SOFTWARE AND TECHNOLOGY USE CASE

High-performing procurement for the technology industry.

Learn how technology organisations can use Workday Strategic Sourcing to deliver quick time-to-value, scale sourcing operations and keep costs in check.

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Workday Strategic Sourcing dashboard, supplier detail.

Key use cases.

Stakeholder demand – enable procurement teams to partner with business stakeholders for sourcing initiatives. Use the intake request forms to capture essential project details for sourcing fulfilment from stakeholders.
Project tracking – manage and prioritise initiatives, drive collaboration and measure sourcing impact all in one place.
Sourcing events – execute the sourcing process for goods and services. Set up and publish RFPs/RFIs/RFQs, establish bidding activity with suppliers at scale and determine the optimal award scenario.
Reverse auctions – manage your pricing for goods or services with the use of reverse auctions, enabling suppliers to compete for bids in real time.
Supplier negotiations – analyse side-by-side comparisons of supplier bids and calculate savings based on the best possible business outcomes within your supply base. Use actionable data and current market trends to provide real-time feedback to suppliers on how to improve bids.

Contract management – centralise contracts in a common repository, gaining full visibility into your entire ecosystem of agreements. Collaborate on contract creation and revisions by seamlessly integrating with Microsoft 365®.
Supplier management – manage onboarding and data collection activities for all downstream transactions. Close the loop on the sourcing process through performance management activities, including quarterly business reviews and development plans.
Savings tracking – align procurement to the organisation’s top priorities. Quickly assess savings progress and attribute savings to specific categories or project owners.