Workday strategic sourcing: achieve better business outcomes
“The strategic and simple way to manage spend”
With sourcing and procurement being vital to the operations of a modern enterprise - now more than ever - Workday strives to help its customers remove their reliance on manual processes and legacy systems.
“To compete in today’s world, sourcing professionals need a platform that streamlines supplier workflows, breaks down departmental silos, and makes it easy for business users to engage and align with sourcing across the enterprise,” comments .
This is where the Scout RFP platform comes in.
Scout RFP is a Workday company. Its platform provides an intuitive strategic sourcing application for sourcing project intake; pipeline management; RFx and reverse auctions; contract repository; supplier onboarding and performance management; dynamic negotiations; and reporting and savings tracking.
With 97% of Scout RFP customers realising a 10x ROI within the first year of use, Workday outlines the key benefits of its Scout RFP platform:
- The ability to streamline the source-to-contract process
- Simplified sourcing requests across the enterprise
- The capability to maximise the impact of every supplier relationship
- Collaboration in real-time with stakeholders and suppliers
- Achieve better outcomes with actionable analysis
In addition to ROI, Workday reports that 90% of Scout RFP customers realise a positive cash impact, and 87% of Scout RFP customers launch their first event within a week of signing up.
“Not only is Scout intuitive enough for anyone at VMWare to accomplish things independently, its flexibility gives my team the power to drive real change,” commented Kellee Garcia, Center of Excellence Manager, Global Strategic Sourcing at VMWare.
SAP Ariba to digitise procurement for Expo 2020 suppliers
The global trade event, this year hosted in Dubai, was rescheduled from last year and will now take place between 1 October 2021 and 31 March 2022.
As the event’s Innovative Enterprise Software Partner, SAP Ariba solutions will fully digitise and automate the procure-to-pay lifecycle, providing a streamlined experience for thousands of market leading, global suppliers and strengthening the global supply chain with enhanced transparency and efficiency. The cloud-based platforms operate through on SAP Ariba’s UAE public cloud data centre and connects to the Ariba Network.
Expo 2020 "a long-term investment"
Mohammed AlHashmi, Chief Technology Officer, Expo 2020 Dubai, said the world trade event is “a long-term investment in the future that aims to enhance opportunities for sustainable business connectivity and growth”, which stretches beyond Expo 2020’s six-month window.
“Our partnership with SAP is an example of what can be achieved with the invaluable support of our technology partners to host one of the most digitally advanced World Expos ever,” he added. “The implementation of SAP Ariba solutions has transformed our end-to-end procure-to-pay cycle and helped set new standards of procurement automation for projects of this scale.”
To date, more than AED 1bn has already been transacted by Expo 2020 suppliers through SAP Ariba. The platform promotes collaborative partnerships and allows registered users to participate in sourcing events, negotiate and initiate contracts, and centralise their invoicing and payments in real time.
Claudio Muruzabal, President of EMEA South, SAP, said: “Expo 2020 Dubai is demonstrating global best practices in digitising its procurement process with SAP Ariba solutions to help gain visibility into its spend, tighten collaboration with its suppliers, and achieve process automation, including completely paperless invoicing.”
About Expo 2020 Dubai
Expo 2020 will take place in Dubai and is the first of the long-running World Expos to be hosted in the Middle East, Africa and South Asia territory. The original World Expo, called the Great Exhibiton, was hosted in 1851 at the Crystal Palace in London, designed as a showcase for the innovations of the Industrial Revolution.
Expo 2020 was originally due to run 20 October 2020 to 10 April 2021, but was last year postponed in light of COVID-19 restrictions - though some business has already taken place virtually. The event will place greater emphasis on innovation in sustainable solutions through the Sustainability District, blending technology and culture. It is expected that around 70 per cent of the 25 million attendees will be international visitors.