TECHNOLOGY

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— Tom Kieley , co-founder and CEO , SourceDay

based on stock level , inventory , customer sales , orders , building materials etc ., Kieley maintains that , all too often , a key element is missing . “ Your ERP is only as trustworthy or as accurate as the data you feed into it ,” he says .

This is where SourceDay comes in . “ We ’ re enabling the procurement team , the supply chain organisation and others , to get real-time data from suppliers on their performance , from large scale orders down to a single part ,” says Kieley . In elaborate manufacturing projects , the absence or delay of a single piece of metal can derail million dollar deals . SourceDay works to give companies visibility into their suppliers ’ processes through trustworthy data that can then allow their ERP to function correctly . “ By doing that , we ’ re enabling the suppliers to perform at a higher level and be better suppliers to their customers ,” says Kieley .

At the heart of SourceDay is an idea that , Kieley admits , the company often undersells . “ We are a true multi-tenant platform . We ’ re basically an ecosystem of all suppliers that service the customers that use SourceDay ,” he says . “ We enable a buyer to be more strategic . The actual role of buying in a manufacturing distribution organisation is really to find and contract and manage lead times from their supply chain and get the best prices , lead times and quality . Those things all too often fall by the wayside because buyers are chasing their tails trying to get suppliers to ship what they need to ship on time , which rarely happens .”

By bringing visibility to the buyersupplier relationship , which creates trust in companies ’ ERPs and added value , SourceDay is further growing and supporting the ecosystem of interdependencies that represents

SEPTEMBER 2019