SOFTWARE AND TECHNOLOGY USE CASE
High-performing procurement for the technology industry.
Learn how technology organizations can use Workday Strategic Sourcing to deliver quick time-to-value, scale sourcing operations, and keep costs in check.
Key use cases.
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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 fulfillment from stakeholders.
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Project tracking—manage and prioritize initiatives, drive collaboration, and measure sourcing impact all in one place.
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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.
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Reverse auctions—manage your pricing for goods or services with the use of reverse auctions, enabling suppliers to compete for bids in real time.
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Supplier negotiations—analyze 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.
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Contract management—centralize 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®.
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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.
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Savings tracking—align procurement to the organization’s top priorities. Quickly assess savings progress and attribute savings to specific categories or project owners.
See how we serve the technology industry.