[December 04, 2014]

Global Aerospace, Defense and Commercial Products Company Selects Zycus to Automate Supplier Performance Management

Zycus, a world leader in Procurement Technology solutions across the source-to-pay cycle, announced today that an aerospace, defense, and sporting goods company is deploying its Supplier Performance Management (SPM) Solution.

Headquartered in Virginia, the company is a supplier of aerospace and defense products to the U.S. government and its allies, and to their contractors. With a well structured system of supplier Key Performance Indicators (KPIs) and scorecards already in place, the company was looking for a technology partner to model its existing system and enable automated feeding of performance data from multiple source systems and locations, KPI calculation, weighted KPI rollup and supplier scorecard generation.

"Through a proof of concept, Zycus demonstrated that their SPM Solution can be used to precisely model the processes and systems we already have in place for supplier performance tracking and assessment," says the program team leader. "By automating data aggregation, KPI calculation, scorecard generation and performance alert processes, we will enable our strategic procurement talent to focus on identifying, managing and mitigating supply-related isk and taking systematic approaches to driving improvement in supplier performance over the longer term. Efficiency gains will make it cost effective for us to routinely measure and manage more suppliers in our system, while workflow, survey and collaboration capabilities built into the Zycus solution will enable us to solicit and account for more qualitative measures of supplier performance in addition to quantitative metrics such as supplier on-time delivery and quality performance."

"In our many years of observing and interacting with procurement professionals around the globe," says Zycus CEO and founder Aatish Dedhia, "we concluded that a one-size-fits-all solution would never work for Supplier Performance Management. Procurement professionals will always want flexibility to: design unique KPIs for different spend categories; adjust weighting and alert signalling on various KPIs as market conditions and/or corporate strategies change over time, and continually raise their standards for supplier performance. We designed our solution to allow for all that needed flexibility and are very much looking forward to seeing what this new customer will do and accomplish with our solution for supplier performance management."

About Zycus

Zycus is a leading global provider of complete Source (News - Alert)-to-Pay suite of procurement performance solutions. Our comprehensive product portfolio includes applications for both the strategic and the operational aspects of procurement - eProcurement, eInvoicing, Spend Analysis, eSourcing, Contract Management, Supplier Management and Financial Savings Management. Our spirit of innovation and our passion to help procurement create greater business impact are reflected among the hundreds of procurement solution deployments that we have undertaken over the years. We are proud to have as our clients, some of the best-of-breed companies across verticals like Manufacturing, Automotives, Banking and Finance, Oil and Gas, Food Processing, Electronics, Telecommunications, Chemicals, Health and Pharma, Education and more.

To learn more about the Zycus, address e-mail to [email protected] or visit http://www.zycus.com/

[ Back To TMCnet.com's Homepage ]