REVERSE AUCTIONS
Bigger bottom-line impact with easy reverse auctions
Shorten negotiations with transparent bidding, advance supplier relationships, and maximize savings with Workday Strategic Sourcing.
See how it works
Provide a transparent platform where everyone wins
Enable suppliers to bring creative solutions to the table
Communicate priorities, constraints, process and award criteria clearly
Control auction strategy with custom auction lots
Decide what suppliers can view, including auction rank
Shorten negotiation cycle time with transparent bidding
Uncover the prices that matter with everyone on the same platform
Learn how reverse auctions help you saveStrengthen supplier relationships via collaboration
Select suppliers dynamically, in real-time and in one place
Invite new and active suppliers to participate, without using a separate system
Provide a fair and productive environment for suppliers
Communicate clear, helpful information to suppliers with a realistic scope of pricing requirements
Evaluate the subtleties and risks with each supplier, category, and event
Undertake due diligence by digging into time-based trends for every supplier
Explore the power of reverse auctions and learn how Adobe does it
Increase return-on-effort with streamlined sourcing
Drive bottom-line impact with additional cost-saving opportunities
Realize substantial savings on commodities and services with low substitution cost
Integrate reverse auctions into the overall sourcing process
Move seamlessly from a sourcing event to a reverse auction
Scale auctions with Workday Strategic Sourcing’s easy-to-use platform, with no special training
Schedule your auctions in advance and let the platform do the work for you
LEADING BRANDS TRUST WORKDAY STRATEGIC SOURCING
ACCELERATE RETURN-ON-EFFORT WITH REVERSE AUCTIONS
