Press Releases

“With most businesses spending anywhere from 30% to 60% of earnings in a given year, it’s very easy for executives to grasp - at least in theory - the enormous potential in authorizing procurement to strategically address enterprise-level performance levers such as cost of goods sold, operating costs, liquidity, and risk,” observes Zycus CEO Aatish Dedhia.

With 'Make your company 21st-century-proof' as its theme, the ISMC answered questions about how to find opportunities for growth; whether today’s value chains are ready for a changing world and whether companies are 21-st century proof with the economic and political vulnerability of today’s world.

Earlier this year, FEI selected Zycus’ Spend Analysis and e-Sourcing solutions as part of its effort to transform procurement. According to Paul Flamend, the Netherlands-based Global Manager of FEI’s Value Engineering Group, key tenets in the company’s procurement transformation course are to:

The award ceremony was organized as part of NATCOM 2011 under the theme: Achieving Inclusive and Sustainable Growth - Role of Supply Chains, an event organized by Indian Institute of Materials Management (IIMM) which is a premier professional body, recognized by Govt. of India, for achieving excellence in the field of materials management.

With Zycus' focused mission of solving long-standing procurement challenges by placing procurement at the heart of high performing businesses - the primary purpose of the Nov 3-4, 2011 conference was to unveil Zycus’ complete procurement performance solutions suite.

Steve has been in higher education purchasing since 1982 and is an active participant in National Association for Educational Procurement (NAEP) since 1984. Mack's purchasing experience includes service at Brigham Young University, Ricks College, The University of Oklahoma, and the University of Arizona.

The Memphis City Schools Procurement Services Division purchases all goods and services for over 108,000 students attending some 185 elementary, middle and high schools plus various offices, and outlying sites in the Memphis, Tennessee area. With education funding facing years of belt tightening from all levels of government, Memphis’ executive leadership has tasked the Procurement Services Division with delivering substantial cost savings.

“Zycus is proud to be associated with CIPSA and to be a part of this significant event for the procurement fraternity in Australia & New Zealand for the second consecutive year.” says Anurag Dixit, Vice President of Marketing at Zycus. “Procurement organizations can deliver strong results to their companies’ bottom lines and be at heart of high performing businesses.

The report contains both industry average and tiered performance benchmarks for the following indicators: compliance to enterprise supply contracts and preferred procure-to-pay (P2P) processes, stakeholder participation rates in strategic sourcing and supplier performance management activities, procurement technology adoption and use (broken out by procurement technology category), and procurement technology utilization (as % of total available functionality). Key conclusions from the study:

The collaboration between Zycus and IIMM is already underway with a five-part webinar series, titled Procurement Thursdays, which ran weekly throughout May and into June and attracted nearly 400 participants from some 300 companies. The 30-minute interactive sessions presented global state-of-the-art practices in procurement, spend-data management, technology-driven competitive sourcing, contract management, and supplier relationship and performance management.