WORKDAY-STRATEGIC-SOURCING

Workday strategic sourcing, ex-Scout RFP.

Definition

Workday Strategic Sourcing covers RFP, RFQ, RFI, supplier scoring, savings tracking, supplier relationship management. Native Workday Financial Management integration for post-award PO creation, Workday HCM for approvers. Modern front-office UI, mobile-first. Adopted by Slack, Snowflake, Asana, Box.

Origin

Scout RFP founded 2014 in San Francisco ; Workday acquisition November 2019 for $540M ; Workday integration 2020.

Example in context

Slack uses Workday Strategic Sourcing for cloud infrastructure RFP ; 7 suppliers scored and final award in 6 weeks.

Related terms

• Coupa — competitor.