Supplier Management Software
Key Supplier Management Software Features
Zycus Supplier
Network(ZSN)
- Simple supplier self-service portal– from onboarding, through sourcing and contract negotiation up to transactional data exchange
iSupplier
- Maintain a master database of suppliers for all systems
- Manage supplier onboarding
- Improve compliance
iRisk
- Measure, track & evaluate supplier performance
- Drive supplier development
- Mitigate supply chain risks
Supplier Risk
Radar
- Scan millions of sources online to proactively identify supplier risk
- Assess and monitor risk accurately & efficiently
How Zycus’ Supplier Management Software Can Help
Whether it’s supplier onboarding or risk management, Zycus’ solution can help you manage your suppliers with ease and efficiency, thereby driving supplier excellence
Supplier Information
Management (SIM)
SIM helps organizations
- Have a comprehensive view of their suppliers
- Make better, more informed decisions about supplier selection, qualification and management
Supplier Risk
Management (SRM)
SRM helps organizations
- Identify and mitigate risks associated with suppliers
- Reduce the impact of supplier disruptions and improve supply chain resilience
Supplier Performance Management (SPM)
SPM helps organizations
- Measure and improve the performance of their suppliers
- Identify areas for improvement and take action to improve them in real time
Leverage the Synergies of an Organically-Built Suit
eSourcing
Save Time And Cost
- Get list of pre-approved suppliers improving overall efficiency
- Negotiate better with visibility into centralized global supplier database
Contract Management
Mitigate Risks
- Enforce contract compliance with all supplier groups
- Identify risk prone supplier groups and use appropriate legal clauses while contracting
Spend Analysis
Ensure Transparency
- Ensure adherence to payment terms and PPV with normalized supplier names
- Map spending on a supplier with the performance
Procure-to-Pay
Enhance Performance
- Direct requisitions to contracted vendors to eliminate maverick spend and save money
- Create company specific supplier network with streamlined invoice management
Why Zycus' Supplier Management Software?
Zycus Advantage
- AI Leadership
- The only organically built source-to-pay suite in the industry
- 50% resources in R&D (Highest in the industry)
Zycus Supplier Management Software Edge
- AI-powered Merlin Risk Radar that scans millions of sources online and provides risk alerts
- 360° supplier performance and risk management with iRisk
AI-led Initiatives
AI Council
- A joint initiative by Zycus and SIG (Sourcing Industry Group) for the sourcing and procurement leaders
- Vision to "ideate, innovate and collaborate" and solve complex industry problems leveraging the power of AI
Merlin Experience Center (MEC)
- An interactive platform to help you experience AI in source to pay transformation
- It offers Zycus’ Merlin AI products in a sandbox environment
FAQ's
Vendor management and supplier management are related but distinct concepts in procurement. Vendor management refers to the process of overseeing and managing relationships with third-party service providers or vendors to ensure that they meet the needs and expectations of the organization. Supplier management, on the other hand, refers to the management of the relationships with suppliers who provide raw materials, components, or finished goods that are used to produce the final product.
Zycus’ supplier management software enables you to store and manage diverse supplier data, such as profiles, contact information, performance metrics, financials, compliance details, and contracts. Centralizing this information provides a comprehensive view of your supplier base, empowering data-driven procurement decisions.
The tool assists in internal-risk evaluations through active certification requirements and regular internal surveys, external risk evaluations through risk scores of suppliers from Dun & Bradstreet (D&B) and Bureau van Dijk (BvD) databases. Auto alerts are set for notification of expiry of existing certificates submitted by suppliers. Risk scores of all suppliers along with the contributing factors can be seen on a single dashboard and can be used to segregate suppliers into different buckets.
The tool enables users to highlight diversity suppliers, however, integration with either Spend Analysis or Procure-to-Pay (P2P) suite would be required to track the spend associated with these suppliers.
Success Stories
Resources
