) Annual Conference in Nashville.
Spend Matters reviews the latest procurement technology and service offerings to help organizations make wise and effective vendor selection decisions. Now in its fifth year, the annual “50 Providers to Watch” list is the result of deep analysis and corroboration among all Spend Matters analysts and reflects the publication’s unbiased, independent view of organizations to watch.
LevaData earned the recognition on the strength of its Cognitive Sourcing™ Platform, an advanced cloud platform that continuously identifies savings opportunities and risks by combining market intelligence and enterprise data with applied AI cognitive analytics. The platform enables insight-driven negotiations by combining both internal direct materials spend with market insights and community benchmarking. The company’s flagship product, Leva, the world’s first AI advisor for strategic sourcing and procurement, uniquely combines multiple AI technologies with intelligent assistance to provide supply chain and procurement professionals with maximum purchasing leverage for any given situation.
“We are honored that LevaData has been included in this list of companies doing important and innovative work to improve the supply chain,” said LevaData CEO Rajesh Kalidindi. “Through a shared, outcome-based approach, LevaData ensures that procurement, engineering and sourcing teams can make the right decisions to achieve a positive ROI. We are proud of this recognition for our disruptive innovation in Cognitive Sourcing™ and the value we are delivering to our customers.”
About Spend Matters
Spend Matters is the leading solution intelligence source for procurement and supply chain professionals. Combining deep technology analysis and tailored advisory services with daily news coverage and subscription research, Spend Matters is trusted by CPOs, consultants, investors and solution providers alike as their procurement technology intelligence partner. Spend Matters is owned and managed by Azul Partners, Inc.
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 and markets. 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 privately held and headquartered in Sunnyvale, Calif. For more information, visit www.levadata.com.