Inventory Management vs. Warehouse Management
This article defines inventory management and warehouse management, the benefits and challenges of each, and why an integrated solution to managing the entire supply chain is the best approach.
Procurement
Guidance and insights into procurement management.
-
-
Keeping the Best and Brightest in Tech During a Talent Shortage
In the current talent market, the tech industry requires an innovative strategy to attract and keep top talent. Learn some of the strategies that are on the rise to help build talent pipelines and keep a step ahead of competitors in attracting talent.
-
How to Manage High-Volume Recruiting With Your Vendor Management System
Utilizing a vendor management system (VMS) to help your business during periods of high-volume hiring is key to an efficient recruiting strategy.
-
3 Key Takeaways From the Vendor Management Systems (VMS) PEAK Matrix® Assessment 2024
Streamline and improve efficiency with these key global contingent workforce management takeaways from Everest Group’s Vendor Management Systems (VMS) PEAK Matrix® Assessment 2024—Global.
-
Healthcare Payors: Effective Management Tips for Your Contingent Workforce
Integrating a vendor management system can revolutionize the management of the contingent workforce for healthcare payors, ensuring efficiency and reliable data.
-
Optimizing VMS ROI Through Total Workforce Strategy
A vendor management system is designed to support the end-to-end lifecycle of your contingent workers but it can also help you achieve a total workforce strategy that’s streamlined and simple.
-
Workday Podcast: Elevating MSP Contingent Workforce Programs with Strategic Partnerships
Managing contingent workforce programs becomes simpler when managed service providers (MSPs) partner with the right vendor management system. In this podcast, we talk with two MSP experts about how to form strong partnerships to better utilize the extended workforce.
-
3 Ways Healthcare Organizations Can Build Better Supply Chain Resilience
Healthcare’s supply chain challenges aren’t going away—in fact, they’re becoming more unpredictable. Here’s how organizations can respond to ongoing disruption with precision, agility, and resilience.
-
Workday VNDLY Named a Leader and Star Performer in Everest Group’s Vendor Management System (VMS) PEAK Matrix® Assessment 2024
The 2024 PEAK Matrix® report from Everest Group paints a bright future for vendor management systems.
-
3 Ways to Align HR and Procurement on the External Workforce
HR and procurement make powerful allies when it comes to the external workforce. See how to foster a strong partnership between these teams to benefit both your business and your contingent workers.
-
Understanding the Value of a VMS: Assess Your Organization’s Technology Maturity
Broaden your understanding of the contingent workforce management technology maturity model—and identify where your company fits within this framework—to help build a business case for a VMS.
-
Bolster Your Talent Strategy With a Flexible Workforce: 3 Crucial Tips
Closing the talent gap is a persistent issue for organizations, exacerbated by rapid technological advancements. Addressing it requires a flexible talent strategy that includes utilizing the contingent workforce and promoting internal talent mobility.
-
The Changing Financial Services Workforce: 5 Advantages of a Vendor Management System (VMS)
As the external workforce in the financial services sector grows, the need for technology to manage contingent workers grows with it.
-
4 Ways the Contingent Labor Provides Workforce Solutions for Financial Services
External workers are an essential part of any workforce, but in the financial services industry, they have become the solution to many labor struggles.
-
KeyBank: High-Performance Procurement in Action
Procurement teams play an important role in their company’s ability to find efficiencies, trim costs, and drive digital transformation. Learn how KeyBank—with 2,000 vendors and more than 5,000 contracts in motion—adopted a unified source-to-pay platform to push its procurement transformation forward.
-
Growing a Blended Workforce: How HR Can Support Contingent Talent
Bringing together HR expertise, technology, and the contingent workforce provides massive benefits to enterprises around the world. Learn how and why in this podcast with Sapient Insights Group.
-
To Build a Better Supply Chain, Planning and Sourcing Teams Must Collaborate
A new report from Harvard Business Review Analytic Services finds that organizations that leverage collaborative technology between the financial planning and analysis (FP&A) and the sourcing and procurement functions can optimize their supply chain.
-
Why Does My Company Need a Vendor Management System?
Is your company bringing on more contractors, consultants, and gig workers? It might be time to consider how you’re managing your extended workforce.
-
Introducing Workday VNDLY: One Workforce, Working Together
We caught up with Shashank Saxena and Mariana Santiago, co-general managers of Workday VNDLY, to discuss the latest developments for our extended workforce and vendor management system—and its role in powering the future of work.
-
The Contingent Workforce: A Strategic Lever to Drive Resilience and Sustainable Agility
Businesses increasingly depend on contingent workers for workforce agility and flexibility. Leaders from Everest Group explain how vendor management systems (VMS) have evolved with this trend and can deliver advanced technology capabilities to manage the contingent workforce.
-
How to Spot, and Avoid, Vendor Management System Red Flags
Scaling the modern contingent workforce requires technology platform support. Learn how to spot the differences between old technology and truly innovative VMS platforms.
-
How to Enable Digital Transformation for Your Entire Workforce
CHROs are pursuing digital transformation in order to better manage their entire workforce—including contingent workers. To reach that goal, they should align with their partners in the C-suite before the technology selection process starts.
