SourceDay Blog

buyers

What to Know When Choosing an EDI Solution

SourceDay

We run into many companies who are interested in implementing an EDI tool or are already using EDI and “don’t have supplier pain”. Although there are valid reasons to adopt an EDI solution, before you take the plunge, there are a few things you ought to know. EDI, at its core, is data transformation between …

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3 Ways to Improve Your Supplier Relationship

SourceDay

The buyer-supplier relationship can be tenuous at times because so much depends on performance. Boost your supplier relationship and your performance. Communication Is Key As a buyer for manufacturing, your product development and assembly are completely dependent upon your suppliers. Those parts, however small, must be delivered on time with the exact specifications in order …

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Why You Need a PO Acknowledgment Policy

SourceDay

In the old days of hard copy, purchase order management was a slow, tactical, papercut-ridden line of work. The physical transit times between buyer and seller and then back to the buyer again, could take days or even weeks. In the meantime, the business moved forward under the assumption that all of the parts and …

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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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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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