Purchase orders are typically viewed from a procurement perspective – usually to make key decisions about sales and inventory, or to audit vendors. But they can also provide the finance and project management teams with important information for planning processes. You can give key members of your planning team more direct access to these purchase orders by incorporating them into Workday Adaptive Planning.
In this video, Haley Elliot, presales solutions consultant here at Revelwood, demonstrates how Workday Adaptive Planning’s purchase order functionality can be used as a unified data point for teams across the organization. These include procurement, finance and project management.
By incorporating purchase orders with Workday Adaptive Planning you can transform your purchase order details from siloed and static information into dynamic forecasts that can be leveraged in a planning process across multiple business units in your organization.
This video is a Workday-approved planning template and is a conceptual framework for clients deploying Workday Adaptive Planning. This framework for purchase order management adheres to best-practice guidelines and has been validated by Workday with Revelwood clients who have successfully used it.
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Learn More about Workday Adaptive Planning:
Fueling Business Agility with Continuous Planning
FP&A Done Right: ESG – An Imperative for Growth
FP&A Done Right: Forecasting Revenue for Services-Based Businesses: A Growth Factor