SourceDay Blog

Exception Reporting: Reaching the Pareto Point

SourceDay

The Pareto principle, also known as the 80/20 rule, is commonly used to break down data sets because of its relative simplicity and eerie accuracy. 80% of a company’s spend is with 20% of their suppliers, and 80% of purchase transactions stem from 20% of the company’s buyers. These are both good news and ease …

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New Feature Announcement

SourceDay

TORREY PINES, California – SourceDay, a pioneer in purchase order management automation software, has enhanced its software as a service offering, providing better information for accountability and planning purposes. The new features are available in the product today for all customers. The product now includes: Advance ship notification: Vendors can provide notification to their manufacturing and distribution …

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Can Your Company Survive Without Communication?

Can Your Company Survive Without Communication?

SourceDay

Communication is important. It’s safe to say that’s an understatement in any industry. Consider this, The Society for Human Resource Management estimates poor communication costs larger companies (100,000 employees or more) up to $62.4 million annually. Smaller companies (100 employees or less) average losses in the amount of $420,000 per year. Even though our communication tools are …

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Is your PO’s status: ‘Not my Problem’?

Is your PO’s status: ‘Not my Problem’?

SourceDay

Of all the statuses a purchase order may be assigned – waiting for approval, approved, pending revision, cancelled – the very worst is ‘Not my Problem’. That unofficial (but very real) designation puts POs into a dangerous state of limbo that may be hard to resolve, leading to discontented suppliers and wasted time. This is …

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SourceDay Summer Webinar Series

Introducing: Summer Webinar Series

SourceDay

Join us this summer for our summer webinar series. Each month we’ll bring you topics around best practices on procurement and purchase order management. JUNE WEBINAR Extending Your PO Management into the Cloud Webinar Does your company process purchase orders manually? How is that working out for you? Join us to hear how you can …

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Grade Your Suppliers with Automated Supplier Grading

SourceDay

A Forbes study found that “most manufacturing companies could significantly grow their profits by strengthening their supplier relations”.  A good supplier relationship is critical in any industry, but especially in manufacturing. Evaluating a good supplier goes far beyond a quick glance at how much they are charging you. Here’s a look at how you should evaluate …

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