Supplier Collaboration for Manufacturers

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Presentation transcript:

Supplier Collaboration for Manufacturers Centralizing and Automating the PO Management Process Company started in 2013. Founders ran and worked in manufacturing, and saw a major need to resolve supplier challenges.

© 2017 SourceDay, Inc. -- CONFIDENTIAL SourceDay Background 2013 Founded In Austin, TX Clint McRee, Tom Kieley, & Kyle Kothe 2015 1st SourceDay Release Available To Customers 2016 Exciting Growth. Added 30 Enterprise Customers 2017 Secured $3.5M In Venture Capital Funding YTD Growing at 400% YOY & Hiring According to a recent survey by Digital Supply Chain Magazine, today’s PO process is fragmented, inefficient, prone to error, broken. 50% unhappy 35% use multiple methods to deliver POs – email, fax, phone, snail mail. 33% still print and mail or fax POs. …47% believe that corrective action is a priority. © 2017 SourceDay, Inc. -- CONFIDENTIAL

The Purchase Order Process is Fragmented According to a Recent Survey: 50% Of enterprises are unhappy with their current purchase order process. 35% Use multiple methods for delivering POs to suppliers. 33% Still print purchase orders and mail or fax them to suppliers. According to a recent survey by Digital Supply Chain Magazine, today’s PO process is fragmented, inefficient, prone to error, broken. 50% unhappy 35% use multiple methods to deliver POs – email, fax, phone, snail mail. 33% still print and mail or fax POs. …47% believe that corrective action is a priority. SOURCE: Digital Supply Chain Magazine - http://www.supplychaindigital.com/procurement/taking-stock-addressing-fragmented-purchase-order-process © 2018 SourceDay, Inc. -- CONFIDENTIAL

Your Procurement Process: Chaos BUYER / PLANNER Request for Quote PO Updates & Acknowledgement Supplier Performance ASNs, Receiving Invoices & AP Automation VENDOR 1 EXPEDITER VENDOR 2 THE ENTERPRISE EXECUTIVE MANAGERS VENDOR 3 Finance As we discussed earlier, the PO process is fragmented, cumbersome, outdated, and broken. Many people are involved in the PO process, working in your ERP system. Your company has made a significant investment in your ERP application, but when a PO is firmed, buyers are exiting the ERP to work in other systems, causing decision makers to lose trust in the system. Buyers also resort to manual communication methods (incl phone, fax, email, snail mail, corporate intranet) to communicate with suppliers, to request quotes, acknowledge POs, manage updates and exceptions to price, quantity, and delivery date, to confirm delivery, and to track and grade suppliers. These manual processes simply don’t scale. When tens or hundreds of buyers are managing hundreds of POs daily, with thousands of line items, and hundreds of suppliers, the result is chaos. There is a better way….. Q: How many buyers do you have? # of Suppliers? # of POs daily? # of line items? Q: What % of line items don’t arrive on time? What is the financial impact g to your business? How does that impact you personally? © 2018 SourceDay, Inc. -- CONFIDENTIAL

SourceDay Supplier Collaboration Engine One Common SaaS Cloud Portal ckno BUYER / PLANNER VENDOR 1 Request for Quote EXPEDITER PO Updates & Acknowledgement VENDOR 2 KPIs & Analytics THE ENTERPRISE EXECUTIVE Supplier Scorecards MANAGERS ASNs, Labels, & Quality Inspection VENDOR 3 Invoices & AP Automation Finance Zero Hardware Zero Software Zero IT SourceDay is a modern cloud-based Purchase Order Management solutions that automates the management of purchase orders from PO acceptance to product delivery for manufacturing and distribution companies. Sourceday streamlines communication between buyer and supplier, and eliminates manual processes while improving supplier performance, resulting in significant enterprise-wide business value. SourceDay increases supply chain visibility, improves supplier on-time deliveries, increases inventory turns, reduces supply chain errors, improves ERP accuracy, reduces risk of production downtime, leads to greater customer satisfaction, and optimizes the use of working capital. >>> SD also has Document Control; ASNs and Barcode Receiving Labels; and Quality management. Mobile is around the corner. © 2018 SourceDay, Inc. -- CONFIDENTIAL

25% 100% 35% 50% 90% 100% SourceDay’s Impact time saved for each buyer per week 100% ERP Purchase Order lines updated 35% supplier improvement in on-time deliveries 50% reduction in PO acknowledgement process steps 90% average reduction in data entry errors 100% of suppliers have a real-time scorecard © 2018 SourceDay, Inc. -- CONFIDENTIAL

Direct Procurement Optimization PURCHASE ORDER MANAGEMENT AUTOMATION AND SUPPLIER COLLABORATION FOR MANUFACTURERS A Single Portal Improve supplier collaboration, streamline your PO & AP processes, improve visibility, and reduce errors. SaaS Cloud-Based No hardware to buy, no software to install, no new IT resources; no cost for suppliers. On-Demand Data Access your data, KPIs and analytics from any device anywhere. Speed to Value SourceDay implements, on-boards, trains and supports all users. SourceDay manages the on-boarding process of users and suppliers….not your IT staff. © 2018 SourceDay, Inc. -- CONFIDENTIAL

DEMO www.sourceday.com