SourceDay
Smarter Procurement Powered by Real-Time Data Insights

SourceDay empowers manufacturers and distributors with full visibility and control over their supply chain, ensuring timely material deliveries from suppliers, critical to maintaining seamless production.

Serving as a vital link in the supply chain, suppliers are able to receive, acknowledge and provide real-time updates on purchase orders (PO). SourceDay’s patent-pending AI and machine learning technology detects, predicts, resolves risks before they become issues and automates low risk PO activities. This capability enhances confidence in inbound delivery schedules and facilitates more efficient production planning.

Viking Yachts, a leading fishing yacht manufacturer, improved its supplier acknowledgment rate to 96 percent and response rate to 88 percent using SourceDay. With hundreds of suppliers and tens of thousands of components, this enhances visibility aligned production schedules, reduces downtime, avoids costly inventory buildup and ensures efficient use of high-value components.

“Timely acknowledgment and real-time updates from suppliers significantly enhance on-time delivery performance,” says Tom Kieley, co-founder and CEO.

RF IDeas, a global manufacturer of key card readers, achieved a 98 percent on-time delivery rate with SourceDay. This improvement allowed RF IDeas to rely confidently on its ERP system for accurate delivery dates of critical inbound parts, maintaining nearly perfect production scheduling and reducing the need for excess inventory.

Many customers have also cut their safety stock by 20 percent to 50 percent, which has improved working capital and lowered inventory costs, ultimately resulting in more accurate and cost-effective delivery to their customers.

Advancing Purchase Order Lifecycle Management

SourceDay distinguishes itself by providing buyers with a single source of truth that helps them meet sales demand with greater efficiency.

As production processes become more complex, suppliers face greater challenges to deliver shipments on time and with confidence. Yet traditional PO management methods, driven by ERP systems, are increasingly vulnerable to risk.

Traditionally, customers manually managed the hundreds to thousands of PO lines via Excel and emails, often leading to communication gaps and errors. With 52 percent of PO lines changing due to updates in shipping dates, prices, or part revisions, manual processes increase the risk of production disruptions, over-purchasing or missed deadlines.

SourceDay addresses this by centralizing PO management, automating supplier communication and co-horting risks based on impact such as late shipments. This allows users to take strategic actions like expediting shipments or sourcing alternatives, ensuring production runs smoothly.

Processing hundreds of millions of transactions annually, the platform transforms unstructured data, often lost in emails and Excel, into actionable insights. When a PO is sent to a supplier, the algorithms analyze large-scale data in real time, identifying potential risks based on current and historical performance. This gives buyers and suppliers unprecedented visibility into issues that often go unnoticed by the human eye, allowing them to quickly assess potential issues and determine how suppliers can mitigate those risks or provide assurances on timely delivery, including exact delivery dates.

The platform also automates workflows based on historical human behavior. For instance, if a part is usually accepted with a two- or five-day extension on its delivery date, a rules-based system can automatically accept or reject similar changes based on historical trends and current needs. This significantly reduces the manual effort required to process tens of thousands of purchase order lines each month, allowing users to focus on critical risks impacting operations.

Transforming Supply Chain Efficiency

A standout feature of SourceDay is its ability to leverage vast transactional buyer-supplier change data—both machine-driven and human-driven—to predict and detect potential risks throughout the lifecycle of a purchase order.

Customers gain the most value from SourceDay through the automation of routine, low-risk tasks. The automation enables users to focus on critical ‘red’ items by effectively predicting potential issues, enhancing collaboration on delivery dates, shipping schedules and pricing. This improves throughput and enables more accurate cost and revenue forecasting—all rooted in data accuracy.

It drives over 90 percent supplier engagement on purchase orders via passive email responses or EDI/API interactions. This strengthens supplier relationships and ensures trusted data for production decisions. Optimizing cost containment, inventory structures and labor efficiency reduces overhead, eliminates excess inventory, and enhances working capital control and supply chain predictability.

SourceDay also offers a specialized RFQ platform tailored for build-to-order and job shop manufacturers. A custom robotic arm manufacturer uses the platform to send hundreds of RFQs weekly, securing high-quality components at competitive prices by factoring in price breaks, supplier performance, proximity and lead times. Replacing manual Excel processes, SourceDay streamlines decision-making and consolidates key data—lead time, price, quality and proximity—for accurate sales quotes and optimized production.

SourceDay transforms manufacturing and distribution by automating procurement and streamlining workflows to meet rising sales demand. As sales automation grows, it enables procurement teams to focus on strategic tasks using AI, shifting from supplier tracking to performance, quality, pricing and lead time improvements, ultimately boosting operational efficiency.

SourceDay is transforming procurement by tackling long-standing challenges with a centralized platform, delivering real value and enhancing buyers' bottom lines, setting a new industry standard.