Elevate Asset ManagementAnd Optimize Inventories
Expand Visibility Beyond TraditionalAsset Management BoardersTo Unlock More Tangible Value
Are high carrying costs impacting your cash flow and operational efficiency?
- Do stockouts or overstocked inventory disrupt your ability to meet demand?
- Are your critical items readily available when and where they are needed?
- Do underutilized assets create inefficiencies and unnecessary expenses in your operations?
We specialize in delivering tailored ServiceNow solutions that enhance asset utilization and minimize carrying costs. Our approach is designed to be both effective and user-friendly, ensuring that your organization operates smoothly and efficiently. Here are some of the added benefits from working with ODS:
Reduce Carrying Costs
Managing the costs related to inventory storage can be challenging. We help you analyze and optimize these expenses by aligning your inventory levels with actual demand. This way, you avoid overstocking items that tie up capital and incur storage costs and the need to expedite orders due to stockouts.
Our strategies enable you to free up resources, improve cash flow, and ensure that your inventory management is both efficient and cost-effective.
Ensure Availability of Select Items
Imagine not having to worry about running out of essential items that keep your operations running smoothly. We implement intelligent reordering systems that monitor stock levels in real time. When quantities dip below a certain threshold, the system automatically triggers a reorder, ensuring that critical items are always on hand. This proactive approach prevents disruptions and optimizes inventory levels, saving you time and reducing costs.
Optimize Internal Asset Redistribution
Think about the resources within your organization that might be underutilized. By enhancing your Asset Management with Source-to-pay, we help you identify these assets and facilitate their redistribution to areas where they can provide more value to your organization.
By reallocating existing resources, you can avoid unnecessary purchases, make the most of your asset investments, and maximize every asset’s contribution to your operations.
Dynamic Reordering
Staying responsive to changing demands is crucial. Using ServiceNow Source-to-Pay, we help you set up dynamic reordering systems that adjust reorder points based on real-time data.
This ensures that your inventory levels are always aligned with current needs, preventing both shortages and excess stock. Maintaining optimal inventory levels can reduce carrying costs and respond quickly to market changes.
Final Destination Verification
Implementing receipt confirmation at the final destination, whether it’s a user’s workspace or a specific job site, ensures that assets are delivered accurately and are available for immediate use.
This practice enhances accountability, reduces discrepancies, and verifies that assets are functional where they are needed.
By leveraging technology for real-time tracking and confirmation, the process is streamlined, providing better visibility and control over asset optimization.
Charles S, Director of IT Financials
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Frequently Asked Questions
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.
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.
What integrations do you recommend doing in this phase?
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