Optimize Asset Financials &Streamline Invoice Operations
Reduce holding costs by
Optimize inventory levels by
Phase 3 focuses on improving inventory management, lowering inventory holding costs, minimizing obsolescence, and improve cash flow by optimizing asset lifecycle processes.
ServiceNow’s Accounts Payable Operations (APO) module enables just-in-time inventory management, end-user receiving, and automated invoice approvals, ensuring efficient asset utilization.
These efforts will maximize asset value, reduce unnecessary purchases, and streamline financial workflows for enhanced operational efficiency and cost control.
WhatOutcomes Does Phase 3 Deliver?
Incremental Cost Reductions
By leveraging predictive demand forecasting and just-in-time inventory management, organizations can minimize excess stock and reduce holding costs. Automated workflows and optimized asset redeployment further decrease unnecessary purchases and waste, leading to substantial savings.
Enhanced Operational Efficiency
Automation of inventory management workflows streamlines processes from procurement to distribution, reducing manual effort and minimizing errors. Real-time inventory visibility allows for swift decision-making and efficient resource allocation, ensuring that operations run smoothly and effectively.
Improved Productivity &Internal Satisfaction
Ensuring that internal teams have the right resources when needed boosts productivity and morale. Accurate demand forecasting and reliable inventory levels prevent delays and disruptions, enabling employees to focus on their core responsibilities without facing resource shortages.
Optimized Resource Allocation & Asset Utilization
ServiceNow’s intelligent asset redeployment and reuse strategies maximize the utilization of existing assets. By extending asset lifecycles and strategically deploying resources based on employee type and asset condition, organizations can make the most of their investments and reduce the need for new acquisitions.
Effective Risk Mitigation
ServiceNow helps mitigate risks associated with inventory management, such as stockouts, obsolescence, and asset shrinkage. Enhanced controls, real-time monitoring, and automated processes ensure that potential issues are identified and addressed proactively, safeguarding the organization’s operational integrity and financial health.
ODS: Your Trusted Guide to Procurement Optimization
"ServiceNow’s Source-to-Pay solution transformed our processes."
reduced
holding costs
fewer
stockouts
"Our holding costs dropped by 25%, and we significantly improved cash flow after implementing ServiceNow’s asset management solution."
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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.