University of Missouri & Zycus discuss how best-in-class organizations leverage procurement technology to meet business objectives

PRINCETON, N.J. November 28, 2011 – 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 – “Leveraging Procurement Technology to Meet Business Objectives” which will be aired on November 29, 2011 at 2.00 p.m. ET. Stephen G. Mack, CPSM, C.P.M., Director – Procurement Services at The University of Missouri System and James Thomas, Manager – Strategic Marketing at Zycus will be the primary speakers while John Yuva, Associate Editor, ISM will moderate the session.

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.

Through this webinar, Steve will share insights from his experiences of implementing procurement technology and the impact it had on the key areas of visibility & compliance within their procurement function and how they have been able to add value to the organization on a whole.

Procurement has moved from the ‘front line’ to the very heart of high performing businesses and this move has brought with it areas where procurement can make a strategic impact. High performing businesses have certain strategic imperatives that need to be achieved to excel in today’s competitive and volatile business environment. Efficient procurement processes can help align purchasing decisions with corporate strategy, and thus increase the value obtained from investments. The webinar will provide insight into technology and tactics used by the best-in-class organizations which have had a direct impact on the organization’s bottom line.

The key learnings from this webinar will be,

• Building support for new initiatives with the leadership and managing end user behavior
• Making sense of spend patterns and identifying saving opportunities beyond the obvious spend categories
• Creating new competitive advantages through identification of new sources of supply and well negotiated contracts