LevaData has launched the Supply Risk Navigator to help companies rapidly detect supply chain risks, including those caused by COVID-19, and take immediate actions to mitigate them.
LevaData is offering this capability to qualified high-tech companies at no cost for three months. Companies producing medical devices or equipment will receive access at no cost throughout 2020.
“COVID-19 has exposed the supply chain resiliency gaps in most industries and caused significant supply disruptions. To help companies quickly identify and resolve supply continuity challenges, LevaData is offering a free trial of our Supply Risk Navigator during this critical period,” said Rajesh Kalidindi, CEO of LevaData. “We have built a dynamic risk management control center coupled with rapid response capabilities that help supply chain leaders restore stability and increase optionality at a critical moment in time.”
Tapping into hundreds of information sources, including Johns Hopkins Coronavirus Resource Center and data from partners Resilinc and Rapid Ratings, the Supply Risk Navigator gives manufacturers rapid and easy access to an AI platform that’s purpose-built for direct materials sourcing optimization. LevaData has been shown to make product and supply organizations 30% more agile and supply chains more resilient.
“This solution is highly relevant to the COVID-19 situation where companies have been impacted by a variety of supply chain risk events happening simultaneously,” said David Warrick, General Manager, Global Supply Chain at Microsoft. “LevaData can help companies improve supply resiliency when these risks are detected, enabling them to decide and act rapidly.”
How the Supply Risk Solution works
LevaData identifies supply risks early by evaluating each manufacturer’s portfolio data against the ever-changing supply market dynamics. LevaData’s AI engine analyzes signals from a broad range of marketplace activity, community insights and third-party risk sources to generate a risk assessment for the entire portfolio, individual products and commodities.
Once supply shortages have been identified, LevaData generates scenarios designed to minimize disruptions based on a mix of current suppliers and potential sources around the world. Companies can then collaborate with the supply base within the platform to get additional visibility, negotiate and secure supply commits. LevaData’s supply risk solution helps teams proactively analyze and react to situations in days versus weeks, securing the components needed to meet demand and protect margins.
Easy to Get Started
Time is of the essence, and LevaData’s Supply Risk Navigator is designed for speed. It works with each company’s “as is” data and allows rapid onboarding in weeks so companies can realize value quickly. Companies can register at levadata.com/risk to get started.
LevaData helps global enterprises improve gross margins by reducing supply chain costs and risks. The unique LevaData Cognitive Supply Platform is an all-in-one solution for direct materials sourcing optimization, enabling companies to detect and respond quickly to new supply risks and cost-savings opportunities. The LevaData Cognitive Supply Platform analyzes market dynamics, flags when there are new opportunities or risks, and gives teams everything needed to take decisive actions to improve margin. 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. For more information, visit www.levadata.com.