Food and Beverage
|Procurement Solutions for Food & Beverage industry|
Global market conditions for food & beverage (F&B) manufacturers could not be more demanding. But if the challenges are numerous, so are the opportunities for procurement and supply management teams to affect business performance in positive ways. Zycus is here to help. We offer customized solutions that are highly attuned to the F&B industry’s unique requirements and challenges.
Procurement Performance Impact
360-degree spend visibility combined with intelligent sourcing gives food & beverage industry procurement teams enormous power to maintain cost competitiveness, increase profitability, minimize exposure to risk, accelerate cash flow and capture innovation from a global base of suppliers.
Disciplined and thorough supplier and contract management empowers Food & Beverage procurement teams to affect such business performance levers as product quality, consistency and safety and to ensure compliance with a vast variety of regulations and inspection requirements, including HACCP, ISO, OHSAS, GMP, Safe Water Act, USDA, FSIS, FDA and others.
|How Zycus Solution Can Help
With its patented AI-powered spend-classification engine that learns data idiosyncrasies for entire industries such as Food & Beverage, Zycus offers both standard and custom spend taxonomies that can classify to an extraordinary level of detail needed for key F&B inputs such as nutraceuticals, flavorings, preservatives and proprietary chemicals, driving spend classification accuracy to 90% and beyond. The complete Zycus Spend Analysis solution (iAnalyze, iMine, iCost) empowers F&B companies to:
The Zycus e-Sourcing solution is built for speed, collapsing sourcing cycle times to enable food & beverage makers to take full advantage of favorable commodity market conditions as they arise and minimize risks associated with the seasonal and perishable natures of many food inputs. The Zycus e-Sourcing solution (iSource, iOptimize) enables F&B manufacturers to:
The Zycus Supplier Management solution (iSupplier, iPerform) provides prepackaged KPIs for important F&B industry performance parameters such as legal and regulatory compliance, third-party certifications, environmental outreach, sustainable packaging, delivery performance and social responsibility. The solution enables F&B procurement teams to:
The Zycus Contract Management solution (iContract) minimizes risk exposure in contracts and empowers procurement to: