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The Why, What and How of Supplier Management – Part 3: External Driving Forces

Procurement Technology, Supplier Management / By Zycus

Till now we discussed the growing significance of supplier management and the internal factors driving the supplier management technology. In this blog we will discuss the external factors necessitating supplier management technology. Industry trends Technology is constantly evolving and organizations need to adapt to these changes. If the majority of competitors are implementing tools to […]

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The Why, What and How of Supplier Management – Part 2: Internal Driving Forces

Procurement Technology, Supplier Management / By Zycus

In the previous blog we spoke about why supplier management is gaining focus. In this blog we will discuss the driving forces behind supplier management technology implementation. The reason for this could be internal organizational factors or external factors. Internal forces Management mandate When a mandate has been passed by the organization’s top management, all

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A Complimentary Webinar in Association with ISM

Contract Management, Financial Savings Management, Procure to Pay, Procurement Talent Management, Procurement Technology, Spend Analysis, Strategic Sourcing, Supplier Management / By Zycus

There are many kinds of companies and within each, there are many kinds of Procurement processes. Not everything works just the way we want to, from the beginning itself. However, we can always take a step towards changing the state of things and taking control of the situation. The same applies to Procurement. It

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The Why, What and How of Supplier Management – An Introduction

Procurement Technology, Supplier Management / By Zycus

As per a recent Hackett Group 2013 study, 64% of the responding organizations cite Supplier Relationship Managementas ‘major’ or ‘critical’. Another 56% of the organizations cite Reducing Supply Risk as ‘major’ or ‘critical’ In a study conducted by Zycus amongst procurement professionals, 81% of Europe based organizations and 78% of Asian based organizations have invested

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Builtto Last Desgninga Procurement Transformation Program

Built to Last: Designing a Procurement Transformation Program for Best-in-Class Performance

Procurement Technology / By Zycus

Procurement has moved to the very heart of high performing businesses and this move has brought with it the areas where procurement can make a strategic impact. “Procurement Transformation” has become a common theme for many Chief Procurement Officers (CPOs) looking for an advantage in an increasingly competitive market. In this webinar, Ardent Partners will

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Scripting the Contract Story – Benefits of Automating the Authoring Process

Contract Management, Procurement Technology / By Zycus

Till now we discussed the importance of contracts for an organization and what procurement execs should look for while evaluating contract management technology. (Click her for part 1 & part 2) In this last blog in the series, we will talk about the benefits that correct contract management technology can offer. Technology can make the

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Scripting the Contract Story – Finding the Right Camera

Contract Management, Procurement Technology / By Zycus

In the previous blog we spoke about the significance of contracts and the issues with contracts authored using MS word and emails. In this blog we will talk about what procurement executives should look for when evaluating contract management technology. Procurement executives should look for a technology that provides the following: A library, which stores pre-approved

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Scripting the Contract Story – An Introduction

Contract Management, Procurement Technology / By Zycus

Contracts encapsulate the entire process – right from contract negotiation to drafting to signing the contract to running the business within the purview of the contract. Contracts are a lot like movie scripts that give substance and provide a framework for the procurement teams to conduct business. Just like if the script is not well

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Identifying the Pulse of Procurement in US

Contract Management, Financial Savings Management, Procure to Pay, Procurement Technology, Spend Analysis, Strategic Sourcing, Supplier Management / By Zycus

As part of Zycus’ ongoing efforts to drive procurement and overall business performance improvement, we are, once again, asking for your participation in the Pulse of Procurement 2013 study. Key objectives of the study are to: Update North American procurement performance benchmarks across such KPIs as spend under management, cost savings, contract compliance, sourcing and

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