Optimize Inventory Levelsand Asset Utilization
Lower costs and maximize asset efficiency with proactive inventory management.
Develop a cost-effective inventory system that aligns with demand by utilizing lean practices to minimize carrying costs and reduce waste. Implement smart reordering techniques to prevent stockouts and enhance shrinkage control. Improve operational efficiencies and achieving cost savings.
Reduce Obsolescence and Enhance Utilization
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.
Smart Reordering Strategies to Avoid Stockouts
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.
Shrinkage Control for a Leaner Supply Chain
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.
Reduce Asset Obsolescence
Proactively manage and retire aging equipment to prevent depreciation and excessive carrying costs. Leverage predictive analytics to plan maintenance and replacements, lowering operational expenses.
Streamline Inventories to Unlock Significant Savings
Reduce carrying costs by optimizing inventory to match actual demand. Implement lean inventory practices that maintain efficient stock levels and reduce excess holding costs.
Align Asset Usage with Demand
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 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.
Charles S, Director of IT Financials
Still doing your research?
Frequently Asked Questions
What is the base price to implement this phase?
Assuming previous phases were implemented by ODS, the base price for implementing this phase is $90K – $110K.
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.
What integrations do you recommend doing in this phase?
For this phase, we recommend the following integrations:
- Receiving (bi-directional) $20,000
- Invoice Intake, Approval, Status and Payment Info (unidirectional) $6,000
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
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?
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.