HEALTHCARE USE CASE

High-performing procurement for the changing world of healthcare.

See how healthcare organizations can use Workday Strategic Sourcing to boost efficiency, drive supplier collaboration, and keep costs in check.

Workday Strategic Sourcing clinical supplies example RFP for the healthcare industry.

Key use cases.

  • Internal demand management—enable stakeholders and clinicians to submit new sourcing project requests for surgical instruments, medical devices, PPE, and more, and provide visibility throughout the request process.
  • Sourcing project prioritization—review projects based on priority and effort level. Track cycle times, savings metrics, and team communications in one place.
  • Value analysis—utilize qualitative and quantitative measures to evaluate requests with stakeholders against clinical outcomes, physician and patient satisfaction, and cost.
  • RFx management—execute the sourcing process, which encompasses developing and publishing RFx events, establishing bidding activity with suppliers at scale, and determining the optimal award scenario.
  • Reverse auctions—manage pricing for purchased services or commodity supplies with reverse auctions, enabling suppliers to compete in real time.
  • 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.
  • Contract management—centralize contracts in a common repository for 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 supplier transactions. Close the loop on the sourcing process through performance management activities, including quarterly business reviews and development plans.
  • Value tracking and reporting—understand exactly where savings are realized and where to expect the next cost avoidance. Attribute savings to specific categories or supply chain specialists.

See how Workday serves healthcare organizations.

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