With its patented AI-powered spend-classification engine that learns data idiosyncrasies for entire industries such as electronics, Zycus offers both standard and custom spend taxonomies that can be leveraged to accelerate analysis and drive classification accuracy across all categories to 90% and beyond. The complete Zycus Spend Analysis solution (iAnallyze, iMine) empowers electronics companies to:

• Perform powerful multidimensional spend reporting in support of specific business objectives, including parts standardization and reuse
• Build comprehensive and competitive insight into total costs across product lines and lifecycles
• Gain greater control over noncompliant spending and identify more opportunities for placing complex services categories under management by procurement
• Automatically generate strategic opportunities for supply base rationalization, contract compliance improvement, demand aggregation and payment terms rationalization in critical spending categories such as MRO, packaging, IT, professional services etc.

The Zycus e-Sourcing solution is built for speed and scalability, collapsing sourcing cycle times and enabling electronics companies to take full advantage of favorable commodity market conditions as they arise and drive to full market pricing transparency. Capable of modeling competitive sourcing events for everything from simple commodities to highly complex bills of materials, subassemblies and services (involving 10,000+ line items and 100+ suppliers), the Zycus e- Sourcing solution (iSource, iManage) enables electronics companies to:

• Quickly build scalable sourcing events and solicit supplier bids from anywhere in the world
• Analyze complex inputs and run a variety of optimization scenarios in order to design and optimize supply chains all the way from product concept and development through obsolescence
• Employ RFx templates specific to the electronic industry and start-to-finish workflow management for strategic sourcing initiatives

With its unique blend of supplier information management, performance management and collaborative performance improvement capabilities, the Zycus Supplier Management solution (iPerform, iSupplier) enables electronics industry procurement teams to:

• Obtain and maintain accurate and timely information around supplier credentials, certifications and audit reports
• Manage risks associated with supplier compliance to laws, regulations and environmental requirements such as RoHS, WEEE and other green initiatives
• Employ KPIs (on-time delivery rate, quality etc) for electronics supplier categories to track supplier performance
• Enhance supplier development programs by comparing supplier performance on SLAs and other contractual obligations

The Zycus Contract Management solution (iContract) minimizes risk exposure in contracts and empowers electronics-industry procurement organizations to:

• Ensure use of proper standard clauses for a wide variety of purchase types (for example electronic parts, OEMs etc. )
• Match transactions to contracts to assure utilization and compliance to pricing and other performance terms
• Make sure that contracts are never renewed without proper due diligence
• Ensure that supplier service level agreements (SLAs) are part of contracts to minimize risk in outsourcing relationships