Outcome Driven Solutions (ODS) enhances ServiceNow Sourcing Operations, driving efficiency, cost savings, and strategic alignment in procurement processes

Core ServiceNow Sourcing Operations Capabilities

Some added benefits from working with ODS:

Strategic Category Management

ODS implements structured category management practices, aligning sourcing strategies with business objectives to drive efficiency and cost savings. By aligning UNSPSC standards with sourcing categories, ODS conducts market basket analysis to identify potential savings, enhancing procurement effectiveness. Having a centralized system simplifies regular data reviews, making it easier to conduct reliable spend analysis. Ultimately, this means procurement activities are based on solid, up-to-date information, which is a great benefit for everyone involved.

Enhanced Sourcing Optimization

Utilizing advanced analytics, ODS optimizes sourcing decisions by balancing cost, quality, and risk factors, leading to improved supplier selection and contract terms. This comprehensive approach ensures that procurement strategies are both efficient and aligned with organizational goals.

Return on Investment Tracking

ODS provides KPI dashboards that deliver detailed insights into expenditures by category and vendor, enabling organizations to identify cost-saving opportunities and optimize spending. This comparative analysis highlights incremental savings opportunities, facilitating more informed financial decisions.

With advanced analytics at your fingertips, you’ll be empowered to make smarter decisions that match your financial goals and operational needs.

Product Price Benchmarking

By facilitating comparisons of product prices across suppliers, ODS ensures competitive pricing and supports informed purchasing decisions. Advanced analytics optimize sourcing strategies, allowing organizations to achieve better value in their sourcing efforts.

This approach helps reduce costs while also enhancing the value of supplier relationships.

"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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