The annual list recognizes the industry-leading companies that are the best at what they do
Austin, TX, December 12, 2024 – SourceDay, the leader in direct procurement risk management, is proud to announce its inclusion on the Inc. 2024 Best in Business list in the AI & Data category. Inc.’s annual Best in Business Awards celebrate the exceptional achievements and contributions of companies that have made a profound impact on their industries and on society at large.
“For over 40 years Inc.has been committed to recognizing America’s most dynamic businesses and honoring the great work they do. These businesses have had a profound impact on their industries, solving important problems, and shaping the future of business in ways that will have lasting effects,” says Inc. editor-in-chief Mike Hofman.
“Drawing on decades of experience and the most comprehensive PO Lifecycle Management dataset in existence, we developed patent-pending SourceDay Intelligence AI and ML models to help customers preempt supply chain disruption,” said Michael Miller, CEO of SourceDay. “Best-in-class risk detection and recommendation algorithms deliver tailored insights powered by customers’ own data and uncover inbound procurement blind spots that often go undetected. Helping customers derail the ever-increasing risk that can disrupt not only their supply chains, but their organization as a whole, is our mission going forward.”
SourceDay Intelligence’s advanced data models leverage the company’s proprietary dataset across the PO Lifecycle for faster decision-making on critical supply chain vulnerabilities, including lead times, proposed changes, missing acknowledgments and email issues. The dataset utilizes protected activity information from more than 101,000 suppliers, 100 million annual PO updates, $60 billion in direct materials spending, and 75 million messages with suppliers, all processed through SourceDay’s platform.
To learn more about SourceDay Intelligence, visit sourceday.com/sourceday-intelligence/.
For more information on the Inc. Best in Business List, visit inc.com/best-in-business.
About SourceDay
SourceDay is a direct procurement risk management platform focused on creating highly synchronized supply chains through increased risk visibility and resolution, supplier reliability, cost containment, and real time data accuracy. Powered by patent-pending AI and Machine Learning, SourceDay delivers enhanced direct supply visibility, predictability, management, and accuracy to manufacturers and distributors.
Integrating with any ERP, SourceDay has cracked the code on seamless supplier engagement, risk cohorting and prioritization, and low/no-risk task automation…transforming costly, manual, and often error-prone activities into precision workflows that produce highly synchronized supply chain operations. The result is a remarkable improvement in business-impacting metrics such as PO on time delivery (OTD) – up to 96%, inventory safety stock reduction – 22% or more, labor savings of up to 80%, and increases in cost discount opportunities. For more information, visit sourceday.com.
About Inc.
Inc. is the leading media brand and playbook for the entrepreneurs and business leaders shaping our future. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.’s award-winning work achieves a monthly brand footprint of more than 40 million across a variety of channels, including events, digital, print, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since its launch as the Inc. 100 in 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent.
For more information, visit www.inc.com.
