LevaData launches AI advisor Leva for strategic sourcing

LevaData launches AI advisor Leva for strategic sourcing

By | October 30th, 2017
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Leva is purpose-built for strategic supply chain and procurement

professionals and uniquely combines multiple AI technologies with

intelligent assistance to drive savings throughout the supply chain.


														
							

Leva’s most significant and transformative innovation is in the area of negotiations. The AI advisor is designed to provide supply chain and procurement professionals with maximum purchasing leverage for a given situation. It draws on a proprietary ontology of over 40 negotiation levers, used in thousands of sourcing events, to recommend the most effective lever and its use – in the right context and sequence – to dramatically improve negotiation strategy and outcomes.

This application of machine learning results in an optimized negotiation process that includes evaluation of response behavior, an ongoing search for value-based outcomes, and the enablement of semi-autonomous or even autonomous sourcing events.

Leva is built on LevaData’s Cognitive Sourcing Platform and enables a “cognitive sourcing cycle” that guides strategic supply chain and procurement professionals through sourcing risks and savings opportunities. It evaluates each risk or opportunity and offers prioritized actions, ranked by financial impact and time horizon.

Furthermore, Leva personalizes recommendations to a specific role in the supply chain. These contextual, push-based insights and recommendations are also personalized by role, organization, scope of control, and security and are delivered to the right person, at the right time, to facilitate better and faster decisions on complex sourcing issues.

Source

Google
Nisheeth Bhakuni