Created in 2000 under the SourcingParts brand, LiveSource has grown over the last 18 years from a humble sourcing platform into a powerful supplier management solution for sourcing and procurement professionals at some of the world’s largest and most influential manufacturing companies.


$7.4 Million Growth Equity Round with Fulcrum Equity Partners Leading Investment

The funding was led by Fulcrum Equity Partners with participation from IDEA Fund Partners, Alerion Ventures, Knoll Ventures, Service Provider Capital, and Tamiami Angel Funds, as well as a group of industry-experienced individual investors that include Richard Haddrill, former CEO of Manhattan Associates, and Pervinder Johar, former VP of Supply Chain of HP who will be joining the Board of Directors.


Adding Advanced Quality Planning SQM (Supplier Quality Management)

Because suppliers are no longer just producers, quality is not only about the part approval process or non-conformity management. Full program management processes like Six Sigma or APQP need to be shared through the entire supply chain.


Adding SQM (Supplier Quality Management) and Part Quality

Because poor product quality can have a huge negative impact on revenue, brand value and reputation, a true Supplier Collaboration Network has to offer production part approval process as well as non-conformity management, including corrective action plans.


Upgrading Supplier Relationships To “Supplier Collaboration Networks (SCNs)”

2012 – 2014 Building Supplier Collaboration Networks allows manufacturers to narrow the scope of their supplier portfolios, increasing the collective capabilities of their preferred supplier base. Manufacturers begin to understand the benefits of highly connected and innovative supply chains that include, for example: VA/VE, collaborative innovation and tool sharing.


SRM (Supplier Relationship Management) For The Manufacturing Industry

2007 – 2011 Due to the growing number of suppliers generated by the benchmarking strategy, supplier overlap created by merges or acquisitions and the multiplication of compliance requirements and certificates, companies need to resolve poor data capture on suppliers which prevents meaningful analysis. Supplier risk management becomes a must.


e-RFQs & e-Auctions for Manufacturing Industry

2000 – 2006 The internet hits the purchasing world and makes it possible to structure a “1 to many” discussion. Global companies discover new supppliers, heavily use benckmarking and globalize their spend.

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