Outcome Driven Solutions (ODS) enhances ServiceNow Sourcing Operations, driving efficiency, cost savings, and strategic alignment in procurement processes
Core ServiceNow Sourcing Operations Capabilities
ServiceNow’s Sourcing Request Management streamlines procurement by centralizing sourcing requests into a unified platform. It automates workflows, ensuring efficient approval processes and timely fulfillment. The system integrates with stockroom management to optimize inventory utilization, automatically sourcing items from local stockrooms or initiating purchase orders when necessary. Real-time tracking and notifications keep requesters informed, enhancing transparency and user satisfaction. Additionally, the self-service portal empowers employees to submit and monitor their sourcing requests independently, reducing the administrative burden on procurement teams and promoting operational efficiency.
Sourcing Operations Playbooks and automate procurement processes traditionally managed through emails and spreadsheets. These playbooks provide user friendly experiences for employees, sourcing, and procurement teams, enhancing efficiency and consistency across operations. They offer step-by-step guidance, enabling procurement specialists to navigate complex processes with ease, thereby reducing errors and accelerating decision-making. Additionally, the integration of these playbooks with existing systems ensures a unified approach to procurement, promoting transparency and real-time visibility into sourcing activities. This comprehensive framework not only enhances operational agility but also drives strategic value by allowing procurement teams to focus on high-priority tasks, ultimately contributing to improved business outcomes
ServiceNow’s Sourcing and Procurement Operations (SPO) module seamlessly integrates with Contract Management Pro, enhancing procurement efficiency by automating the transition from sourcing to contract execution. This integration enables procurement teams to initiate contract workflows directly from sourcing activities, ensuring compliance and reducing manual errors. By unifying sourcing and contract management processes, organizations can accelerate procurement cycles, maintain better control over contract terms, and achieve improved supplier relationships.
ServiceNow’s Sourcing and Procurement Operations (SPO) solution offers robust reporting capabilities that provide real-time insights into procurement performance and trends. Users can create on-demand reports using a single data model, ensuring instant, up-to-date information. Predefined reports and dashboards are customized for each workflow, enabling quick data visualization and informed decision-making.
Some added benefits from working with ODS:
Strategic Category Management
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