The Workday Strategic Sourcing (WSS) Essentials course provides a concise and practical understanding of implementing WSS for streamlined procurement processes. Participants will explore key features, cross-product interactions, and security configurations. With real-world examples and hands-on exercises, attendees will gain the expertise needed to optimize sourcing and contracting workflows.
Workday Strategic Sourcing
WSS offers a streamlined platform for your sourcing-to-contract process. It enables you to effortlessly create and manage projects, sourcing events, contracts, and suppliers. It offers comprehensive insights into various vital aspects and explains the significance of setting up WSS, highlighting its relevance and benefits for your organization. Our course illustrates how WSS seamlessly integrates into the broader Workday ecosystem, ensuring a cohesive and efficient workflow. Understanding the downstream impacts and cross-product interactions becomes more accessible, allowing you to anticipate and manage potential challenges effectively.
With Workday Strategic Sourcing (WSS), you can easily manage sourcing projects in a three-stage pipeline: planned, active, and completed projects. Planned Projects: Create and define sourcing projects in the planning phase, setting objectives, budgets, and timelines. Active Projects: Initiate and carry out the procurement process, including supplier evaluations, bids, and contract development. Completed Projects: Review project outcomes, analyze performance, and use insights to improve future sourcing strategies. This simple pipeline helps streamline and track sourcing initiatives, leading to better supplier management and cost efficiency.
Our course equips participants with essential skills to effectively conduct sourcing events in currencies beyond the default USD. This concise and practical training program offers insights into configuring sourcing events with relevant currencies, ensuring accurate cost calculations, and maintaining financial transparency. Participants will gain proficiency in handling international transactions and leveraging Workday features to streamline global procurement processes. By the end of this course, participants will be well-prepared to navigate the complexities of global sourcing, fostering supplier relationships, and achieving procurement excellence on a global scale.
To guide students to empowers the knowledge and skills to create new contracts tailored to their organization's needs. Through this comprehensive training program, users will learn to leverage customizable fields to add specific terms, conditions, and payment details, ensuring contracts are tailored to their unique business context. Participants will also explore the functionality of setting up customizable milestones, enabling them to define key stages and events within the contract's lifecycle. By the end of the course, participants will be proficient in customizing contracts and milestones, enhancing their contract management capabilities and ensuring accurate and structured contract records in Workday.
This enabling you to efficiently locate and manage supplier information. The Supplier Directory in Workday allows users to conduct targeted searches based on specific criteria, such as supplier names, locations, categories, or performance ratings. This functionality streamlines supplier management processes, providing easy access to vital supplier data and enhancing collaboration and decision-making with key business partners. By utilizing the search and filter capabilities in the Supplier Directory, organizations can optimize their supplier relationships and ensure seamless procurement operations.
In this course, students will harness the power of Workday Strategic Sourcing (WSS) to make data-driven sourcing decisions. Through customized data tables, users can select relevant fields, filter criteria, and sorting options, tailoring reports to their specific needs. Leveraging interactive charts, participants will visualize sourcing metrics and trends, gaining valuable insights for improved decision-making. This course empowers procurement professionals to optimize supplier relationships, identify cost-saving opportunities, and drive strategic sourcing success within their organizations.
This course will help students to manage supplier relationships, conduct sourcing events, and optimize procurement activities. Workday Strategic Sourcing offers a user-friendly interface, allowing users to easily create and manage projects, sourcing events, contracts, and suppliers. With its cloud-based nature, the tool ensures accessibility and real-time collaboration, enhancing overall procurement efficiency and effectiveness. Whether you are a procurement professional or a business decision-maker, Workday Strategic Sourcing simplifies the procurement journey, enabling you to achieve cost savings and operational excellence.