Outcome Driven Solutions

Optimize Inventories
and Asset Utilization

Lower costs and maximize asset efficiency with proactive lifecycle management.

Develop a cost-effective inventory system that aligns with demand by utilizing lean practices to minimize carrying costs. Implement smart reordering techniques to prevent stockouts and reduce obsolescence. Improve operational efficiencies and achieving cost savings.

Extend the lifespan of assets through policies that prevent obsolescence and ensure all assets are fully utilized. Effective management keeps inventory fresh and relevant, minimizing waste and maximizing value.

Implement intelligent reorder points and safety stock analysis to ensure you have the right items when needed. This system prevents stockouts and maintains smooth operations while minimizing the risk of overstocking, instilling confidence in your supply chain efficiency.

Enhance monitoring and control to reduce losses due to shrinkage. This proactive approach to shrinkage management ensures the safety and security of your assets, thereby reducing unnecessary costs and improving asset accountability.

Proactively manage and retire aging equipment to prevent depreciation and excessive carrying costs. Leverage predictive analytics to plan maintenance and replacements, lowering operational expenses.

Reduce carrying costs by optimizing inventory to match actual demand. Implement lean inventory practices that maintain efficient stock levels and reduce excess holding costs.

Adjust inventory and asset strategies to meet real-world demand, minimizing unnecessary purchases and maximizing the utility of each asset. This approach boosts operational efficiency and reduces excess spending.

Reduce Carrying Costs by
 10-15%
Improve Asset Utilization by
 5-20%
Reduce Maintenance Costs by
 5-15%
Outcome Driven Solutions

Reduce inventory holding costs, minimize obsolescence, and improve cash flow by optimizing asset lifecycle processes.

Implement just-in-time inventory management, facilitate end-user receiving, and automate invoice approvals to ensure efficient asset utilization.

Decrease unnecessary purchases, and streamline financial workflows to enhance operational efficiency and control costs.

Want to see tangible value from ServiceNow?
Click here to schedule a free consultation.
“ODS Implemented ServiceNow Source-to-Pay to transform our processes.

Our holding costs dropped by 25%, and by implementing ServiceNow APO (Accounts Payable Operations), we significantly improved our cash flow."

Charles S, Director of IT Financials

Still doing your research?

Click below to request our:
Free Inventory Management Guide to learn how to reduce inventory costs.

Frequently Asked Questions

Assuming previous phases were implemented by ODS, the implementation of this phase includes

  • Installation of ServiceNow Account Payable Operations (APO) module
  • Data and analytics connections to
    • Inventory Holding Costs
    • Invoice Automation
    • Demand Management
    • Shrinkage Management
  • Configure the ROI Performance Dashboard for these targets
  • Workshops to design and document groups/teams & roles
  • Invoice workflows and approvals
  • Asset lifecycle & receiving processes
  • Asset management analytics
  • Configuring rules & workflow automations
  • User Acceptance Testing
  • Training, go-live, and hypercare. 

For this phase, we recommend the following integrations:

  • Receiving (bi-directional) 
  • Invoice Intake, Approval, Status and Payment Info (unidirectional)

  • Invoices will be entered on either ERP side or ServiceNow side and synced to the other platform. Entry on both platforms, requires two unidirectional integrations 

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.

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. 

We offer ongoing support, including training, system updates, and optimization services to adapt to your evolving needs.

By modernizing sourcing practices and sharpening category management, you'll unlock new opportunities for cost savings and better supplier partnerships.
This brings strategic depth to your procurement processes with optimized contract utilization and pricing discounts, amplifying category-based savings.

TESTIMONIALS

What Clients Say About Us

  • 200% Return on Investment
Disconnected visibility prevented us from taking advantage of volume purchase opportunities. Our team was also wasting 20% of their time on unfunded requests. On top of that, we were paying maintenance on retired infrastructure. We identified savings in the first 12 months that provided us with over 200% Return on Investment!
  • Reduced Efforts by 80%
We no longer blindly overspend our budgets because we have current information at our fingertips; we know what was approved, what has been committed, and our actual spend. After having the solution in place, our tracking efforts have been reduced by over 80%. In total, we've recovered the equivalent of 3 FTEs.
  • Doubled Team Productivity
We have a self-service portal so our consumers can view current status on-demand and make requests with real-time updates.
The level of trust between IT and the rest of the University increased overnight. Doubling the productivity of our teams while making our consumers happier made this a no-brainer.

How can we help?

Outcome Driven Solutions (ODS) is your trusted guide  to unlocking tangible value from ServiceNow Source-to-Pay.

Our tailored strategies and enhancements ensure that each phase of your Source-to-Pay journey delivers measurable results.

Please use the form to the right to let us know how we can help.