Case Study: Sharp HealthCare achieves millions in hospital supply savings with Workday Strategic Sourcing

Shaving millions off hospital supply costs

Sharp HealthCare was facing the challenge of simplifying and digitizing a complex procurement process tied to about $1 billion in annual spending, with manual workflows, multiple contract systems, and slow RFP cycles. To support its organization-wide transformation, Sharp chose Workday, including Workday Strategic Sourcing.

Workday helped Sharp streamline sourcing end to end, improve reporting, and increase stakeholder and supplier engagement. The results included $4.2 million in savings in the first six months, a reduction of RFP cycles by four weeks from a previous 12 weeks or more, consolidation of three contract systems into one, and better sourcing visibility across hospitals and teams.

Sharp

Ryan Koos

Chief Supply Chain Officer