|Procurement Solutions for Pharmaceuticals industry|
Global market conditions for pharmaceuticals companies 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 pharmaceuticals industry’s unique requirements and challenges.
Procurement Performance Impact
360-degree spend visibility and intelligent sourcing gives pharmaceutical industry procurement teams enormous power to increase profitability, maintain price competitiveness, minimize exposure to risk, accelerate cash flow and capture innovation from a global base of suppliers.
Disciplined and thorough contract and supplier management empowers pharmaceutical procurement teams to affect such business performance levers as product quality, consistency, safety, product-development cycle times and even brand reputation. It also allows them to assure supply-chain related compliance with a large variety of industry and government regulatory requirements.
|How Zycus Solution Can Help
With its patented AI-powered spend-classification engine that learns data idiosyncrasies for entire industries such as pharmaceutical, Zycus offers both standard and custom taxonomies that can be leveraged to accelerate spend analysis and drive classification accuracy across all categories to 90% and beyond. The complete Zycus Spend Analysis solution (iAnalyze) empowers pharmaceutical companies to:
The Zycus e-Sourcing solution (iSource) is built for speed and collapses sourcing cycle times, enabling pharmaceutical companies to take full advantage of market competition, even on relatively small, infrequent and unpredictable buys, without adding significant time and cost to the sourcing process. The solution offers RFx templates that are specific to the pharmaceutical industry and also fully configurable for virtually any item or service being sourced, including complex services such as clinical testing and contract manufacturing. The solution empowers pharma companies to:
With its unique blend of supplier information management, performance management and collaborative performance improvement capabilities, the Zycus Supplier Management solution (iPerform, iSupplier) enables pharmaceutical-industry procurement teams to:
The Zycus Contract Management solution (iContract) minimizes risk exposure in contracts and empowers pharmaceutical industry procurement teams to: