LevaData: Vendor Snapshot (Part 3) — Competitive and Summary Analysis [PRO]

SciQuest

LevaData is a provider that challenges the traditional notion of “modules” in the procurement technology sector. In combining supply chain visibility, market data and benchmarks, community analytics, optimization, forecasting, AI techniques and strategic sourcing capability, LevaData is positioning itself as the first “cognitive sourcing” provider. While focused primarily today on select industries and categories, its goal is to become both a single source of truth and core enablement technology for broader direct materials sourcing. Today, LevaData’s solution blends integrated market intelligence, analytics and sourcing components in a single platform, primarily serving customers in the electronics/high tech manufacturing sector. While more mature in certain areas and less in others, the combined product set is not like anything else we have seen or analyzed in the market.

This final installment of our multipart Spend Matters PRO Vendor Snapshot series covering LevaData offers a SWOT analysis, competitive assessment and comparison with other related vendors targeting direct materials procurement. It also includes a user selection guide and summary evaluation and selection considerations. Part 1 and Part 2 of this PRO research series provide a company and deep-dive solution overview, product strengths and weaknesses and a recommended fit analysis for what types of organizations should consider LevaData.

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