ODS Articles
Transform Category Management with ServiceNow’s Source-to-Pay: Cut Costs, Boost Efficiency
Sourcing professionals are constantly searching to enhance supplier relationships and at the same time, reduce costs. If you are a sourcing professional in a large organization, you have probably used category management as part of your sourcing strategy. At some point, you may have even worked as a Category Manager.
Why ServiceNow Source-to-Pay is the Future of IT Cost Management
Effective cost management is crucial for every successful business. It ensures resources are utilized wisely, budgets are adhered to, and financial goals are achieved. One of the biggest challenges for running IT like a business has been assigning the cost of IT to the consumers of IT.Add Your Heading Text
Streamline Your Hardware Asset Processes with ServiceNow’s Source-to-Pay.
In today’s fast-paced IT environment, effectively managing hardware refresh cycles is crucial for optimizing operational performance. By integrating your hardware asset refresh strategy with ServiceNow’s Source-to-Pay processes, you’ll unlock valuable insights that enable you to streamline workflows, extend asset life, and reduce overall costs. Here’s how this approach can transform
How ServiceNow’s Source-to-Pay Optimizes Maverick Spend
In the ever-evolving landscape of corporate Procurement, managing spend is a critical factor for controlling costs. Companies that want to enhance procurement operations, mitigate risks, and drive significant savings must pay close attention to how they optimize every dollar. One of the most pressing challenges in spend management is maverick
Revolutionize Your Procurement Processes with ServiceNow’s Source-to-Pay
In today’s rapidly evolving business landscape, companies are constantly seeking ways to enhance efficiency and reduce costs. One of the most significant opportunities lies in automating the procurement process. Companies that automate sourcing and procurement activities can reduce processing costs by a substantial 30%, leading to significant financial and operational
10 Steps to Lower Product Acquisition Costs with ServiceNow
A common observation throughout my 25 years of supply chain management and consulting, is that even large procurement organizations dedicate considerable time to purchasing low-value items. This is the exact opposite of what is wanted. Your valuable time should be spent on high value tasks.
So how do you reclaim time to work on high value tasks and get support and recognition for that effort? Three steps you can follow are:
I. Identify the low-value low-complexity products/services your plan to target.
II. Optimize the entire process from request through payment. Eliminate as many steps as possible and automate the rest. ODS calls the fully optimized process Touchless Ordering™.
III. Measure the savings and receive credit for your work.
