SourceDay
UnclaimedReal-time PO collaboration and supplier performance management for manufacturing and distribution.
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TL;DR - SourceDay
- Automates and optimizes purchase order collaboration and lifecycle management.
- Utilizes AI/ML for predictive risk detection and resolution in inbound supply.
- Improves supplier performance and on-time delivery through real-time scorecards and feedback.
Pricing: Paid only
Best for: Enterprises & pros
Pros & Cons
Pros
- Significantly reduces pre-shipment supply issues
- Increases supplier engagement and acknowledgment rates
- Provides data-driven insights for informed decision-making
- Simplifies complex PO lifecycle management activities
- Minimizes IT involvement for integration
Cons
- No free tier or public pricing information available
- Requires integration with existing ERP systems, which might have initial setup considerations
Key Features
Real-time PO visibility and trackingPredictive risk detection and resolution (SourceDay Intelligence)Automated supplier engagement and collaborationCustomizable Supplier Scorecards with real-time feedbackPrioritization of risk-prone PO situationsDirect integration with existing ERP systemsOn-Time Delivery (OTD) monitoringHistorical performance data tracking for suppliers
Pricing
Paid
SourceDay offers paid plans. Visit their website for current pricing details.
About SourceDay
By Toolradar Team·
SourceDay provides a comprehensive platform for purchase order collaboration and lifecycle management, specifically designed for manufacturing and distribution companies. It eliminates pre-shipment supply issues by offering real-time visibility, predictability, and accountability across the direct procurement process. The platform helps identify and address risks, monitor supplier performance, and make informed decisions regarding inbound supply orders.
Leveraging patent-pending AI and Machine Learning technology (SourceDay Intelligence), the product offers predictive modeling for detecting, predicting, and resolving risks to inbound supply orders. It streamlines purchase order tracking, prioritizes issues based on risk, and facilitates proactive engagement with suppliers. Additionally, SourceDay includes customizable Supplier Scorecards to enhance supplier reliability through data-driven performance measurement and real-time feedback, fostering stronger relationships and reducing supply chain risk.
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SourceDay FAQ
How does SourceDay Intelligence specifically use AI and Machine Learning to predict and resolve supply risks?
SourceDay Intelligence employs patent-pending AI and Machine Learning algorithms to analyze historical data and current order information. It identifies patterns and anomalies to predict potential risks to inbound supply orders, such as delays or quantity discrepancies, and then recommends proactive resolutions before issues escalate.
Can SourceDay's Supplier Scorecards be customized to track metrics beyond on-time delivery, such as lead time variability or cost overruns?
Yes, SourceDay's Supplier Scorecards are fully customizable. Businesses can tailor performance metrics to reflect their specific priorities, including lead time variability, cost efficiency, quality adherence, and other KPIs that are most critical to their unique supply chain operations.
What level of integration does SourceDay offer with various ERP systems, and how much effort is typically required from an IT department for setup?
SourceDay offers direct integration capabilities with a wide range of existing ERP systems. The platform handles the majority of the technical heavy lifting for integration, significantly reducing the time and effort required from a company's IT department for setup and ongoing maintenance.
How does SourceDay ensure high supplier adoption rates, given that many collaboration tools struggle with supplier engagement?
SourceDay is designed to eliminate the need for suppliers to adopt entirely new workflows or channels. Its intuitive interface and focus on streamlining existing communication methods lead to higher supplier engagement rates, faster acknowledgment times, and ultimately, better on-time delivery performance.
Beyond identifying risks, does SourceDay provide tools or workflows for managing complex PO situations like splits, move-ins, and move-outs?
Yes, SourceDay is built to manage even the most complex PO lifecycle activities, including splits, move-ins, and move-outs. The platform provides intuitive tools and workflows to monitor and manage these situations with speed and ease, often with recommended resolutions from SourceDay Intelligence.
Source: sourceday.com