AI technology based SDM software promises to drive 'increased adoption' of e-business amongst the 2 million plus U.S. Government Federal workforce, by providing detailed visibility to millions of products source via the e-government portal. The detailed visibility to products will benefit both end users searching for the products as well as procurement managers looking for additional savings.
New Jersey, U.S.:(March17, 2004) The General Services Administration (GSA) Federal Supply Service (FSS), has selected Zycus Spend Data Management software (AutoClass) leveraging AI technology for its GSA Advantage! e-marketplace to increase usability and drive additional sales.
GSA Advantage! which was set-up to facilitate the supply chain needs of the Federal Government was challenged from the outset to make it easier for customers to find products. This challenge was addressed by leveraging software tools that would help adopt UNSPSC, a global commodity coding standard, to classify the item master data. Using a manual approach, this task could take a several years and cost many millions of dollars.
“With increased adoption of GSA Advantage!, the Federal Government will potentially save millions of dollars from purchase transactions in products and services. The Zycus' Spend Data Management software integrated with the GSA Advantage! system, will automatically help categorize more than five million product and services data within the system to UNSPSC standards, and help people find what they need more easily,” said Mr. Al Iagnemmo, director of e-business for the FSS.
Zycus Spend Data Management™ software provides the in-depth visibility that is key to discovery of savings, adds Mr. Sandip Maiti, Director Marketing for Zycus Inc. Our powerful AI based classification technology has helped GSA effectively define a strategy to increase the user-friendliness of Advantage!.
“The GSA Advantage! initiative is a project with a compelling vision that is surely bound to meet the discerning needs of Federal Government buyers. We are confident that the Zycus Spend Data Management™ product solution will enhance the capabilities of the system and help drive the schedule sales through the system, resulting in savings of millions of dollars,” said Mr. Aatish Dedhia, CEO, Zycus Inc.
Zycus is a leader in Spend Data Management™ (SDM) with a compelling vision for enterprises who plan to transform their procurement organization and stay at the cutting edge of Supply Management. SDM is the foundation to cleanse, classify and enrich vendor, master and transactional data that powers on-going global spend analysis. Fortune 500 organizations such as General Electric, Dupont, 3M, Alcoa, US Federal Government Marketplace (GSA) and Unilever along with more than 35 Fortune 500 organizations have already implemented and experienced the power of Zycus software and solutions.
For media enquiries, contact:
Anurag Dixit
Director – Marketing, Spend Analysis Solutions
Zycus Inc.
Ph. +1 888 451 0145;
Email: anurag@zycus.com
© 2006 Zycus Inc. Zycus Spend Data Management™ is Zycus’ trademark.
All other trademarks, trade names, logos, brands if any, are used for identification purposes only and belong to their respective owners. |
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