Terms and Conditions of Use - Zycus Cognitive Procurement

Building an Effective Contracting Process – Fighting the challenges Part 1

Contract Management, Procurement Technology / By Zycus

Till now we discussed the significance of having a good contracting process and the challenges (part 1 and part 2) faced in building an effective contracting process. In this blog we will discuss the possible ways to fight the challenges within the contracting process. They are, 1. Resolving the visibility challenge by Investing in a […]

Building an Effective Contracting Process – Fighting the challenges Part 1 Read More »

Building an Effective Contracting Process – Fighting the challenges Part 2

Building an Effective Contracting Process – What are the challenges? Part2

Contract Management, Procurement Technology / By Zycus

In our earlier blog we discussed 2 common challenges associated with a decentralized paper based approach for contracting. They were – Lack of visibility and Issue with compliance. Today we will discuss 2 more challenges. They are; 1. Difficulty standardizing contract terms Organizations often face challenges with standardizing contract terms and templates on account of

Building an Effective Contracting Process – What are the challenges? Part2 Read More »

Building an Effective Contracting Process – Is there a need- part 1

Building an Effective Contracting Process – What are the challenges? Part 1

Contract Management, Procurement Technology / By Zycus

In the previous blog we discussed the significance of contract governance and the need to have an effective contracting process that monitors the contract throughout its entire life cycle. In this blog we will focus on the challenges faced by organizations following a decentralized paper based approach for maintaining contracts. The most common issues are;

Building an Effective Contracting Process – What are the challenges? Part 1 Read More »

Building an Effective Contracting Process – Is there a need?

Contract Management, Procurement Technology / By Zycus

Wal-Mart issuing a Zero Tolerance policy for suppliers subcontracting work or Tesco severing ties with its horsemeat supplier highlights the significance of contract governance. The global nature of supply chain has made conducting business a very complex task for organizations. Organizations have long used contracts to conduct business. It provides the framework within which the

Building an Effective Contracting Process – Is there a need? Read More »

Zycus leads the way by being the first Exclusive ‘Technology sponsor’ for 98th ISM annual conference

Procurement Technology / By Zycus

Institute for Supply Management™ (ISM) is the first supply management institute in the world. Founded in 1915, ISM exists to lead and serve the supply management profession and is a highly influential and respected association in the global marketplace. The 98th ISM annual conference to be held at Dallas from April 28 – May 1,

Zycus leads the way by being the first Exclusive ‘Technology sponsor’ for 98th ISM annual conference Read More »

Cornerstones of an agile supply chain – Imperative no. V

Procurement Technology, Strategic Sourcing, Supplier Management / By Zycus

In this blog we will discuss the last imperative to build an agile supply chain. Click here to read about other imperatives in building an agile supply chain, discussed earlier. The fifth imperative is –ENABLE RAPID RESPONSES & DEPLOYMENT. Organizations that drive collaborative behavior in contracting approaches and maintaining healthy business relationships with their key

Cornerstones of an agile supply chain – Imperative no. V Read More »

Cornerstones of an agile supply chain – Imperative no. IV

Procurement Technology, Strategic Sourcing, Supplier Management / By Zycus

Till now we explored three imperatives to build an agile supply chain – Understanding the value proposition of your stakeholder, Understanding the ecosystem and Conduct scenario planning for impact assessment. The fourth imperative is –BUILD RELATIONAL CONTRACTS. Building relational contracts can help sourcing managers to plan for emergencies and uncertainties. A good relationship with the

Cornerstones of an agile supply chain – Imperative no. IV Read More »

Cornerstones of an agile supply chain – Imperative no. III

Procurement Technology, Strategic Sourcing, Supplier Management / By Zycus

In the previous blog we discussed that the organization functions in conjunction with its immediate surrounding and society at large and thus understanding the ecosystem is preliminary to building an agile supply chain. The third imperative is –CONDUCT SCENARIO PLANNING FOR IMPACT ASSESSMENT. The next step after understanding the ecosystem is to conduct scenario analysis

Cornerstones of an agile supply chain – Imperative no. III Read More »

Cornerstones of an agile supply chain – Imperative no. II

Procurement Technology, Strategic Sourcing, Supplier Management / By Zycus

In our earlier blog we discussed the first imperative to build an agile supply chain – understanding the value proposition of your internal and external stakeholders. The second imperative is – UNDERSTANDING THE ECOSYSTEM. An organization does not function in isolation. It influences and is influenced by its immediate surrounding and the society at large. It

Cornerstones of an agile supply chain – Imperative no. II Read More »

Process

Products

Services

Merlin Agentic Platform

Industries

Zycus- Scale Up

Discover

News & Events

Experience

Latest Insights