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Zycus releases new case study on procurement-driven performance improvement at FEI Company

PRINCETON, N.J. December 22, 2011 โ€“ Zycus, a world leader in Procurement Technology Solutions, has released an in-depth case study on how FEI Company, a world leader in the production of electron microscopes for nanoscale research, is working with Zycus to enable procurement driven performance improvement and spend management.

Earlier this year, FEI selected Zycusโ€™ Spend Analysis and e-Sourcing solutions as part of its effort to transform procurement. According to Paul Flamend, the Netherlands-based Global Manager of FEIโ€™s Value Engineering Group, key tenets in the companyโ€™s procurement transformation course are to:

  • Introduce enterprise spend management and related disciplines in the shortest possible timeframe (versus taking an incremental, multiyear route),
  • Avoid building a large, permanent infrastructure and core competencies in strategic sourcing and specific spend management processes (such as spend analysis, sourcing event creation and execution and so forth) and
  • Automate and/or outsource both tactical and strategic procurement and supply management processes wherever possible.

With annual revenues of over $800 million and three manufacturing facilities spread over the U.S., Netherlands and Czech Republic, FEIโ€™s transaction data exists across nine ERP systems and is expressed in several languages including English, Dutch, Czech, Japanese and Chinese. โ€œWe wanted to professionalize our approach to creating and maintaining spending visibility going forwardโ€ says Flamend. โ€œWe have found Zycus to be flexible in helping us to manage around [our constraints] and also highly knowledgeable in guiding us through important decisions around how to structure our spending data.โ€ Flamend adds.

We make a practice of identifying real spend management and strategic sourcing opportunities that are ripe for the picking,โ€ says Anurag Dixit, Vice President of Global
Marketing at Zycus. โ€œIf we can do this having little specific insight into a customerโ€™s industry or supply base, it becomes very easy to imagine what the companyโ€™s knowledgeable sourcing and spend management professionals will be able to accomplish when they have clean, timely, and detailed spending data combined with powerful โ€“ yet easy-to-use โ€“ analytics and sourcing-event execution tools. โ€ With FEI, we have been able to help improve procurement performance in a highly specialized industry by combining our procurement expertise with a constant focus on being flexible to specific customer needs. This case study can be an excellent reference for any procurement professional looking to make a definitive business case for a technology implementation that drives procurement performance improvement.โ€

Zycus Inc.

Silky Agarwal

Manager โ€“ Public Relations & Analyst Relations, Zycus Inc.
silky.agarwal@zycus.com
Direct: 1 866 563 9219