Close this search box.
Horizon 2024 is here! Join hundreds of procurement visionaries in Miami on May 15-17, 2024. Register Now!

Home » Blog » Procurement Technology » Felix Felicis for Procurement in 2017

Felix Felicis for Procurement in 2017

Zycus Recognized as a Visionary in the 2024 Gartner® Magic Quadrant™
This field is for validation purposes and should be left unchanged.
Table of Contents
Subscribe for the Latest Posts
This field is for validation purposes and should be left unchanged.

As a procurement exec, do you wish there be a wand or a spell which cleared the haze surrounding the spend you controlled? Do you wish there was a way by which you ensure your negotiated savings didn’t fizzle out of the savings pipeline?

Over the last decade, we have seen a significant change in procurement’s role. As companies and industries consolidate, significant focus is placed on the indirect expenditure. With the ability to dissect, segment and understand the expenditure with tools like spend analysis, categorization and contract management, companies have gained visibility into the indirect categories.

When managing the indirect expenditure, the large diversity of the number of items purchased and the number of internal customers can be overwhelming. That is where good category management segmentation and prioritization are useful when beginning an indirect category approach. In many cases, the materials are unclassified, random and very difficult to track.

It may be me difficult for procurement folks to increase the negotiated savings but however, it is not impossible.

Well, we at Zycus have no magic wand; however, we believe watching this video will help!

Click here to view the video now.

Don't Forget to Share
Zycus is a leader in Cognititive Procurement. A leading SaaS platform used by many large enterprises across the globe for enabling efficiency and effectiveness of the procurement function.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top