Voltas Ltd. Engages Zycus for Sourcing Event Management

MUMBAI, India, February 3, 2011 – 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.

With customers throughout the Middle East and Asia-Pacific regions, Voltas offers engineering solutions, equipment design and manufacturing, and end-to-end project management and support services in such areas as HVAC, electromechanical, textile, mining and construction, materials handling, water management and treatment, cold chain solutions, building management systems, and indoor air quality.

Voltas is implementing state-of-the-art cost and spend-management disciplines throughout its enterprise from an executive level and is looking to progress rapidly to best-in-class performance. “We have identified a number of immediate strategic sourcing opportunities and will take advantage of the Zycus team’s expertise, experience and access to global supply-market intelligence to structure and manage those events.” says S Muthukumar, Corporate Planning at Voltas. In a pilot sourcing event, the Zycus team was able to demonstrate its capabilities to Voltas, delivering percentage savings in the double-digits.

“Like other high-performance global companies,” observes Zycus Marketing VP Anurag Dixit, “Voltas has identified where it wants to go with strategic sourcing and spend management and wishes to reach its objectives in the shortest possible timeframe. We are delighted to have this opportunity to assist Voltas in reaching its goals for cost and spend management.”