The challenge of managing supply chains and supplier relationships has compounded in recent years.
Most procurement teams are still over-reliant on fragmented internal information that slows their response in a negotiation.
What procurement needs is an empowering source of insight combining internal and external information in one place. This provides optionality and agility to make changes in response to changing economic and geopolitical conditions.
In this episode of the Art of Procurement Podcast, Philip Ideson speaks with Rajesh Kalidindi, Founder and CEO of LevaData, about his background in electronics direct materials management and why he decided to leave his position to start his own company.
- the opportunity that exists to augment existing human potential with technology that empowers faster decision making
- the requirement to do so at scale, so that procurement can strategically manage spend in all categories without adding headcount
- why gathering insights alone isn’t enough without a way to ensure they are actionable.