Advanced Category & Sourcing Strategies
Achieve more value and tangible ROI from every sourcing decision.
Many organizations struggle with fragmented workflows and limited visibility which can lead to inefficiencies and missed savings. By streamlining sourcing practices and sharpening category management, you'll unlock new opportunities for cost savings and strategic depth to your procurement processes
Amplified Volume Discounts and Rebates
Capture additional value by optimizing for volume discounts and rebates and limiting price escalations. With ServiceNow, you’ll gain insights to ensure that your sourcing decisions contribute to significant savings and favorable terms.
Sourcing Analytics That Transform Data into Opportunities
Drive intelligent sourcing strategies with analytics that reveal opportunities for consolidation and improved supplier performance. Access to real-time data ensures that every sourcing decision is informed by data and focused on adding value.
Strategic Sourcing for Sustainable Savings
Empower your organization to unlock value across every spend category by transforming sourcing into a strategic advantage. Utilize analytics and insights to identify the best suppliers, negotiate effectively, and secure long-term savings.
Improved Contracts and Incremental Savings
Enhance contract terms through effective utilization and strategic negotiations. Securing favorable terms protects your organization from cost escalations and increases the value of each contract.
Stronger Supplier Qualification Processes
Enhance your supplier base with a streamlined and rigorous qualification process that aligns with your organization’s goals. Reliable screening helps secure quality suppliers who consistently deliver, providing security and trust.
Optimize Categories for Maximum Impact
Maximize the benefits of each category using advanced management strategies. By understanding the dynamics of each category, you can achieve more significant savings and ensure alignment with organizational priorities.
ServiceNow Sourcing and Procurement Operations (SPO) categorizes goods and services using the UNSPSC framework, allowing procurement teams to analyze spend, manage suppliers, and optimize procurement categories.
By integrating ROI dashboards, organizations will achieve long-term savings, improved supplier collaboration, and enhanced procurement efficiency.
"By implementing ServiceNow’s SPO (Sourcing & Procurement Operations) 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
What Included In This Implement Phase?
Assuming previous phases were implemented by ODS, this phase includes:
- Installation of the ROI Performance Dashboard
- Data and analytics connections to
- Request Automation
- Spend Under Management
- Category Management
- Configuring the ROI Performance Dashboard for these targets
- ROI benefits estimation
- User Acceptance Testing
- Training, go-live, and hypercare.
To unlock the most value, we ALWAYS recommend integrating with Northcraft Analytics’ ROI Performance Dashboard.
What integrations do you recommend in this phase?
The only integration we recommend in this phase is into the Northcraft Analytics ROI dashboard – which does have annual subscription fee. (contact us for more details)
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.
How long will it take to see the benefits of your solutions?
With the implementation of the BI Dashboards, the benefits will be almost immediate. Some customers were able to hit breakeven on day 1.
Contact us if you’d like to learn how.
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.