Fourth Procurement and Inventory vs. Workday Strategic Sourcing

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Fourth Procurement and Inventory
Score 8.0 out of 10
N/A
Fourth 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
Score 7.6 out of 10
N/A
Workday Strategic Sourcing, formerly Scout RFP, which was acquired by Workday in late 2019, is a collaborative, cloud-based solution that makes sourcing a strategic arm of the business by providing greater visibility throughout the entire sourcing and supplier engagement process. The solution boasts 300,000 users in more than 155 countries have who manage their spend with the application.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
Community Pulse
Fourth Procurement and InventoryWorkday Strategic Sourcing
Top Pros
Top Cons
Best Alternatives
Fourth Procurement and InventoryWorkday Strategic Sourcing
Small Businesses
Webgility
Webgility
Score 9.7 out of 10
BILL Spend & Expense
BILL Spend & Expense
Score 9.0 out of 10
Medium-sized Companies
QuickBooks Desktop Enterprise
QuickBooks Desktop Enterprise
Score 8.3 out of 10
Lola.com
Lola.com
Score 8.0 out of 10
Enterprises

No answers on this topic

GEP SMART
GEP SMART
Score 8.8 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.
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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.
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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.
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Workday
  • Contract Pipeline
  • Contract Management
  • Supplier Onboarding
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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.
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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
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Support Rating
HotSchedules and Fourth
Too long to get an answer.
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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.
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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.
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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
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ScreenShots

Fourth Procurement and Inventory Screenshots

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Workday Strategic Sourcing Screenshots

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