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Strategic Sourcing

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Strategic Sourcing

Zycus eSourcing Solution

Sourcing in an increasingly complex global economy presents challenges that surpass typical human capabilities for processing information and making the best supplier selection and business award decisions. The Zycus eSourcing Solution empowers procurement professionals to source both simple and complex categories with ease. They work more cost effectively, run more competitive sourcing events, make better decisions, and generate higher savings than the competition. Zycus eSourcing places procurement at the heart of competitive business performance management.

eSourcing solutions can cut sourcing cycle times in half, reduce administrative costs by more than 60%, and deliver - on average - 15-45% cost savings per spend category. Standard features of Zycus’ fully functional - yet easy to use - eSourcing Solution iSource automates all aspects of RFx and eAuction event creation, execution, analysis, and business award. Advanced features of the Zycus eSourcing solution drive business performance by introducing,

A user-friendly three-click bid optimization engine
Comprehensive project management platform for sourcing and spend category management

eSourcing challenges meet Zycus Solutions

Zycus iSource provides simple solutions to challenges at all stages of the sourcing process

Event Modeling - Complex sourcing aggregations - different items and services with unique cost breakdowns, pricing units, lot sizes, attributes, and so forth - are exceedingly difficult to model effectively and thoroughly with typical office productivity applications such as electronic spreadsheets.

Key Features

Easy drag and drop RFx authoring
Comprehensive cost modeling capabilities
Up to 3,000+ line items per event
Collaborative scoring and approval workflows
Automated supplier ranking
Interactive ‘what-if’ evaluation of supplier proposals
e-Auction with live monitoring
Standard and constrained bid optimization scenarios
Comprehensive sourcing project and spend-category management

Zycus iSource simplifies the event modeling process by

Featuring drag and drop item definition with one-click transfer of data to and from electronic spreadsheets
Allowing 3,000+ items per sourcing event
Enabling full customization and modeling of complex item and service cost breakdowns
Creating ability to model events for any spend category

Key Benefits

Obtain high user adoption
Source both simple and complex categories
Make more competitive markets; maximize volume leverage
Increase stakeholder participation in sourcing projects
Easily compare supplier responses
Minimize delays in awarding business
Make fact- and market-driven sourcing decisions
Extract maximum value from markets (15-45% greater savings per sourcing event)
Create and compare award scenarios to suit business requirements
Shorten sourcing cycle time by 5 -15%

Event Scheduling - Cumbersome manual processes often prohibit the ability to extract maximum value from a commodity, procurement organizations must cast the widest possible net, inviting optimal numbers of qualified suppliers to participate in competitive bidding events.

These challenges are answered by Zycus iSource, which

Enables 100 or more suppliers to participate in sourcing events
Includes forum function for communicating with many suppliers simultaneously
Enables supplier bid participation from anywhere in the world
Features multi-configuration e-auction engine to maximize competition
Overcomes time-zone issues with event scheduling

Scoring and Analytics - It is more difficult to model complex bidding events than score and evaluate supplier proposals and discover optimal business award scenarios.

The Zycus iSource solution

Features collaborative and multi-parameter scoring capabilities
Condenses supplier responses and scores into single, easy-to-compare views
Automatically generates supplier rankings
Features multi-parameter, graphical ‘what-if’ modeling of business award scenarios

eSourcing Innovation - Zycus iSource Advanced Features

With its intense focus on customer-driven innovation and a central mission of positioning procurement at the heart of competitive business performance, Zycus has added two advanced modules to its eSourcing Solution:

iOptimize - Advanced bid optimization in three easy steps

Featuring best-practice standard scenarios such as lowest-cost by item, best one, and best two suppliers overall. The solution includes multiple constraint capabilities plus the ability to model custom scenarios as procurement professionals gain familiarity and sophistication with bid outcome optimization.

Benefits

Accelerate post-event analysis and business awards
Ensure sourcing decisions are fact- and market-driven
Create and compare award scenarios to suite specific business priorities and requirements
Obtain instant visibility into savings and event statistics

iManage - A comprehensive sourcing and spend category project management platform

Includes category-specific project templates, dynamic dashboards, and visual project status reporting.

Benefits

Create and manage sourcing projects from a single platform
Monitor project progress, identify bottlenecks
Ensure process compliance and rigorous, consistent project execution
Replicate sourcing best practices and successes




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Strategic Sourcing

Zycus e­Sourcing Solution

iOptimize - Advanced bid optimization in three easy steps

iManage - A comprehensive sourcing and spend category project management platform

Zycus eSourcing Solution