RETAIL USE CASE

High-performing procurement for retail companies.

See how retail organisations can use Workday Strategic Sourcing to make data-driven decisions, manage spend across locations and support supplier relationships.

Workday Strategic Sourcing contract summary report for retail industry.

Key use cases.

  • Streamline stakeholder requests – enable procurement teams to partner with business stakeholders to better support your stores. Use intake request forms to capture essential project details for sourcing fulfilment from stakeholders.
  • Strengthen sourcing strategy and project prioritisation – manage and prioritise initiatives, drive collaboration and measure sourcing impact – all in one place.
  • 规模采购事件——执行采购过程ss for goods and services. Set up and publish RFPs/RFIs/RFQs, establish bidding activity with suppliers at scale, collaborate with stakeholders to compare bids and determine the optimal award scenario.
  • Leverage reverse auctions – manage your pricing for goods or services with the use of reverse auctions, enabling suppliers to compete for bids in real time.
  • Improve supplier negotiations – analyse side-by-side comparisons of supplier bids and calculate savings based on the best possible business outcomes. Use actionable data and current market trends to provide real-time feedback to suppliers on how to improve bids.
  • Automate contract management – centralise contracts in a common repository to gain full visibility into all of your agreements. Collaborate on contract creation and revisions by seamlessly integrating with Microsoft® 365.
  • Enhance supplier onboarding and compliance – manage onboarding and data collection for all transactions. Ensure critical supplier data is kept up to date for compliance, and assign risk scores based on specific attributes.
  • Support supplier performance – close the loop on the sourcing process through performance management, including quarterly business reviews and development plans.
  • Validate savings – identify where savings are realised and how to avoid unnecessary costs. Attribute savings to specific categories or project owners.

看看我们如何服务于零售行业。

Learn how strategic sourcing can work for you.