Supplier Enrichment
What is supplier enrichment at Levelpath?
Supplier enrichment is a feature that enhances your supplier records by gathering valuable public data to build more comprehensive supplier profiles. This includes key information such as products and services, competitors, and a general description of the supplier and its offerings. It helps users make better-informed decisions and foster stronger supplier relationships.
Below is an example of a supplier record in Levelpath that is enriched. Users can tell that their supplier data has been enriched when they see a sparkle to the right of the supplier name. Another way to tell that data is enriched is if the supplier has a logo, which occurs through enrichment if publicly available. Additionally, enriched supplier data will pull the Products & Services and Competitors if publicly available (see blue and red tags below).
Why is supplier enrichment valuable?
Enriched supplier data provides deeper insights into supplier operations and market positioning. With enriched profiles, sourcing teams can identify risks, understand capabilities, and assess strategic alignment. This leads to more confident decision-making and optimized supplier performance.
How does Levelpath enrich suppliers?
The Levelpath team will take your supplier data and enrich it on your behalf. Our technology leverages OpenAI to search publicly available supplier details.
What kind of information is enriched?
Levelpath enriches the following supplier data: Primary products and services, major competitors, ticker symbol, website, and fiscal year end.
Is my data at risk during supplier enrichment?
No—your data is not at risk. Supplier enrichment at Levelpath only pulls from publicly available information (e.g., company websites, financial disclosures, news sources). It does not access or expose any private, internal, or sensitive supplier data. The process is designed to enhance your supplier records while maintaining full compliance with data privacy standards and ensuring your information stays secure.
How can I get my supplies enriched?
To activate supplier enrichment, reach out to your Levelpath Support team.
Does supplier enrichment require manual input?
No, the enrichment process is automated. However, users can always review and supplement the data as needed to reflect supplier-specific nuances.
Can the enriched data be customized to fit my business needs?
Yes. While enrichment uses public data as a base, Levelpath allows you to define which data points are most critical for your organization, helping tailor the supplier profile to your operational needs.
Who should I contact if I have questions about enriched supplier data?
Your first point of contact should be the Levelpath Support team. They can help troubleshoot, initiate enrichment, and recommend best practices for using the enriched supplier insights in your procurement processes.