SourceDay Blog

direct procurement

The Future of Direct Spend Management

SourceDay

In a recent post here, we wrote about the difference between direct and indirect spend, and shared some of best practices for effective direct spend management. Many procurement teams (and professionals) get their start managing indirect spend categories such as office supplies, equipment and back office services. However, the opportunity to step up and impact …

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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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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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Syteline Advanced Planning Scheduling – A Fresh Approach to Planning

SourceDay

Traditional scheduling and planning systems (MRP) often produce unmanageable and unrealistic requirements like issuing purchase orders with past due dates.  Seizing the opportunity, Infor, the developers of Syteline ERP, introduced APS or Advanced Planning And Scheduling to simplify business management, increase planning visibility, increase production capacity and lower inventory. While production scheduling by nature is difficult with varying factors like …

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Use Your ERP System to its Fullest Potential by Adding an Automated Purchase Order System

SourceDay

Your organization has invested in an enterprise resource planning system (ERP), but are you maximizing its technology to the fullest potential?  Adding an automated purchasing system to your ERP will unleash the power for each person who participates in the purchasing process to access important decision-making data and create opportunities for savings in your supply chain. …

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