“Amateurs talk strategy. Professionals talk logistics.”
While initially referring to soldiers, it’s directly applicable to 21st-century industry. Today’s direct spend supply chains are the linchpins of modern manufacturing operations, with the power to affect every function from production to inventory to customer delivery to invoicing to revenue.
One late or short inbound shipment can mean the difference between on time customer orders and potentially disastrous delays that can ripple across the entire organization.
The good news is that there are many risks in the supply chain that can be minimized and even eliminated. SourceDay is focused on helping organizations mitigate the risks they can control.
SourceDay starts with a dedication to supplier performance and reliability as the foundation of risk management. When you can trust your suppliers, everything becomes smoother. Then combines the most extensive PO lifecycle dataset in existence with patent-pending, AI/ML models and a risk-focused interface to detect, predict and prevent risks to on-time delivery. The resulting increased visibility, precision, and data accuracy throughout the PO lifecycle drive efficiencies and cost reductions throughout the organization.
Altogether, SourceDay’s direct procurement risk management solution empowers manufacturing companies to deliver more on-time customer orders and operate their businesses with more reliable revenue projections, leading to improved financial and operational performance, confidence, and increased value across the organization.
