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Fourth Procurement and Inventory vs. Workday Strategic Sourcing

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Fourth Procurement and Inventory

    Score8 out of 10
    N/AFourth Procurement and Inventory is software that ties together procurement, 3-way matching, inventory and recipe control. It’s fully integrated, mobile-friendly and can be accessed with a single login. Using predicted sales functionality and analytics, it lets the user forecast demand more accurately.N/A

    Workday Strategic Sourcing

    Score6.1 out of 10
    N/AWorkday Strategic Sourcing supports procurement by automating source-to-contract processes, from project intake to supplier management, and by surfacing contract obligations. It leverages Workday AI to provide insights and conversational tools that help teams identify savings opportunities and mitigate supplier risk.N/A
    Pricing
    Fourth Procurement and InventoryWorkday Strategic Sourcing
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    Fourth Procurement and InventoryWorkday Strategic Sourcing
    Free Trial
    NoNo
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    YesNo
    Entry-level Setup FeeNo setup feeNo setup fee
    Additional Details——
    More Pricing Information
    Best Alternatives
    Fourth Procurement and InventoryWorkday Strategic Sourcing
    Small Businesses
    No answers on this topic
    No answers on this topic
    Medium-sized Companies
    No answers on this topic
    Precoro
    Score9.5 out of 10
    Enterprises
    No answers on this topic
    GEP Quantum Intelligence
    Score9.1 out of 10
    All AlternativesView all alternativesView all alternatives
    User Ratings
    Fourth Procurement and InventoryWorkday Strategic Sourcing
    Likelihood to Recommend
    7.4
    (4 ratings)
    9.1
    (2 ratings)
    Support Rating
    7.5
    (4 ratings)
    -
    (0 ratings)
    User Testimonials
    Fourth Procurement and InventoryWorkday Strategic Sourcing
    Likelihood to Recommend
    HotSchedules and Fourth
    The product is user-friendly in automating the tasks, managing the master data through central purchasing, and creating custom reports. It lacks certain basic functionalities like a record of wastages, sending automated emails confirming if the automatic tasks (scheduled tasks) have been completed or not, and the ability to automate the nutrition information, etc.
    Incentivized
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    Workday
    Scout RP is wonderful to help keep an RFP very organized. It is excellent to have a single version, so that all team members helping compile an RFP response have a single place to know that they are on the current version. If a company doesn't want to respond within Scout RFP, it's my understanding that the RFP information can be exported from Scout RFP, compiled in a different tool (like XLS), and then pulled back into Scout RFP for submission. From a collaboration standpoint, there's not an easy way to "assign" questions or items. Sometimes at my company, we need different experts to answer different questions. We have to use another tool, like email or Slack, to let that person know he/she needs to answer. However, in other tools, a certain block can be assigned to the person internally within the tool.
    Incentivized
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    Pros
    HotSchedules and Fourth
    • The 'stock management' tab on the home screen is of particular use when keeping tabs on incoming deliveries into the restaurant.
    • The option to open and close your stock period is great as you have the chance to edit your stock at a moment's notice.
    Incentivized
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    Workday
    • Contract Pipeline
    • Contract Management
    • Supplier Onboarding
    Incentivized
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    Cons
    HotSchedules and Fourth
    • It would help massively to see via Enterprise and menu items what ones are no longer active, to keep the data tidy.
    • When you take purchase reports from Enterprise and select to organise them by category, show the name of the category on the actual report download.
    • Quick and easy upload/download of supplier products for correcting prices, descriptions, prices in bulk.
    Incentivized
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    Workday
    • No way to flag where I need an internal colleague to review or add to an answer
    • No way to assign items to an internal team member for that person to answer a question
    • No status bar of the remaining items not yet answered
    Incentivized
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    Support Rating
    HotSchedules and Fourth
    Too long to get an answer.
    Incentivized
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    Workday
    No answers on this topic
    Alternatives Considered
    HotSchedules and Fourth
    No answers on this topic
    Workday
    I have only used RFPIO to facilitate searching for RFP answers. I have used Scout RFP only to respond to customer RFPs. I assume they have functional overlap, but my interactions with each have not included this functional overlap. For each tool's respective use, I have found them very simple, intuitive, and helpful.
    Incentivized
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    Return on Investment
    HotSchedules and Fourth
    • Procurement: Integrating some of the key suppliers with Trade Simple has saved labour hours.
    • Integration: GL Integrations have increased the efficiency and quality of data.
    Incentivized
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    Workday
    • Contract Management has saved a ton of time and energy
    • Reporting has been helpful
    • Spend management has improved over time
    Incentivized
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    ScreenShots

    Fourth Procurement and Inventory Screenshots

    Product screenshotProduct screenshotProduct screenshot

    Workday Strategic Sourcing Screenshots

    Screenshot of Workday Strategic Sourcing Contract Lifecycle ManagementScreenshot of Workday Strategic Sourcing Supplier Relationship ManagementScreenshot of Workday Strategic Sourcing Strategic Sourcing DashboardScreenshot of Spend Management