SourceDay’s “how-to” guide will walk you through the steps for conducting an effective inbound supply chain risk assessment and how to combine both strategic and tactical actions, backed by industry best practices, to address the risks you uncover.
SourceDay has 10 years of experience delivering real-time visibility into the end-to-end POlifecycle. We also hold the most comprehensive PO management dataset in existence. This combination powers unique insights to identify and mitigate the most critical areas of supply chain vulnerability and risk.
SourceDay’s vast dataset of more than 97K suppliers, $59B in managed spend, 100M PO updates per year, and 75M in-platform and email messages makes up a unique collection of PO behavior. The PO updates and in-platform and email messages, for example, represent PO Lifecycle Management actions that exist nowhere else. This proprietary data drives the patent-pending risk modeling, trend identification, and pattern matching capabilities in SourceDay Intelligence.
Supply chain disruptions can turn into a business catastrophe when a single late or incomplete order can cause cascade effects from the production line to accounts payable. Handling risks before they become disruptions reduces production line delays and the need for increased buffer stock, ensures accurate ERP PO data, improves on-time customer order delivery, and enables faster invoicing. This leads to greater financial and operational performance, confidence, and value across the organization.
SourceDay gathers risks from across the entire PO lifecycle into a single view. Users get full visibility and efficient management from one dashboard. SourceDay Intelligence highlights unforeseen risks, recommends effective resolutions for all risks, and automates custom resolution workflows. Your team can more quickly and efficiently resolve risks to keep your supply chain, and your overall operations, on track.