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SourceDay Named to Inc.’s 2024 Best in Business List in AI & Data
The annual list recognizes the industry-leading companies that are the best at what they do Austin, TX, December 12, 2024 – SourceDay, the leader in direct procurement risk management, is proud to announce its inclusion on the Inc. 2024 Best in Business list in the AI & Data category. Inc.’s annual Best in Business Awards…
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SourceDay Announces Leadership Transition: Michael Miller Appointed CEO and Fred Brown Named Chief Revenue Officer
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…
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Procurement Risk Management: The Execution Gaps Most Teams Don’t See
Procurement leaders spend a lot of time thinking about supplier strategy—diversification, contracts, and sourcing plans. Those things matter. But most procurement risk doesn’t originate there. It shows up later, in the day-to-day execution of purchase orders. A delivery date changes but never makes it back to the ERP. Pricing shifts quietly between confirmation and invoice.…
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SourceDay Unveils Next-Gen Risk Management Solution to Enhance Supply Chain Performance
SourceDay Intelligence can predict unforeseen inbound supply risks, recommend effective resolutions and automate workflows, delivering up to 96% OTD. Austin, TX – July 30, 2024 – SourceDay, the leading supply chain collaboration platform transforming procurement, launched SourceDay Intelligence, a patent-pending artificial intelligence (AI) and machine learning (ML) platform that enhances buyer decision-making by enabling proactive…
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The Traditional Supplier Portal Reimagined: Harnessing Business Insights to Disrupt the Status Quo
Traditional supplier portals handle straightforward transactions between manufacturers and their suppliers. Yet, they often fall short of offering insights that could prevent delays, extra costs, and missed opportunities. This blog explores how SourceDay meets and exceeds these traditional capabilities, transforming how businesses manage and interact with suppliers. Going Beyond Basic Functions SourceDay’s PO lifecycle management…
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The Cost of Downtime When Parts Are Missing
It is a well-known fact in manufacturing that unplanned downtime is a significant threat to productivity and profitability. Beyond the usual suspects like equipment failures, another critical cause is the lack of necessary parts and materials. That’s why highly streamlined direct materials procurement operations are crucial. Enter SourceDay. On-hand and inbound inventory reliability is key…