Exploring Sourcing and Procurement Operations

  • Release version: Washingtondc
  • Updated February 6, 2024
  • 4 minutes to read
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    Summary of Exploring Procurement Service Management Source-to-Pay Operations

    ServiceNow® Procurement Service Management (PSM) offers a streamlined, automated tool for employees to request and source goods and services needed for their work. It enhances procurement operations by providing an easy-to-navigate shopping experience, integrating various applications that facilitate the source-to-pay process.

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    Key Features

    • Shopping Hub: A user-friendly interface for employees to manage a catalog, request services, and receive updates on their procurement processes.
    • Purchase and Receipt Automation: Automates workflows for sourcing requests, negotiations, and purchase requisitions.
    • Procurement Case Management: Allows employees to submit service requests, enabling procurement teams to manage and fulfill these requests efficiently.
    • Procurement Workspace: A centralized environment for specialists to handle various procurement tasks.
    • Performance Analytics: Offers pre-configured dashboards to assess spend, operational efficiency, and team performance, aiding strategic decision-making.
    • Mobile Accessibility: ShoppingHub Mobile enhances employee engagement with procurement on mobile devices.
    • Virtual Agent Experience: Utilizes conversational interfaces for employees to raise requests and access information easily.
    • AI Search: Provides a modern search engine across various platforms, improving accessibility to procurement information.

    Key Outcomes

    By implementing Procurement Service Management, organizations can expect improved procurement efficiency, enhanced employee satisfaction through simplified processes, and better visibility into procurement operations. The system's automation and analytics capabilities lead to more informed decision-making and optimized resource allocation.

    Use ServiceNow® Sourcing and Procurement Operations to provide your employees, shoppers, or requesters with a simple automated tool that they can use to shop for goods and services that they need at work.

    Sourcing and Procurement Operations applications

    Sourcing and Procurement Operations (SPO) comprises the following applications:

    Shopping Hub
    With this application, provide a streamlined, e-commerce like experience for your employees to self-service requests, and source or purchase products and services through the procurement organization. This is an add-on experience to Employee Center.
    Shopping Hub enables you to do the following:
    • Manage a catalog of goods and services that your employees can use to order items that they need for their jobs.
    • Simplify and streamline the way employees request help in sourcing or procuring goods and services.
    • Suggest and guide employees to the correct suppliers.
    • Provide transparency into the procurement process with regular updates.

    For more information on these, see Using ShoppingHub.

    Source-to-Pay Common Architecture
    With this application, provide an architecture to store purchase orders, requisitions, sourcing requests, and other objects that are commonly used across the source-to-pay business processes.

    For more information on these, see Components installed with Sourcing and Procurement Operations.

    Sourcing and Purchasing Automation
    With this application, provide workflows and automation for sourcing requests, negotiations, and purchase requisitions.

    For more information on these, see Sourcing and Purchasing Automation.

    Procurement Case Management
    With this application, enable all your employees to request services from the procurement team, and allow the procurement team to manage those requests.

    For more information on these, see Procurement Case Management.

    Playbooks for Sourcing and Procurement Operations
    With this application, provide a set of pre-built playbooks, workflows, and experiences for your employees, sourcing, and procurement to automate work that is typically managed through emails and spreadsheets.

    For more information on these, see Purchase revision flows.

    Source-to-Pay Workspace
    With this application, provide a single environment for your Procurement Specialists to work on purchase requisitions, sourcing requests, negotiations, procurement requests, and more.

    For more information on these, see Source-to-Pay Workspace.

    Advanced Work Assignment for Source-to-Pay Operations
    With this application, provide configurations to support automatic routing, queuing, and assignment of procurement cases, emails, and live agent chat conversations.

    For more information on these, see Advanced Work Assignment for Source-to-Pay Operations.

    Performance Analytics for Sourcing and Procurement Operations
    With this application, provide a set of pre-configured metrics and dashboards to assess spend, operational efficiency, and team performance across the Sourcing and Procurement Operations product.

    Visually analyze how you are placed with your work and achievements over a given period of time, with the Procurement Buyer Dashboard. For more information on these, see Procurement Buyer Dashboard.

    Visually analyze how your organization is placed strategically and operationally, over a given period of time, with the Procurement Strategy & Ops Dashboard. For more information on these, see Procurement Strategy & Ops Dashboard.

    Visually analyze how your team is performing on sourcing requests, purchase requisitions, negotiated savings, and negotiation outcomes, over a given period of time, with the Procurement Team Performance Dashboard. For more information on these, see Procurement Team Performance Dashboard.

    Note:
    Activation of this application on your production instance may require a separate Performance Analytics license.
    Shopping Hub Mobile
    With this application, enable Shopping Hub and other employee experiences for procurement within the Now Mobile application.

    For more information on these, see Shopping Hub Mobile.

    Virtual Agent for Sourcing and Procurement Operations
    With this application, provide pre-configured topics for sourcing and procurement within a conversational interface, for employees to raise requests, find knowledge, and complete tasks.

    For more information on this, see Virtual Agent for Sourcing and Procurement Operations.

    Natural Language Understanding Models for Sourcing and Procurement Operations
    With this application, provide Natural Language Understanding (NLU) models to enhance the virtual agent conversation interface, using natural human utterances to detect the correct conversations intended by employees.

    For more information on this, see NLU support for Sourcing and Procurement Operations Virtual Agent.

    Common Service Delivery
    With this back-end application, store Service Task and Service Request tables, as well as other infrastructure that forms the basis of the Finance and Supply Chain Workflows products.
    Finance Common Architecture
    With this application, maintain primary data such as Enterprise Resource Planning (ERP) sources, legal entities, accounting periods, and so on.

    For more information on these, see Components installed with Finance Common Architecture.

    Request apps on the Store

    Visit the ServiceNow Store website to view all the available apps and for information about submitting requests to the store. For cumulative release notes information for all released apps, see the ServiceNow Store version history release notes.

    Learn more about Sourcing and Procurement Operations Additional ServiceNow resources
    Access additional ServiceNow resources available to you, including release notes, Known Error Portal, ServiceNow University, Now Create, ServiceNow Community, and YouTube.

    Sourcing and Procurement Operations release notes

    Known Error Portal

    ServiceNow University:

    SPO Implementation Essentials

    SPO Implementation Bootcamp

    Now Create

    YouTube:

    Multiply the value of your ServiceNow platform with Source-to-Pay workflows

    ServiceNow Community