Optimize Sourcing & Category Management Unlock Insights with Real-time Analytics
Lower Strategic Sourcing costs by
Lower Tail-Spend costs by
ServiceNow Module(s)
Sourcing and Procurement Operations (SPO)
Northcraft Analytics
ROI Estimator & Performance Dashboard
Phase 2 optimizes category management and sourcing strategies by leveraging ServiceNow’s Source-to-Pay playbooks and Northcraft Analytics ROI Performance Dashboards.
ServiceNow’s Sourcing and Procurement Operations (SPO) module categorizes goods and services using the UNSPSC framework, allowing procurement teams to analyze spend, manage suppliers, and optimize procurement categories.
By integrating ROI dashboards and intelligent strategy guidance, organizations achieves long-term savings, improved supplier collaboration, and enhanced procurement efficiency.
WhatOutcomes Does Phase 2 Deliver?
Significant Cost Reductions
By leveraging centralized data and streamlined procurement processes, companies can identify cost-saving opportunities, eliminate redundancies, and achieve up to a 15% reduction in procurement costs. This directly enhances the bottom line and frees up resources for other strategic initiatives.
Enhanced Supplier Performance
Improved visibility into supplier activities allows organizations to ensure higher quality, reliability, and service levels. With a reported 20% improvement in supplier performance metrics, businesses can build stronger, more productive partnerships, leading to better overall outcomes and reduced risks associated with supplier failures.
Streamlined Procurement Processes
Increased operational efficiency means that procurement teams can complete tasks faster and with fewer errors. Significant time savings through process automation allow organizations to focus on strategic activities rather than administrative duties, enhancing overall productivity and responsiveness.
Improved Risk Management
By systematically identifying and addressing risks related to different procurement categories, organizations ensure business continuity and compliance with regulatory standards. Effective risk management safeguards the company against disruptions, financial losses, and reputational damage, thereby maintaining stable and reliable operations.
Strategic Alignment with Business Goals
Ensuring that procurement supports and enhances overall business strategies leads to cohesive and unified efforts across departments. This strategic alignment not only drives business success but also ensures that procurement activities contribute meaningfully to long-term goals, fostering sustainable growth and competitive advantage.
ODS: Your Trusted Guide to Procurement Optimization
"ServiceNow’s Source-to-Pay solution transformed our processes."
reduced
processing costs
faster
procurement cycles
"By implementing ServiceNow’s SPO and adding Northcraft's BI dashboards, we saved $500,000 in just 6 months."
Kathy D, VP of Procurement
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Frequently Asked Questions
How long does the project implementation process take?
The implementation process usually takes between 3 to 6 months. The duration depends on the complexity of your environment, the speed at which decisions are made, and the efficiency of information provision.
Will you integrate ServiceNow with our current PO and ERP systems?
Yes, We have years of experience seamlessly integrating with most major PO and ERP systems to ensure data consistency and collaboration.
How long will it take to see the benefits of your solutions?
Our ServiceNow solutions are designed to deliver rapid results. We’ll work closely with you to set realistic timelines and milestones, ensuring you see tangible improvements as soon as possible. While some benefits, such as improved visibility and reduced manual effort, can be seen almost immediately after implementation, others, like cost savings and operational efficiency, become more apparent within a few weeks to months.
What kind of support does ODS provide after implementation?
We offer ongoing support, including training, system updates, and optimization services to adapt to your evolving needs.