SourceDay

59% of CEOs in supply-chain-intensive industries identify driving business growth as a top 3 priority in 2024 and 2025. But that requires ensuring your supply chain is ready to deal with risk and disruptions first. Gartner’s 3 Key Actions for Navigating Geopolitical Supply Chain Risks report shares strategic actions that will prepare your supply chain to thrive amid geopolitical supply chain risks. https://lnkd.in/gWbHi-7Q #gartnersupplychain #globalsupplychaindisruption #elasticsupplychain

Despite upheaval in supply chains over the last few years, managing costs is still the primary issue facing procurement leaders. In part 2 of our Key Supply Chain Success Factors series, we discuss how AI-powered direct procurement risk management helps procurement leaders manage costs while maintaining service levels through better supplier collaboration, visibility into potential disruptions, actionable performance metrics, and elimination of manual processes that often lead to costly errors and waste. https://lnkd.in/g3StwqiY #directprocurementriskmanagement #managingprocurementcosts #POlifecyclemanagement

The stability and reliability of your supply chain is critical to your business success. While many risks are outside your control, you can mitigate the ones that aren’t. Our Supply Chain Risk Mitigation white paper explains: • The supply chain risks you can control • How SourceDay’s proactive PO risk reduction works • Why SourceDay’s database of PO information is unmatched • How SourceDay Intelligence, our patent-pending AI/ML platform, delivers enterprise-wide value Get the White Paper: https://lnkd.in/gY3NbYkC #supplychainrisk #supplychaindisruptions #directprocurementriskmanagement

“This was what we had been waiting for—one platform for all buyers to use, which freed up 25% of three key staff members’ time.” - Troy Mauk, Director of Global Procurement. SourceDay helped medical device cable manufacturer, Global Interconnect, handle an unprecedented shut down and supply chain disruption. The MRP system was kept completely up to date, making it possible for planning and production teams to trust the information presented to them with absolute certainty. “Now we use the freedom to maximize all other aspects of purchasing.” https://lnkd.in/gDyYJPX4 #mrpdata #supplychaindisruptions

The Geopolitical Risk with Trade (GPRT) index has increased approximately 30% from 2020 to 2024 compared to the last twenty years. The Global Supply Chain Pressure Index (GSCPI) has nearly tripled during the same period. @SCMR explains that this data isn’t just reflective of isolated events but instead systemic changes that require comprehensive responses. This article shares the 8 organizational readiness questions leaders should answer to address emerging risks: https://lnkd.in/e_zqmgaQ Contact SourceDay to discuss how our direct procurement risk management platform can address supply chain risks you can control. #directprocurementriskmanagement #globalsupplychainrisks

Here’s a real-world example of supplier reliability affecting financial results: Aerospace and defense giant General Dynamics’ Q3 aircraft deliveries were impacted by defective components late in the quarter, according to an Oct. 23 earnings call. The issue prompted the exchange of up to 16 components per aircraft planned for delivery, and the removal and replacement of these components adversely impacted labor costs and schedule. Read the article: https://lnkd.in/eB2sWi5Y And contact us to see how SourceDay can help you avoid similar issues in your own supply chain. #supplierreliability #supplychaindisruptions

Choosing the right materials supplier is key to a sustainable, resilient supply chain. 🚀 From financial health to technology integration, follow these 10 steps to identify suppliers you can trust. Ready to enhance supplier collaboration? Start with SourceDay! #SupplyChain #SupplierManagement #Procurement #Manufacturing #SupplyChainExcellence #Sourcing

Rocore, a leader in heat exchange products, struggled with late deliveries and inaccurate pricing caused by lack of visibility into purchase orders. The procurement team had to chase PO data from vendors and manually update changes to price, quantity, and lead time in the ERP. Now SourceDay seamlessly integrates with the ERP, keeping PO data up to date. Plus, SourceDay provides all the necessary training for Rocore buyers and suppliers, making the transition simple. “With SourceDay, we have reduced late deliveries, our pricing is much more accurate, and it’s a significant time-saver for our receiving and purchasing departments.” -Tina Grow, IT Director https://lnkd.in/gJiTyH4s #ERPintegration #procurementefficiency #POautomation

Happening this morning. Learn how to trust your Purchasing data again. Register and attend. 👉 Register Now at https://lnkd.in/gbQ7UX8j #procurement #supplychain #riskmanagement #webinar #SourceDay #automation #dataaccuracy #pomanagement

If you can't trust the purchasing data in your ERP, register and attend this webinar tomorrow. What You’ll Learn: - Why accurate procurement data is essential for reducing risk and improving decision-making - The hidden risks caused by manual processes, like supplier delays and inaccurate lead times - How Direct Procurement Risk Management ensures timely delivery and prevents production halts - How automating your PO lifecycle ensures real-time data accuracy and reduces disruptions 👉 Register Now at https://lnkd.in/gbQ7UX8j #procurement #supplychain #riskmanagement #webinar #SourceDay #automation #dataaccuracy #pomanagement