Outcome Driven Solutions

Sourcing Operations

Drive Materials Cost Savings and
Optimization Across All Spend Categories

Sourcing operations enables businesses to secure high-quality goods and services at optimal costs, directly impacting profitability and competitiveness.

‘Sourcing Operations’ includes identifying potential suppliers, evaluating them based on predefined criteria, processing sourcing requests for new products or suppliers, managing the quotation and bidding process, coordinating with requestors for vendor or product selection approval, and forwarding approved sourcing requests to procurement for purchase execution.

The ServiceNow platform enhances productivity and visibility within Sourcing Operations by integrating disparate systems and suppliers into automated workflows. This seamless integration facilitates real-time data sharing and collaboration across departments, enabling informed decision-making and streamlined processes. The platform’s unified approach ensures that sourcing activities are transparent and aligned with organizational goals, improving efficiency and effectiveness.

We recommend ServiceNow for Sourcing Operations because it’s a ‘Platform first – solution.’ While there are dedicated solutions that may have another feature or two, those features are overshadowed when integrated into a comprehensive strategy.
The benefits of using ServiceNow for Sourcing Optimization allow you to track KPIs and achieve substantial ROI than other solutions.

With over 20 years of experience in procurement, logistics, and supply chain management, ODS is uniquely positioned to help organizations maximize their investment in ServiceNow Sourcing Operations. Our wisdom and experience enable us to design and deliver solutions that align seamlessly with your business objectives, ensuring that cost-optimization opportunities are identified and fully leveraged.

Some added outcomes delivered by ODS:

Category savings up to 20%
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.
Lower sourcing costs by 18-22%
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.

Realize annual savings up to
6%
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.

Avoid overpayments
of up to 20%
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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TESTIMONIALS

What Clients Say About Us

  • 200% Return on Investment
Disconnected visibility prevented us from taking advantage of volume purchase opportunities. Our team was also wasting 20% of their time on unfunded requests. On top of that, we were paying maintenance on expired infrastructure. We identified savings in the first 12 months that provided us with over 200% Return on Investment!
  • Reduced Efforts by 80%
We no longer blindly overspend our budgets because we have current information at our fingertips; we know what was approved, what has been committed, and our actual spend. After having the solution in place, our tracking efforts have been reduced by over 80%. In total, we've recovered the equivalent of 3 FTEs.
  • Doubled Team Productivity
We have a self-service portal so our consumers can view current status on-demand and make requests with real-time updates.
The level of trust between IT and the rest of the University increased overnight. Doubling the productivity of our teams while making our consumers happier made this a no-brainer.

How can we help?

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