Skip to content
Search AI Powered

Latest Stories

Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

LevaData Named a 'Cool Vendor' for 2018 by Gartner

Leva, the Artificial Intelligence-powered Cognitive Sourcing Tool, Drives Supply Chain Cost Savings While Minimizing Risk

SUNNYVALE, Calif. — April 27, 2018 — LevaData, the company that helps global enterprises improve gross margins by reducing supply chain costs, has announced its inclusion in the list of "Cool Vendors," in Cool Vendors in Strategic Sourcing Applications, by Patrick Connaughton, Magnus Bergfors, Desere Edwards, Will McNeill, and Kaitlynn Sommers, 2018,[i] a report published this week by Gartner, Inc.

The company's flagship product, Leva™, is an AI advisor built on a proprietary Cognitive Sourcing™ Platform that guides organizations through sourcing risks and savings opportunities, providing supply chain professionals with a new way to create value for their organizations.


Leva™ constantly scans changes in enterprise spend and market intelligence and reviews over 5,000 news sources for insights that help provide proactive guidance and optimized decision-making to improve outcomes from sourcing events. Leva also delivers predictive modeling and machine learning capabilities that assess over 40 "levers" for procurement teams and recommends the best negotiation strategies to use, based on context, timing and sequence. Additionally, Leva offers personalized insights by job role - including procurement, finance, manufacturing and engineering - for optimized decisions in the face of complex sourcing issues and large data sets.

"Selection as a 'Cool Vendor' by Gartner is truly an honor and a powerful validation of our strategy," commented Rajesh Kalidindi, Founder and CEO of LevaData. "We believe that giving strategic sourcing organizations both the insights and tools to be more effective is the path to more tightly integrated and effective supply chains, with the benefit of saving clients both time and money."

Why LevaData is 'Cool'
According to the report, a reason that LevaData received the "Cool Vendor" designation is because it improves agility - reducing the time spend analysis and negotiation strategy development, noting that one customer's sourcing team now prepares for sourcing events in just a few hours, as opposed to a month. Gartner also cites Leva™'s AI-powered ability to gather market data and provide dynamic recommendations - as well as the ability to rapidly generate a Request for Quote (RFQ) - as key ways in which the LevaData solution helps companies respond much faster to the changing needs of the business.

And Who Should Care?
In terms of "who should care" about LevaData, Gartner observed that direct materials strategic sourcing and commodity management teams at manufacturing organizations in industries like automotive, medical devices and high-tech should examine LevaData's offering. Gartner further stated that sourcing and procurement professionals with a goal of moving from discrete sourcing events to a continuous category management model should look to Leva as a possible solution.

Disclaimer:
Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About LevaData
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.

More Info: https://www.levadata.com/about/press-releases/levadata-named-cool-vendor-2018-gartner

Recent

More Stories

GEODIS to Hire 3,700 Seasonal Workers for Peak Season

GEODIS to Hire 3,700 Seasonal Workers for Peak Season

GEODIS, a leading global logistics provider, today announced plans to hire 3,700 seasonal workers across its campuses in the U.S. and Canada to help manage the expected rise in volumes during peak season. This hiring initiative will bolster the company’s operational capacities in its warehouses and distribution centers in preparation for the holiday season, a time when consumer demand surges.

Keep ReadingShow less

Featured

Nulogy Announces ASCM Connect 2024 Session

Nulogy Announces ASCM Connect 2024 Session

Nulogy, a leading provider of supply chain collaboration solutions, is hosting a session during the Association of Supply Chain Management's ASCM Connect 2024. Nulogy, Kinaxis and Colgate-Palmolive executives will present “Orchestrating Digital Transformation: Nulogy & Kinaxis Empower Colgate-Palmolive’s External Network” on Monday, 9/9/2024, 3:45 - 4:45 p.m. CT in Ballroom E, Level 4.

In an era when digital transformation is paramount for sustainable growth, Colgate-Palmolive stands out as a leader in the consumer packaged goods space. With a strong digital transformation vision and strategic partners that tout the technical capabilities and expertise to bring it to life, Colgate and its extended supply network has been able to reap the benefits of digitally-infused agility, resilience and efficiency to outcompete in today’s marketplace.

Keep ReadingShow less
Orchestrating the Future: PepsiCo/FLNA's Warehouse Transformation with AutoScheduler.AI's AutoPilot

Orchestrating the future: PepsiCo/FLNA's warehouse transformation with AutoScheduler.AI's AutoPilot

Austin, TX - (September 3, 2024) – AutoScheduler.AI, an innovative Warehouse Orchestration Platform and WMS accelerator, announces the company is sponsoring a webinar hosted by DC Velocity magazine to discuss PepsiCo/FLNA’s (Frito Lay North America) warehouse transformation using AutoScheduler.AI’s AutoPilot.

Keith Moore, CEO of AutoScheduler.AI, and Peter Hanna, a leader at PepsiCo, will share how AutoPilot is revolutionizing operations at PepsiCo/FLNA. Faced with rising demand, shrinking margins, and complex operations, PepsiCo turned to AutoScheduler.AI’s cloud-based AutoPilot platform to optimize warehouse operations and improve efficiency, including a 30% increase in product picks per hour.
“PepsiCo has been focused on driving value for customers through innovative supply chain processes that improve fulfillment times, reduce operating costs, and maximize productivity,” says Keith Moore, CEO of AutoScheduler.AI. “Our AI algorithms can prioritize customer orders based on predefined rules and criteria while considering warehouse constraints, which helps to improve customer satisfaction and overall profitability.”
At the free webinar on September 12, 2024, at 2:00 PM ET, attendees will:

Keep ReadingShow less
GreyOrange is Multi-Category Sample Vendor in 2024 Gartner® Hype Cycle™ for Mobile Robots and Drones

GreyOrange is Multi-Category Sample Vendor in 2024 Gartner® Hype Cycle™ for Mobile Robots and Drones

GreyOrange Inc., a leader in AI-driven fulfillment automation, was recently recognized as a Sample Vendor in the 2024 Gartner® Hype Cycle™ for Mobile Robots and Drones report. GreyOrange views its inclusion in four categories – Multiagent Orchestration (MAO), Mobile Sortation Robots, Smart Robots, and Mobile Robotic Goods-to-Person Systems – as confirmation of the company’s role in driving innovation and efficiency within the rapidly evolving robotics landscape. The report focuses on practical applications of mobile robots and drones, leaving detailed technological aspects to other Hype Cycle reports.

The 2023 Gartner Supply Chain Technology User Wants and Needs Survey found continued strong interest in, and deployments of, robotics and automation, with 92% of the respondents saying they were investing, or planned to invest, in robotics over the next two years. GreyOrange believes the 2024 Gartner® Hype Cycle™ for Mobile Robots and Drones report highlights the critical role of mobile robots in transforming supply chain operations and addressing the challenges posed by labor shortages and increasing order volumes. 

Keep ReadingShow less
image001.jpg

ANKUSH MALHOTRA APPOINTED NEW GROUP CEO OF ELEMENT LOGIC

FOR IMMEDIATE RELEASE – MELBOURNE, FL, AUGUST 27, 2024 — Element Logic Co-founder, Dag-Adler Blakseth, passes the baton to Ankush Malhotra effective immediately. 

Ankush Malhotra will be the new Group CEO of the technology and automation company Element Logic. He is taking over from Dag-Adler Blakseth, who co-founded the company nearly 40 years ago, and who is stepping down from the day-to-day operations after 30 years at the helm.

Keep ReadingShow less