Outcome Driven Solutions

Maverick Spend: What It Is And How To Control It

Maverick Spend

Maverick spend arises when employees bypass standard procurement channels, often due to two key issues:

Complex Processes: Employees find traditional systems cumbersome and time-consuming for simple orders.

Urgency: Employees make out-of-process purchases to meet immediate needs.

10 Steps to Lower Product Acquisition Costs with ServiceNow

Lower Product Acquisition Costs

A common observation throughout my 25 years of supply chain management and consulting, is that even large procurement organizations dedicate considerable time to purchasing low-value items. This is the exact opposite of what is wanted. Your valuable time should be spent on high value tasks.

So how do you reclaim time to work on high value tasks and get support and recognition for that effort? Three steps you can follow are:

I. Identify the low-value low-complexity products/services your plan to target.
II. Optimize the entire process from request through payment. Eliminate as many steps as possible and automate the rest. ODS calls the fully optimized process Touchless Ordering™.
III. Measure the savings and receive credit for your work.

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?

Whether you just have question, would like a demo, or are curious how much budget you could recover, fill out this form and we'll get back to you soon.