-
The Power of Optimization Across the Entire Workforce–Including Extended Workers
Anticipating the future of work can set your business up for success. Find out why you should fit total workforce optimization into your strategic plan.
-
Supporting the MSP and VMS Partner Relationships for Successful Contingent Labor Programs
Many organizations look to a managed service provider (MSP) to manage their contingent labor program. In order to deliver on program goals, a vendor management system (VMS) that empowers MSP teams is critical.
-
Customizable Technology to Help Overcome Change Management Challenges
With a customizable VMS, you can change your technology to better suit your business and get better support for change management in your contingent workforce program.
-
Embracing the Future of Total Workforce Management
The future of sourcing, managing, and paying for your workers starts with integrating your VMS and HCM systems to enable total workforce management.
-
Workday Podcast: Why Supplier Diversity Is Mission Critical for Healthcare Organizations
In this podcast episode, we connect with a customer, Berri Heinz, director of supplier diversity at Prisma Health, who shares insights on the importance of supplier diversity for healthcare organizations, patients and providers, and our communities at large.
-
Understanding the Core Invoicing Capabilities of Vendor Management Systems
Invoicing functionality is fundamental to a VMS. In this article, we take a look at the latest invoicing innovations and discuss how these capabilities can be leveraged to effectively support your extended workforce program.
-
6 Signs a VMS Is Truly Innovative
Whether you’re assessing your current vendor management system or in the market for a new product, here are six steps your provider should be taking in order to create innovation that has true impact.
-
Workday Podcast: Driving Procurement Transformation Through Strategic Contract Management
Canda Rozier, founder and president of Collabra Consulting, shares her insights on how to uplevel procurement through proactive collaboration and strategic contract management.
-
6 Advantages of Aligning Financial Planning With Sourcing During Uncertainty
Discover how procurement and sourcing teams are collaborating with financial planning and analysis teams to drive savings and maintain business continuity despite economic volatility.
-
How 4 Healthcare Leaders Built Resilient Supply Chains
Learn how Workday healthcare customers helped their organizations increase agility and resilience by taking their supply chain processes to the cloud.
-
8 Ways to Supercharge Supplier Contract Management
Learn best practices for creating a supplier contract management strategy to identify supplier gaps and drive savings.
-
What Is Strategic Sourcing? A Comprehensive Overview
In this article, we provide an in-depth overview of strategic sourcing, its critical role in the business, and how strategic sourcing systems can empower teams to adapt to a changing world.
-
Understanding the Basics: What Is Procurement?
Businesses are realizing that strengthening procurement, strategic sourcing, and supply chain management is critical to their success.
-
How 2 Workday Customers Leverage Strategic Sourcing to Navigate Uncertainty
The pandemic exposed the need for technology upgrades within procurement, an area that has been historically underserved when it comes to tech investment. Discover how two Workday customers used cloud-based tools to find creative ways to thrive during the pandemic.
-
3 Industries Driving Customer-Centered Innovation With Cloud Technology
Learn how three industries are driving the “last mile of industry innovation” with the right cloud partner.
-
3 Ways Ralph Lauren Accelerates Procurement
The global sourcing leader at Ralph Lauren shared insights and best practices for driving high-performing procurement at our Conversations for a Changing World digital event.
-
What Financial Services Companies Should Do When Cost Cutting Isn't Enough
In the face of ongoing pressures, financial services institutions should optimize procurement to reduce costs without operational and customer-facing disruption.
-
4 Pillars of an Effective Supplier Management Program
Building out a supplier relationship management (SRM) program doesn’t have to be intimidating. Explore the four pillars of a successful SRM program and best practices for driving supplier performance.
-
3 Main Advantages to Smarter Sourcing
The future is in the cloud. Explore three ways a digitally enabled sourcing team can empower the business and close the digital acceleration gap.
-
Why Partnering With Diverse Suppliers Is a Win-Win for the Enterprise
Procurement teams have an opportunity to meaningfully contribute to their companies’ diversity and inclusion goals by consciously partnering with diverse businesses, defined as any company that is at least 51% owned by persons identifying with underrepresented groups.
-
How Automation Helps Strategic Sourcing Teams Do More With Less
After being stress-tested by the pandemic, leaders are finding innovative ways to elevate the office of procurement despite limited resources.
-
Harvard Business Review: 4 Ways Procurement Is Evolving in 2021 and Beyond
Harvard Business Review finds that procurement’s role in the enterprise is evolving, and explains how leaders can empower their teams to act strategically.
-
The Met Illustrates the Power of Partnerships
The COVID-19 pandemic hit right when The Metropolitan Museum of Art was in the midst of digitally transforming its procurement business. Two procurement leaders share their experience and lessons learned through this unexpected journey.
-
How New Human Rights Legislation Impacts Global Procurement Leaders
Human rights compliance regulations across the globe are challenging enterprises to take a hard look at their supply chains and highlighting the importance of procurement.
-
Workday to Acquire Scout RFP: Helping Transform the Office of Procurement
Workday has entered into an agreement to acquire Scout RFP, a leading cloud-based platform for strategic sourcing and supplier engagement. The acquisition of Scout RFP will help accelerate Workday’s ability to deliver a comprehensive source-to-pay solution with a best-in-class strategic sourcing offering, elevating the office of procurement in strategic importance and transforming the procurement function.
