Press Releases

Zycus, a world leader in Procurement Technology Solutions, has put together a five week educational programme for procurement and supply chain professionals focusing on some of the key challenges faced and how to overcome them with technology and skill.

Procurement, in the year 2011, witnessed some of the major challenges, especially from a supply chain perspective. Procurement professionals around the globe were seen fire fighting supply disruptions emerging out of the adverse events that occurred in 2011 which not only resulted in production losses but also negatively impacted company bottom lines.

Noranda is a leading North American producer of value-added primary aluminum products and quality rolled aluminum coils, and is a fully integrated manufacturer, with global assets from Bauxite mining operations to Aluminum Foil rolling mills. Noranda is involved in every aspect of the Aluminum industry, from technology to mining, refining, smelting, fabricating and recycling

Zycus, a world leader in Procurement Technology Solutions, announced today that Tennant Company of Minneapolis, Minn., has adopted its Spend Analysis Solution. The implementation includes Zycus’ artificial-intelligence powered AutoClass solution for rapid, detailed and accurate spend-data classification and the powerful - yet easy to use - iAnalyze Solution, which enables procurement teams to

Zycus, a global leader in Procurement Performance solutions announced today that it is collaborating with the Institute for Supply Management (ISM) to host an interactive webinar titled - “Leaving Reverse Auctions in the Dust: Discovering a Next Generation of Sourcing Technologies” which will be broadcasted on February 28, 2012 at 2.00 p.m. ET.

Zycus, a world-leading provider of procurement performance solutions, announced earlier today the release of its iSave Financial Savings Management Solution. The unique solution provides a means for consistently and efficiently connecting procurement performance results to key corporate financial metrics such as profit and loss, cash flow, cost of goods sold and balance sheet.

“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.