Are your sourcing efforts missing opportunities to save money?
- Does your ServiceNow proactively highlight savings opportunities?
- Does it test your supplier prices for competitiveness?
- Is your bidding process efficient and supplier-friendly?
Some of the added benefits from working with ODS:
Category Spend Analysis
We can help you leverage ServiceNow Source-to-Pay to streamline data collection across different spend categories. With the ODS’ KPI Dashboards, you can easily analyze that information and provide a clear view into your savings opportunities.
With advanced analytics at your fingertips, you’ll be empowered to make smarter decisions that match your financial goals and operational needs.
Category Data Maintenance & Cleanup
Having a centralized system for managing data makes it easier to keep procurement information accurate and reliable. ODS leverages Source-to-Pay to help you clean up and standardize your data, providing consistency across different categories.
Plus, it simplifies regular data reviews, making it easier to conduct reliable spend analysis and streamline procurement operations. Ultimately, this means procurement activities are based on solid, up-to-date information, which is a great benefit for everyone involved.
Product Price Comparisons
We use ServiceNow to simplify how procurement teams keep track of supplier pricing information. Organizations can compare product prices in detail, making sure they get the best possible rates. This approach not only helps reduce costs but also enhances the value of supplier relationships.
By implementing efficient price comparison tools, organizations can stay informed about market trends and maintain their competitive edge.
Category Savings Opportunities
We know that analyzing procurement data can be challenging, which is why we have KPI Dashboards that analyze data from ServiceNow.
By dissecting procurement categories, our KPI dashboards will uncover inefficiencies and highlight new opportunities that show actionable strategies which can truly make a difference. By focusing on specific categories, we can highlight opportunities that directly support your financial goals, ensuring that your procurement activities contribute positively to your organization’s success.
Streamlined Bidding Process
By utilizing ServiceNow Source-to-Pay, we can help you simplify your bidding process, ensuring that every step is as smooth as possible. We understand how important it is to have a clear and efficient procurement workflow, which is why we offer standardized bidding forms and the creation of well-defined evaluation criteria.
Our goal is to help you reduce procurement cycle times and enhance supplier participation. We believe this boosts profitability for your organization and empowers your Procurement teams to work more efficiently and effectively, ultimately making each experience better.
ODS KPI Dashboards
The ODS KPI Dashboards provide a valuable suite of analytics tools that can help organizations monitor and evaluate performance across various metrics. By providing real-time visibility into key performance indicators (KPIs), these dashboards make it easier to identify trends, understand performance, and track cost-saving initiatives that drive incremental profitability.
This data-driven approach supports strategic decision-making, ensuring your procurement strategies are in harmony with your business objectives and pave the way for ongoing improvement. By implementing ODS KPI Dashboards, you can transform raw data into actionable insights, fostering a culture of transparency and accountability within your procurement function. This empowerment can really make a difference in how your organization navigates challenges and celebrates successes together.
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"By implementing ServiceNow Source-to-PayPO (S2P)and adding Northcraft's BI dashboards,we identified savings of $500,000 in just 6 months."
Kathy D, VP of Procurement
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Frequently Asked Questions
How long will it take to see the benefits of your solutions?
With the implementation of the KPI Dashboards, the benefits will be almost immediate.
Some customers hit breakeven on their first day!
Contact us if you’d like to learn how.
What integrations do you recommend in this phase?
The integration we always recommend in this phase is the Northcraft Analytics Dashboards. (contact us for more details)
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.