LevaData: Vendor Snapshot (Part 2) — Product Strengths and Weaknesses [PRO]

Tiko/Adobe Stock

Quick, what would a mashup of an analytics, market intelligence and an optimization-backed advanced sourcing platform look like for direct materials procurement? It would need to feature at least the basics of line-level spend analytics and reporting, and, for manufacturers, ideally offer deeper bill of materials insight into sub-tier materials, parts and component data. It would have to provide market-based insights into relative total cost, as well as integrated access to external market data feeds to enable benchmarking. And it would need to feature sourcing capability that factors into account both internal and supply chain costs, constraints and business requirements in recommendations and decision-making.

In other words, it would look something like LevaData, a manufacturing-centric procurement technology vendor that offers an integrated set of capabilities that is different from anything else we have reviewed in the market. This Spend Matters PRO Vendor Snapshot explores LevaData’s strengths and weaknesses, providing facts and expert analysis to help procurement organizations decide whether they should consider the provider. The first installment of our analysis provided a company and solution overview and a recommend fit list of criteria for firms considering the provider. Part 3 will offer a SWOT analysis, user selection guide, competitive alternatives, and additional evaluation and selection considerations.

For full access to this PRO content: