SourceDay empowers buyers to make more informed decisions with the launch of Items hub. This new center, powered by SourceDay Intelligence, analyzes your procurement data on a per supplier and per item basis. Items helps buyers understand item order and delivery history from a holistic perspective. SourceDay Intelligence analyzes receipts over time and alerts buyer teams to arrival irregularities and price fluctuations. These early alerts give buyers time to proactively manage and focus on more long-term strategic actions, such as improving supplier reliability, identifying opportunities for alternate item sourcing, and optimizing procurement processes.
Who can access this hub?
Items is available for all companies at no added cost.
Not seeing this page?
If your data spans multiple sites, we may need your confirmation to enable this page, similarly to the Item Risk report. Please reach out to your customer success manager or email support@sourceday.com and request access.
What’s included?
Items hub provides buyers a comprehensive view of all the items they’ve historically procured from their suppliers. Including:
- Total Orders: The total number of orders placed for the item per supplier.
- Total Spend: The total spend on each item per supplier.
- Average and Expected Lead Times: Historical and expected lead times for each item, broken down by supplier.
- Price year-over-year (YoY): Compares the 5 most recent orders this year to the 5 oldest within the last year
- Price variance: Average percent difference between the original and final PO prices
- Master price issue: When price variance exceeds 5%
Item risks
SourceDay Intelligence surfaces potential risks related to pricing and item arrivals, helping buyers proactively manage their supply chain. There are three main types of risks identified:
Price risks
Triggered when SourceDay Intelligence detects a price change for a specific item. Buyers can view additional details and update the master price within your ERP.
Master price issues – When purchase order (PO) prices frequently differ from the expected or master price, signaling possible misalignment
Price increase risk – When an item’s current price is at least 10% higher than it was one year ago
Late or early risks
| Triggered when SourceDay detects that items are consistently arriving early or later than the promised delivery date. Buyers can view additional details and update the item lead time within the ERP. |
Item scorecard
Buyers can review item performance per supplier in a comprehensive Item Scorecard.