PRINCETON, N.J. April 10, 2012 - Zycus, a world leader in Procurement Technology Solutions, announced today that Noranda Aluminum Holding Corporation (NYSE: NOR), headquartered in Franklin, Tenn., has selected its Spend Analysis Solution.
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, with a rigorous focus on safety, growth, sustainability, productivity and cash management.
Its upstream business consists of a bauxite mine in St. Ann, Jamaica, an alumina refinery in Gramercy, Louisiana and a primary aluminum smelter near New Madrid, Missouri. At its downstream, or flat rolled products business, Noranda produces foil and light gauge sheet products in plants located in Huntingdon, Tennessee, Salisbury, North Carolina and Newport Arkansas.
As part of its growth strategy, Noranda became the sole owner of upstream mining and refining operations - Noranda Bauxite Limited and Noranda Alumina LLC - in the fall of 2009. With this acquisition, it also acquired a more complex information infrastructure powered by multiple ERP systems, data structures and classification taxonomies. Noranda’s procurement organization, led by Vice President of Procurement & Logistics, John Habisreitinger, Jr., soon began looking for a solution that could create a clean, unified view of spending that would support enterprise-level strategic sourcing and spend management activities.
“With the full ownership of the Louisiana and Jamaica operations, our spend volume and complexity increased dramatically,” says Habisreitinger. “We suddenly had an opportunity to more fully leverage and manage spend categories across a larger portfolio; however, we required an efficient and effective consolidation of data from multiple systems.”
Noranda conducted a competitive proof-of-concept exercise with several potential providers to better understand the options and capabilities available. “We were impressed by the combination of speed, accuracy and potential of the Zycus product,” Habisreitinger says. “Zycus provides an automated spend management tool capable of consolidating and classifying data from multiple systems into a customizable taxonomy. Further, we felt that Zycus offered the most efficient and effective implementation plan, coupled with an intuitive web-based analysis tool that could be more quickly adopted and utilized by our procurement and logistics teams across the business.”
“More and more,” observes Anurag Dixit, Vice President of Marketing for Zycus, “we hear from customers that ease of use is their number-one priority in selecting automation solutions for strategic sourcing and spend management. Procurement leaders understand that if the people in their organizations cannot easily use and push the limits of tools they are being given, they cannot even begin to deliver the ROI expected from strategic spend management and sourcing.”
Manager - Public Relations & Analyst Relations, Zycus Inc.
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