Austin, TX – November 14, 2024 – SourceDay, the leading direct procurement risk management platform for the supply chain industry, is pleased to announce the appointment of Michael Miller as Chief Executive Officer (CEO) and Fred Brown as Chief Revenue Officer (CRO). Co-founder and former CEO, Tom Kieley, has transitioned to a role on the Board of Directors to pursue new ventures.
Michael Miller, previously SourceDay’s Chief Operating Officer, brings extensive experience in supply chain technology and operations. Before joining SourceDay, he held multiple C-level roles at early-stage and emerging supply chain technology companies, including serving as COO at Convey Inc., where he oversaw all delivery functions during a period of high growth and through its acquisition by project44.
Fred Brown joins SourceDay as CRO, bringing over two decades of experience in sales leadership and revenue growth strategies in the supply chain technology sector. As a multi-time CRO, Fred has been responsible for periods of high revenue growth in several companies, most recently scaling Resilinc to a successful acquisition. This experience will be instrumental as SourceDay continues to expand its market presence.
“We are thrilled to welcome Michael and Fred into their new leadership roles,” said Morgan Flager, Managing Partner at Silverton Partners and member of SourceDay’s Board of Directors. “Michael’s experience and vision combined with Fred’s proven track record in revenue growth position SourceDay for continued success and innovation in supply chain technology.”
Reflecting on his transition, Tom Kieley stated, “It has been an incredible journey leading SourceDay from its inception to becoming a leader in our industry. I am confident that Michael and Fred will continue to drive our mission forward, and I look forward to supporting them in my new role on the Board.”
Expressing his enthusiasm for the new role, Michael Miller commented, “I am honored to step into the role of CEO at SourceDay. We have a talented team and a strong foundation. I am excited to lead the organization forward to continue driving exceptional value to our customers and partners.”
About SourceDay
SourceDay is a direct procurement risk management platform focused on creating highly synchronized supply chains through increased risk visibility and resolution, supplier reliability, cost containment, and real time data accuracy. Powered by patent-pending AI and Machine Learning, SourceDay delivers enhanced direct supply visibility, predictability, management, and accuracy to manufacturers and distributors.
Integrating with any ERP, SourceDay has cracked the code on seamless supplier engagement, risk cohorting and prioritization, and low/no-risk task automation…transforming costly, manual, and often error-prone activities into precision workflows that produce highly synchronized supply chain operations. The result is a remarkable improvement in business-impacting metrics such as PO on time delivery (OTD) – up to 96%, inventory safety stock reduction – 22% or more, labor savings of up to 80%, and increases in cost discount opportunities.
