LevaData,
the company that delivers applied AI to transform strategic sourcing and
procurement, today announced that Lenovo
will launch LevaData’s cognitive sourcing platform globally to scale
commodity teams, identify data-driven insights for supplier
negotiations, and improve procurement agility while managing rising
sources of volatility.
The initial platform activation will focus on the Intelligent Devices
Group (IDG), which is Lenovo’s largest business unit and manufactures a
wide range of consumer products, including mobile devices, PCs and smart
devices. LevaData will be working closely with Lenovo’s global sourcing
teams in Beijing, Shanghai and Shenzhen, China, as well as Raleigh,
North Carolina, as part of Lenovo’s progressive efforts to leverage AI
throughout their business and transform procurement into a digital,
data-driven organization. The partnership between LevaData and Lenovo
will investigate how AI, machine learning and broad implementation of
the LevaData Cognitive Sourcing Platform will impact Lenovo’s
procurement procedures, as well as provide a vehicle to measure its
impact on the Lenovo organization.
“We are excited to embark on this journey with Lenovo to transform their
sourcing processes – as well as their larger global business – through
applied AI,” commented Rajesh Kalidindi, founder and CEO of LevaData.
“LevaData’s Cognitive Sourcing Platform thrives on complexity and, of
course, large volumes of data. Our solution provides Lenovo with the
ability to leverage AI-driven purchasing insights across highly complex
markets, a large product portfolio and a truly global procurement and
supply chain operation managing large volumes. We are particularly
looking forward to partnering with Lenovo to help identify and manage
the risks and volatility associated with today’s electronics industry.”
Lenovo selected the LevaData Cognitive Sourcing Platform after a
thorough review of potential partners, specifically around LevaData’s
potential to assist Lenovo in developing a 360-degree view of their
supply base and the cultivation of new supply chain insights, by
combining procurement spend with market intelligence. Ultimately, the
partnership between LevaData and Lenovo will leverage AI-driven insights
to improve the effectiveness of supplier negotiations and drive broader
transformation of Lenovo procurement operations.
According to Jerry Gross, Vice President of Global Supply Chain and
Chief Procurement Officer for Lenovo, “Our vision is to become the
global leader in intelligent transformation, built on our view that
artificial intelligence is fundamentally changing the way we live, work
and play. The goal of Lenovo’s business relationship with LevaData is to
build out and measure new capabilities that leverage AI and machine
learning across our sourcing function, ultimately helping to transform
procurement and improve our agility, efficiency and effectiveness across
multiple product categories.”
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. 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 headquartered in San Jose, California. For more
information, visit www.levadata.com.
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