PRINCETON, N.J., April 5, 2012 - 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 discover, prioritize and act rapidly upon real opportunities for business performance improvements.
With annual revenues of over $700mn and an employee base of roughly 2800 employees, Tennant Company has a global footprint in the Americas, Europe, Middle East and Africa, and the Asia Pacific region. "Our strategic procurement team depends on an ability to analyze our spending in ways that could give us more systematic, accurate, detailed and frequent views especially into our indirect spending categories," observes Tom McLaughlin, Commodity Manager, Indirect Sourcing for the Tennant Company.
Tennant selected Zycus through a competitive process, which included a proof-of-concept (POC) phase. "We were particularly impressed," McLaughlin says, "with the way Zycus was able to take a month's worth of our actual spending data, process it quickly and present us with a solid business case that also confirmed our hunches about where the greatest improvement opportunities would be." McLaughlin adds.
With its initial round of spend data extraction and classification now complete, Tennant is in process of rolling out iAnalyze to each of its global locations. "We are quite pleased," McLaughlin says, "with both the accuracy of our spend data and the ease of training our personnel and obtaining user adoption for the iAnalyze tool."
"Tennant Company has been recognized — through a lengthy list of awards and accolades — in the areas of R&D and innovation, manufacturing excellence, business ethics, and dedication to environmental sustainability," observes Anurag Dixit, Vice President of Global Marketing for Zycus. "We consider it an honor that our solutions would be chosen as the best fit for a company that routinely sets such high standards for itself and its suppliers."
About Tennant Company
Tennant Company is a world leader in designing, manufacturing and marketing solutions that help create a cleaner, safer, healthier world. Its products include equipment for maintaining surfaces in industrial, commercial and outdoor environments, and chemical-free and other sustainable cleaning technologies; and coatings for protecting, repairing and upgrading floors. Tennant's global field service network is the most extensive in the industry. Tennant has manufacturing operations in Minneapolis, Minn.; Holland, Mich.; Louisville, Ky.; Uden, The Netherlands; the United Kingdom; São Paulo, Brazil; and Shanghai, China. It sells products directly in 15 countries and through distributors in more than 80 countries.
Manager - Public Relations & Analyst Relations, Zycus Inc.
Direct: 1 866 563 9219