Workday Procurement training is a novel training that is not offered anywhere else in the world. Workday Procurement is built for global businesses of today. Workday addresses the unique requirements of both goods and services spend, and doesn't require you to deploy a multitude of disparate systems to bring your spend under management. From the requisition process all the way through to payment, Workday provides complete procure-to-pay functionality. We enable you to support and manage the information, policies, and processes relating to the acquisition of goods and services for your organization.
Restrict Suppliers to Companies
You can restrict the suppliers available for selection on transactions based on the selected companies or company hierarchies you associate with the supplier. When you restrict suppliers to a company or company hierarchy on the Create Supplier task, Workday only displays suppliers associated with the selected company or company hierarchy on the Supplier prompt for transactions where you can select a supplier. Otherwise, Workday displays all suppliers.
Supplier punchout connects you to the website of a supplier or marketplace so that you can browse the catalog of 1 or more suppliers, select items to purchase, and bring the items into your cart. When you click the punchout link from your cart, Workday opens the supplier website and displays the items that are applicable to your company. After you make your selections and complete your order, Workday adds the items to your cart. When you’ve returned to the cart, you can either connect to another supplier or check out of the cart. You can create a requisition from the punchout session and generate a purchase order.
The workflow you use to staff contingent workers starts by creating contingent worker job requisitions in HCM and routing them for approval. Once the requisition is approved and your organization finalizes recruitment, you can automate purchase order processing, track time against purchase orders, and automatically create invoices from approved timesheets. Independent contingent workers or staffing suppliers can access Workday to enter timesheets you can track against associated purchase orders. You can then initiate invoices based on the time and pay rate of the contingent worker.
Multiple Ordering Units of Measure
You can maintain multiple ordering units of measure (UOMs) on catalog items and purchase items. You can also enable catalog item maintenance on your purchase item tasks to unify item maintenance work on the Edit Tenant Setup - Financials task. When you select an item on a procurement transaction, Workday populates UOMs associated with the item on UOM prompts. Workday also populates pricing information based on the UOM you select.