LiveSource centralizes and streamlines collection and maintenance of supplier management. Suppliers enter data directly into the portal, eliminating administrative work. LiveSource supplier management integrates processes from all of your departments, so buyers always know a supplier’s status.
LiveSource is a single source of truth related to your supplier operational data: certificates, regulatory compliance, capacity, financial, insurance, etc. In addition, transaction data from other systems can be automatically added to data maintained in LiveSource. Automated alerts about negative performance trends along with supplier coaching events mitigate disruptions and improve supplier performance. Ditch your inaccurate, outdated supplier scorecards that contribute to launch delays, rework costs, nonconformances, and late delivery.
LiveSource delivers real-time information that better equips you and other departments for making decisions. Timely, accurate data means Purchasing awards business to the most qualified suppliers. Get ahead of lagging supplier performance before it causes disruption. Plus, every step of the process is traced and auditable for complete transparency.