Leader in Applied AI for Procurement Delivers Industry-First

Supply Chain Insights – Including Margin and Risk – to Product Launch

Teams for Global Manufacturing Companies

SAN JOSE, Calif.--(BUSINESS WIRE)--LevaData,

the company that delivers applied AI to transform strategic sourcing and

procurement, today announced the launch of LevaData NPI (New Product

Introduction), a solution extension of the LevaData Cognitive Sourcing

Platform. Designed and built for enterprise manufacturing companies,

LevaData NPI offers industry-first supply chain insights and actionable

guidance to product planning, launch and introduction teams. LevaData

NPI applies artificial intelligence (AI) to direct procurement data and

integrates analyst findings and benchmarks, as well as enterprise buyer

and seller activity on the LevaData procurement network, in order to

identify opportunities for NPI teams to achieve target cost goals and

greater agility while decreasing manufacturing risk and increasing

profit margins.

An estimated 60-80% of product cost is “locked in” during the design

stage, and, given strict supplier onboarding and production deadlines,

NPI teams at enterprise manufacturing companies frequently lack the time

and insights needed to optimize parts, suppliers and target costs for a

given Bill of Materials (BOM). This is because design BOMs are often

completed late in the product launch process due to the time and effort

required to collaborate across departments and typically suffer from

missing information and inaccurate data. This results in a lack of

visibility into a product’s true lifecycle cost.

However, AI-driven insights from NPI and the LevaData platform enable

enterprise manufacturing companies to fill these gaps in knowledge,

empowering their NPI teams to develop a comprehensive BOM analysis early

in the launch process. With LevaData NPI, teams can significantly

improve gross margins over a product’s complete lifecycle by identifying

current and future cost savings opportunities. The LevaData NPI solution

also alerts users to potential “risk drivers,” such as identifying the

use of end-of-life (EOL) parts, items sourced from a single supplier,

and any supplier that may have future production issues based on factors

such as financial health, quality ratings and location-based risks.

In addition to mitigating part-level risks, LevaData NPI helps teams

manage program-level risk by notifying users about upcoming deadlines,

including outstanding items and tasks, as well as advising LevaData NPI

users on the status of program Key Performance Indicators (KPIs) and

phase gate review milestones. NPI identifies these issues and recommends

remedial action before production decisions are made, ultimately saving

time, money and frustration during the new product introduction process.

LevaData NPI also integrates with other software tools used by teams

outside of the NPI process, including popular product design and product

lifecycle management (PLM) solutions. The NPI solution enables

cross-functional collaboration across product operations, supply chain,

finance, and procurement to serve as a “single source of truth” for

rolled-up cost, design changes and project status across the enterprise.

In addition to enhanced communication, the NPI module helps automate

manual processes, facilitates scalable BOM ingestion and onboarding of

new suppliers, and reduces analysis time by generating thorough reports

on the part, product or commodity level.

“We understand that launch teams work under tight time and cost

deadlines and that they’re constantly pressured to scale productivity

and improve collaboration across functions,” said Rajesh Kalidindi, CEO

of LevaData. “We’re excited about our new NPI solution because it

represents an industry-first approach to address critical margin and

risk considerations prior to release to manufacturing. NPI delivers a

powerful competitive advantage to manufacturers because it offers real

supply chain insights during the product design and development stage –

not after the fact. The results include greater savings and efficiency

throughout the entire product lifecycle.”

NPI to Debut at Gartner’s 2019 Supply Chain Executive (SCE) Conference

NPI will make its industry debut at the Gartner

Supply Chain Executive Conference 2019, being held in Phoenix May

13-16, 2019. LevaData will demonstrate the capabilities of the NPI

module at Booth #100 at SCE, which is one of the supply chain sector’s

largest and most significant events. SCE will focus on the convergence

of the physical and digital supply chains and feature a track dedicated

to sourcing and procurement. LevaData is a Silver event sponsor, and

LevaData executives and solution specialists will be on hand to share

knowledge with industry peers.

About

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.

Contacts

For more information, please contact:

Gabrielle Jasinski,

708-732-3913