Strategic Sourcing Software

WHAT YOU CAN DO

Source faster to achieve better business outcomes.

Workday Strategic Sourcing streamlines the source-to-contract process. With unprecedented levels of collaboration and visibility, sourcing has never been easier.

KEY CAPABILITIES

Sourcing project intake
Pipeline management
RFx and reverse auctions
Contract management
Supplier onboarding and performance management
Dynamic negotiations
Reporting and savings tracking

The highest-rated strategic sourcing suite.

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Close the sourcing loop.

Realize impact right away.

Workday Strategic Sourcing is easy to use and quick to deploy. In fact, most customers launch their first sourcing event within 30 days of sign-up.

Become a strategic partner.

Engage stakeholders and suppliers to drive collaboration and deliver results. Workday connects the enterprise to sourcing in a single platform.

Negotiate better deals.

Lead pricing conversations with real-time data and analysis. No toggling between spreadsheets. No chasing data down.

Collaborate on contracts.

Create and revise contracts across multiple stakeholders without worrying about version control or visibility. Our Microsoft Office 365® integration lets you comment and collaborate directly in Microsoft Word®.

Explore Use Cases

“In one event involving multiple global suppliers, we were able to present savings options to the business for millions of dollars.”

A Workday Strategic Sourcing dashboard showing supplier details in the supplier directory.

Get a clear view of your suppliers.

Seamlessly onboard and sync supplier records with Workday to ensure data accuracy. Then keep track of supplier performance and history over time, gaining insight into their activity, risk level, and contracted spend.

“Not only is Workday Strategic Sourcing intuitive enough for anyone at VMware to accomplish things independently, its flexibility gives my team the power to drive real change.”