Despite their best efforts, large companies managing global supply chains inevitably leave money on the table. Working with one such enterprise, Rajesh Kalidindi came to understand this problem well. “Procurement teams, which manage trillions of dollars out there, are managing massive spend complexity—lots of suppliers, lots of parts to keep on top of.
The market volatility does not make it any easier.” Remarkably, many of these teams are still using Excel and other rudimentary tools to manage this massive spend. It seemed a good opportunity to develop something better.
So Rajesh founded LevaData, a company that uses artificial intelligence to analyze procurement objectives alongside real-time market activity to generate predictions and customized recommendations.
On this edition of UpTech Report, Rajesh discusses his experience working with these supply chains, how he identified the problem, and the way he’s used AI to form a solution.