Press Releases

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.

Through this relationship, Zycus Spend Analysis (SA), Supplier Information Management (SIM) and Supplier Performance Management (SPM) solutions will leverage the Equifax master data management database, with information on more than 45 million businesses worldwide. Zycus customers also gain access to the EFX ID®, a nine-digit identifier that links together an organization’s divisions, subsidiaries and locations into a global corporate hierarchy.

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

With worldwide corporate headquarters in Hillsboro, Ore., FEI has approximately 1,800 employees. It maintains research and development centers in North America, Europe, and Asia, and sales and service operations in more than 50 countries around the world. FEI's global customer base includes researchers, scientists, engineers, lab managers, and other skilled professionals throughout the world’s institutional and national research, natural resources, electronics, and life sciences industries.

Nearly 600 procurement and supply management professionals - representing an estimated $370 billion or more worth of collective spending power- participated in the study. A few early observations to come out of the analysis:

With nine in-depth educational tracks and five mega sessions planned, the popular ISM Annual conference is expected to draw the largest attendance ever of practicing procurement professionals and executives from around the world.

Market visibility for key commodities has become a pre-requisite for successful sourcing strategies as it helps mitigate risk and enables accurate planning and budgeting and organizations are always on the lookout for ways to track their cost drivers against valid and substantial market information.

Zycus, a world leader in Spend Management Solutions, congratulates David Thurston, Associate Vice President of Financial Operations at Emory University, for being named as one of Supply & Demand Chain Executive’s 2011 Pros to Know. The highly respected supply-chain management periodical limits its prestigious Practitioner Pros to Know annual listing to just 30 - exceptional corporate executives at manufacturing and non-manufacturing enterprises

Zycus, a world leader in Spend Management Solutions, announced today that it has engaged with India’s Voltas Limited - one of the world’s premier engineering solutions providers and project specialists - to provide eSourcing Event Management Services.