Zycus Webinar 
Zycus Webinar
Zycus to Host Special Web Seminar on Growing Importance of Procurement Departments with the help of Spend Analysis Technology Innovations
PRINCETON, N.J, July 19, 2011 - Zycus, a world leader in Spend Management Solutions, announced today that, on July 27, 2011 at 2-pm US-EDT, it will host a special educational web seminar focusing on the increasing importance of the procurement departments in organizations today. By empowering these departments with access to real time market and spend data information, organizations can identify more savings opportunities and add value to their bottom line.
The webinar will feature Nick Little, Assistant Director of Executive Development, Eli Broad Graduate School of Management, Michigan State University and Director, APICS Education and Research Foundation along with Shailendra Singh Rao, Product Marketing Manager with Zycus. The speakers will address:
- Factors provoking spend analysis innovation (and directions in which this innovation is headed),
- New technology that facilitates commodity sourcing strategies by combining market intelligence from multiple sources with spend analysis, and
- Real-time spend-data classification that increases the effectiveness and efficiency of the spend analysis processes.
Procurement departments continue to evolve as key value drivers within their organizations, with access to real time information allowing them to make better business decisions. These departments are therefore empowered to proactively classify and analyze spend as and when requisitions occur so data can be classified more accurately. Organizations also need to integrate commodity indices tracking within their spend classification initiatives to increase negotiation leverage with suppliers. Only then can they truly help organizations identify opportunities to add value to their bottom line.
“This webinar is a must for any procurement professional who wishes to help his or her company move beyond reactive spend management and into the realm of real competitive performance improvement - despite the volatile business ecosystem in which most global companies find themselves operating today,” says Anurag Dixit, Vice President of Marketing at Zycus. “We are
particularly excited to have Nick Little as a guest speaker for this event. Mr. Little has extensive industry and international experience in Supply and Supply Chain Management, including British Rail’s prestigious Supplies Management Training Scheme and the U.K. Post Office, where he successfully established a regional and business-unit supply management organization.”
The webinar is being provided free of charge, compliments of Zycus, although registration is required. The event will also feature live interaction with speakers, so guests are encouraged to prepare their own questions for Mr. Little and/or Mr. Rao in advance of attending.
About Zycus
Zycus continues to deliver on its heritage of providing best-in-class spend management solutions that are world renowned for delivering an accelerated return on investment through superior user adoption to create Maximized Savings. Zycus’ solutions are built from the ground up combining cutting-edge technology and domain expertise, enabling higher performance and sustainable value to organizations worldwide. Zycus provides global spend management solutions to more than 200 leading Fortune 1000 customers that consider spend management software, processes and technology strategic to their competitive advantage. Zycus Spend Management solutions automate and streamline the processes of spend analysis, strategic sourcing and contract management.
With more than 200 global proven implementations, Zycus' solutions have emerged as the global favorite. Zycus has more than 400 employees across North America, Europe and Asia-Pacific. To learn more about Zycus, e-mail information@zycus.com or visit www.zycus.com.
Press Contacts
Rahul Awtaney
Manager - Public Relations & Analyst Relations, Zycus Inc.
rahul.awtaney@zycus.com
Direct: +1 866 563 9219
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