Home | Risk Management | Supply Risk Mitigation
The new era of supply risk mitigation
SourceDay has turbocharged our proven PO Lifecycle Management with our new, powerful, patent-pending ML and AI innovations to deliver the next transformation of supply chain assurance.
Our approach extends risk mitigation to the most vulnerable and high impact PO supply chain inflection points, preventing risks from becoming disruptions.
Fewer delays and disruptions
Predictability is power...and peace of mind
With SourceDay, risk mitigation is built into everything we do. That means more on-time customer orders and more reliable revenue projections.
Anticipate and eliminate risks to on-time parts and materials deliveries for greater stability, performance and value across your organization.
Tailored to your activities
Master supply chain uncertainty and complexity
Unpredictable and unstable supply chains derail operations across the organization, directly impacting cost and revenue.
- Up to 70% of inbound supply chain issues occur prior to shipment.
- Risks pop up at critical points in the PO lifecycle. 52% of PO lines require manual intervention with an average of 2.5 changes per line.
- Risks are not easy to see, predict, or resolve, pulling focus to tactical instead of strategic tasks, leaving room for manual error.
Everything at your fingertips
Be proactive, not reactive
- The new SourceDay Risk Dashboard gathers risks from across the entire PO lifecycle into a single management view.
- SourceDay Intelligence (SDI) uncovers and highlights predictive risks that can only be detected by our patent-pending ML platform.
- Users review, prioritize and resolve urgent issues from a single, actionable screen.
Less tactical, more strategic
Do more of what matters
SourceDay's intuitive dashboard and filtering enable you to quickly focus on high-risk, high-impact activities. No more searching. Everything is prioritized in one place, with recommendations for risk resolution.
The data makes the difference
The power behind our unprecedented AI-driven insights
SourceDay is home to the most comprehensive PO Lifecycle Management dataset in existence
- More than $60B in processed direct spend
- 100K suppliers
- 100M PO updates/yr
- 75M in-platform and email PO change-related messages/yr
Frequently asked questions
Have questions?
We have answers.
SourceDay’s “how-to” guide will walk you through the steps for conducting an effective inbound supply chain risk assessment and how to combine both strategic and tactical actions, backed by industry best practices, to address the risks you uncover.
SourceDay has 10 years of experience delivering real-time visibility into the end-to-end POlifecycle. We also hold the most comprehensive PO management dataset in existence. This combination powers unique insights to identify and mitigate the most critical areas of supply chain vulnerability and risk.
SourceDay’s vast dataset of more than 97K suppliers, $59B in managed spend, 100M PO updates per year, and 75M in-platform and email messages makes up a unique collection of PO behavior. The PO updates and in-platform and email messages, for example, represent PO Lifecycle Management actions that exist nowhere else. This proprietary data drives the patent-pending risk modeling, trend identification, and pattern matching capabilities in SourceDay Intelligence.
Supply chain disruptions can turn into a business catastrophe when a single late or incomplete order can cause cascade effects from the production line to accounts payable. Handling risks before they become disruptions reduces production line delays and the need for increased buffer stock, ensures accurate ERP PO data, improves on-time customer order delivery, and enables faster invoicing. This leads to greater financial and operational performance, confidence, and value across the organization.
SourceDay gathers risks from across the entire PO lifecycle into a single view. Users get full visibility and efficient management from one dashboard. SourceDay Intelligence highlights unforeseen risks, recommends effective resolutions for all risks, and automates custom resolution workflows. Your team can more quickly and efficiently resolve risks to keep your supply chain, and your overall operations, on track.
Take control of supply chain risks
Before they become business disruptions.