Spend Management / Supplier Management Software

Supplier Management Software

Stay compliant and keep up with constant change. Onboard suppliers with ease, maximize value, and minimize risk—on one intuitive AI platform.

Demo Capabilities

Supplier Management Dashboard displaying information about a selected supplier, including description, supplier status, segmentation, and risk.

Supplier Management Capabilities

The complete supplier lifecycle, simplified.

Keep up with the constant pace of change, from onboarding with flexible forms to proactively managing performance and risk with collaborative scoring and integrated data.

Dashboard depicting graph data for Supplier Events

Dashboard showing Performance Review data for a list of Suppliers

Dashboard showcasing the Intelligent Prioritization feature for critical suppliers, along with their score and performance data.

Dashboard showing list of RFPs and their current status.

150%

increase in monthly RFPs at GVSU

400+

external stakeholders served at OU Medicine

80%

of PO and invoice transactions automated at ChenMed

SUPPLIER MANAGEMENT benefits

A better experience for everyone.

01

Consistent requirements, auditable records.

Replace disconnected spreadsheets and emails with a repeatable onboarding process. So your team can easily gather the right information, apply consistent standards, and keep a clean supplier record.

02

Early risk detection, faster responses.

Spot supplier risks early and automatically loop in the right teams to respond. With Workday's third-party integrations, you can easily monitor financial health, security, fraud, and more.

03

Better performance conversations.

Use structured scorecards, stakeholder feedback, supplier self-assessments, and action plans to turn performance management into a continuous, collaborative process—not just a periodic exercise.

04

Supplier insights from day one.

Capture relevant information during supplier onboarding and throughout the relationship, helping teams assess supplier diversity, sustainability, and compliance requirements as part of a unified process.

05

A more proactive partnership.

Give internal teams a complete view of supplier status, performance, risk, and activity, while providing suppliers with a simpler experience. The result, a shift from reactive transactions to proactive partnership.

Resources

Gain insights and inspiration.

Demo

Simplify ESG with Supplier Management

Datasheet

Workday Supplier Management

Blog

Four Pillars of Supplier Management

Guide

Supplier Management

Supplier Management FAQs.

What is supplier management software?

What are the key capabilities of strategic sourcing software?

Workday’s supplier management software lets teams streamline onboarding with flexible forms and templates, track KPIs, conduct collaborative performance scoring, and monitor supplier risk using integrated third-party data. All supplier activity, including risk assessments, diversity data, and audit records, is accessible from a single unified hub.

How does supplier management software help reduce vendor risk?

Supplier management software continuously monitors and validates supplier risk by connecting with leading third-party data providers covering fraud, financial health, ESG, and security, then delivers automated alerts when issues arise. This allows procurement teams to take proactive action before disruptions affect operations.

How does AI improve supplier management?

AI accelerates key supplier management tasks by enabling intelligent prioritization of critical suppliers, surfacing actionable development items, and helping teams focus spend and partnership efforts where they matter most. Workday's platform uses AI to support faster, more informed decision-making across the supplier lifecycle.

What makes Workday’s approach to supplier management different?

Workday combines strategic sourcing and supplier management in one platform, giving teams a complete view of supplier performance, risk, and compliance without switching between tools. Suppliers also benefit from a single set of credentials to manage transactions across multiple buyers, creating a consistent and frictionless experience that increases engagement.

Supplier Management Software

Supplier Management Capabilities

The complete supplier lifecycle, simplified.

Streamlined Processes

Unified Supplier Hub

Intelligent Prioritization

Continuous Risk Monitoring

Single Supplier Login

Simplify onboarding, supplier reviews, and performance tracking with an intuitive interface and easy-to-use collaborative workflows.

Review activity with supplier forms, risk assessments, diversity data, and audit records—all in one unified hub.

Drive spend, improve partnerships, and mitigate potential risks with intelligent prioritization of your key suppliers.

Monitor and validate supplier risk with leading third-party data providers such as fraud, financial health, ESG, and security—and receive automated alerts.

Give suppliers one set of credentials to access multiple customer tenants, enabling them to manage all transactions across all buyers, from one place.

SUPPLIER MANAGEMENT benefits

A better experience for everyone.

Consistent requirements, auditable records.

Replace disconnected spreadsheets and emails with a repeatable onboarding process. So your team can easily gather the right information, apply consistent standards, and keep a clean supplier record.

Early risk detection, faster responses.

Spot supplier risks early and automatically loop in the right teams to respond. With Workday's third-party integrations, you can easily monitor financial health, security, fraud, and more.

Better performance conversations.

Use structured scorecards, stakeholder feedback, supplier self-assessments, and action plans to turn performance management into a continuous, collaborative process—not just a periodic exercise.

Supplier insights from day one.

Capture relevant information during supplier onboarding and throughout the relationship, helping teams assess supplier diversity, sustainability, and compliance requirements as part of a unified process.

A more proactive partnership.

Give internal teams a complete view of supplier status, performance, risk, and activity, while providing suppliers with a simpler experience. The result, a shift from reactive transactions to proactive partnership.

Resources

Gain insights and inspiration.

Supplier Management FAQs.

What is supplier management software?

Supplier management software is a digital platform that helps organizations onboard, monitor, and manage vendor relationships across the entire supplier lifecycle. It centralizes supplier data, automates workflows, and supports compliance and risk tracking to improve procurement outcomes.

What are the key capabilities of strategic sourcing software?

How does supplier management software help reduce vendor risk?

How does AI improve supplier management?

What makes Workday’s approach to supplier management different?

Ready to talk?

Supplier Management Software

Supplier Management Capabilities

The complete supplier lifecycle, simplified.

Streamlined Processes

Unified Supplier Hub

Intelligent Prioritization

Continuous Risk Monitoring

Single Supplier Login

Simplify onboarding, supplier reviews, and performance tracking with an intuitive interface and easy-to-use collaborative workflows.

SUPPLIER MANAGEMENT benefits

A better experience for everyone.

Consistent requirements, auditable records.

Replace disconnected spreadsheets and emails with a repeatable onboarding process. So your team can easily gather the right information, apply consistent standards, and keep a clean supplier record.

Early risk detection, faster responses.

Spot supplier risks early and automatically loop in the right teams to respond. With Workday's third-party integrations, you can easily monitor financial health, security, fraud, and more.

Better performance conversations.

Use structured scorecards, stakeholder feedback, supplier self-assessments, and action plans to turn performance management into a continuous, collaborative process—not just a periodic exercise.

Supplier insights from day one.

Capture relevant information during supplier onboarding and throughout the relationship, helping teams assess supplier diversity, sustainability, and compliance requirements as part of a unified process.

A more proactive partnership.

Give internal teams a complete view of supplier status, performance, risk, and activity, while providing suppliers with a simpler experience. The result, a shift from reactive transactions to proactive partnership.

Resources

Gain insights and inspiration.

Supplier Management FAQs.

What is supplier management software?

What are the key capabilities of strategic sourcing software?

How does supplier management software help reduce vendor risk?

How does AI improve supplier management?

What makes Workday’s approach to supplier management different?

Ready to talk?

Please accept cookies to continue.