|Procurement Solutions for Retail industry|
Global market conditions for retailers 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 retail industry’s unique requirements and challenges.
Procurement Performance Impact
360-degree spend visibility combined with intelligent sourcing gives retail procurement teams the power to increase profitability, accelerate cash flow and deliver a level of predictability on the supply side that can help to balance retail’s considerable demand-side risks.
Disciplined and thorough supplier and contract management solutions can help retail procurement teams to deliver exceptionally high and consistent levels of supplier performance and compliance needed to support lean, highly responsive and low risk retail supply chains. The solutions enable close collaboration with suppliers - regardless of global location - to continually improve performance and mitigate risks.
|How Zycus Solution Can Help
With its patented AI-powered spend-classification engine that learns data idiosyncrasies for entire industries such as retail, Zycus offers both standard and custom spend taxonomies that can be leveraged to accelerate analysis and drive spend classification accuracy across all categories to 90% and beyond. The complete Zycus Spend Analysis solution (iAnalyze, iCost) empowers retail procurement teams to:
The Zycus e-Sourcing solution is built for speed. It collapses sourcing cycle times to enable retail companies to take full advantage of market competition, even on relatively small or infrequent buys, without adding significant time and cost to the sourcing process. Capable of modeling competitive sourcing events for everything from simple commodities to highly complex major subcontracts, the Zycus e-Sourcing solution (iSource) empowers retailers to:
With its unique blend of supplier information management, performance management and collaborative development capabilities, the Zycus Supplier Management solution (iSupplier, iPerform) enables retail procurement teams to:
The Zycus Contract Management solution (iContract) minimizes risk exposure in contracts and empowers retail procurement teams to: