Over the course of 4 days at VISUAL Focus 2019, we met so many inspirational procurement leaders at breakout sessions, networking events, and at our booth!
But, one of our favorite memories from the event was presenting alongside Napoleon Products in our session, Napoleon & SourceDay: Powering Procurement and AP Automation with Supplier Collaboration.
Napoleon Products ERP Improvement Manager Louise Mayer and SourceDay COO Clint McRee took the stage for a candid conversation on how Napoleon modernized their procurement processes using SourceDay’s PO Collaboration and 3-way invoice matching. Through SourceDay’s centralized platform, they are now able to complete vouchering for thousands of POs and invoices across hundreds of suppliers.
During the session, Louise Mayer described the all-too-common supply chain challenges Napoleon faced.
Napoleon’s Key Challenges
- 10+ price discrepancies per day that eroded profit margin
- Manual PO process led to inefficiencies
- Late customer shipments
- Expedite fees due to late deliveries
- Mismatched invoices
- Late & incomplete deliveries caused by incorrect lead times and quantities
At the root of these challenges were significant inefficiencies in the first mile of their supply chain — supplier collaboration. Napoleon needed to transform their purchasing process and automate manual procedures and make their supply chain more reliable.
With SourceDay, Napoleon has simplified their supplier communication without having to maintain a supplier portal, go through complicated training, and support revisions.
SourceDay paid for itself in less than 3 months…– Louise Mayer
The SourceDay Approach
With SourceDay, Napoleon is able to see more accurate lead times and quantities so they can keep production plans on target.
By streamlining and error-proofing the acknowledgment process across procurement, accounts payable and vendors, Napoleon is able to improve on-time delivery.
Before SourceDay, inaccurate supplier invoices led to overpayments. With SourceDay, Napoleon can more closely monitor POs and see mismatches where they originate.