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Zycus Strategic Sourcing Review

Product Snapshot

Technology

Strategic Sourcing is a SaaS solution.

Customer Focus

Zycus provides procurement solutions to MNCs from varied industries such as food and beverage, banking and financial services, manufacturing, oil and gas, electronics, retail, pharmaceuticals, consumer packaged goods, insurance, hospitality, educational services, etc.

Select Customers

Nestle, Sunoco, Rockwell Automation, Rio Tinto, Colgate-Palmolive

About Strategic Sourcing

Zycus Strategic Sourcing Strategic sourcing is Zycus’ eSourcing software. Suppliers are businesses’ partners in growth. Hence, it’s very important to find the correct supplier to source the products/services from. Zycus eSourcing helps businesses find the correct suppliers to source both simple and complex categories from across the globe. The tool helps to cut down the sourcing cycle time by 15-45% by automating various aspects of sourcing like creating the RFx, holding and executing an online event (e-auction), analysis of the bids received from the suppliers to the final stage of awarding business. It helps to keep a track of the sourcing project at every stage.

About Zycus

Zycus is a global provider of Source-to-Pay suite of procurement solutions. Headquartered in New Jersey, USA and incorporated in 1998, Zycus has since grown to deploy 200 solutions among Global 1000 companies. The company also provides software solutions for spend analysis, contract management, supplier management, savings management and procure-to-pay.

Strategic Sourcing Key Features

  • The tool can support 10,000+ line items in a single event
  • RFx creation is made simple with drag-and-drop option
  • Supports live monitoring during e-auction
  • Supplier proposals can be evaluated on ‘what-if’ situations and can be ranked automatically
  • Bids can be optimized using standard and constrained scenarios
  • Sourcing decisions made easy by collaborative scoring and approval workflows.

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