The Hackett Group’s analysis highlights how Workday Strategic Sourcing streamlines procurement by automating supplier intake, vetting, and onboarding processes. The platform enables safer sourcing, supplier diversification, and risk management through integrations with third-party tools like Relish and OneTrust. It reduces administrative burden, speeds decision-making, and aligns procurement with strategic business goals such as cost savings, digital transformation, and risk reduction. Future enhancements will include sustainability and financial viability checks, and automated supplier rejection rules. Overall, Workday supports the shift of procurement from a tactical function to a strategic business partner.

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