Spend Matters 50/50: LiveSource (MFG.com) – A Provider to Watch in 2015

100 companies - 100 days


As the name of the parent company MFG.com suggests, this Atlanta-based company has strong roots in manufacturing. The company has gone from enabling pilot and low-volume runs of custom parts by matching suppliers with buyers to delivering a highly capable sourcing solution – LiveSource – as well as a supplier discovery via the network of qualified manufacturing firms/suppliers that the company has built over the years.

The company and its solutions largely live on the direct side, with the LiveSource solution having not just typical e-sourcing features but also being capable of disseminating complex CAD drawings from numerous platforms while keeping detailed track of which prospective supplier has seen which revision and when. This helps clients keep track of their intellectual property and ensure that suppliers are working off the current revision.

LiveSource is active on the performance management side, with a unique feature being a feedback mechanism on suppliers throughout all clients – a bit like Amazon’s review system.

As LiveSource focuses on manufacturing firms, it has also come up with a way to address the challenges posed by Section 1502 of the Dodd-Frank Act, aka conflict minerals reporting. Most elegantly executed through a discovery process that cascades upward across the tiers, LiveSource enables companies to gain visibility into their suppliers’ suppliers, all the way back to the source if needed.

Consider LiveSource and MFG.com for direct side needs, especially for e-sourcing of complex engineered parts and when trying to identify suppliers capable of low volume runs and the manufacturing of complex parts. Its Conflict Minerals reporting solution is an attractive bonus feature that might deliver full ROI all by itself.

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