Spend Data Management
For Better Sourcing, Compliance, and Spend Control
Spend data management (SDM) is a compelling vision for the enterprise that plans to remain at the cutting edge of supply management and realize the promised ROI from strategic sourcing and procurement initiatives. Today, everyone is talking about the lack of visibility into enterprisewide spend. In the absence of proper data descriptions and a universal code schema, leveraging globally is impossible and even doing so locally remains a huge challenge. Bigger data problems exist in the item masters of large ERP installations and product design environments, when users are unable to re-use parts and this impacts overall spend considerably. SDM is a holistic vision, and calls for building the infrastructure to maintain a diverse pool of spend data (item master, contracts, supplier master, catalogs, etc.), all cleansed, normalized, and classified granularly to a universal code schema such as UNSPSC.
What Zycus Delivers
Global Spend Analysis
Our Global Spend Analysis solution delivers tremendous value through the obvious discovery of savings opportunities, in addition to monthly insights and spending trends, rigorous tracking of contract leakage, and spend management by categories. Key value enablers:
- Tracking of global spend by region, by supplier, by commodity;
- Instant insights from monthly trends on purchase price variance, supplier diversity, contract leakage, etc.;
- Global leverage that helps take aggressive sourcing decisions;
- Monitoring of results continuously to help close the loop; and
- Spend compliance, tracking, and measurement in real time.
Master Data Solution
Our Master Data solution leverages product data classification and enrichment technologies with deep domain expertise of subject matter experts. This drives hard dollar savings through rationalization of inventory assets and crossplant visibility. Key value enablers:
- Global inventory optimization enabled by increased inventory sharing across the global enterprise;
- Maintenance of right sized inventory levels enabled by improved search mechanism, enriched data content and reduction of inventory carrying costs;
- Reduction of plant downtime enabled by timely and improved search; and
- Higher spend leverage through supplier consolidation.
Fortune 500 organizations such as General Electric, P&O, ABB, and Unilever have already implemented and experienced the power of these solutions. Now, more companies are turning to formulate an enterprisewide SDM strategy from Zycus with notable success stories at a leading oil and gas company in partnership with Bearing Point, federal government marketplace in partnership with Unisys, a Fortune-ranking forest products company, etc.
Zycus Products
Detailed Spend Visibility (DSV)
Zycus SDM/DSV provides automated, granular, and near 100 percent visibility into global spends of enterprises. It offers extreme ease of use to end users and can be deployed very quickly either in hosted or BTFW mode.
The tool provides automated spend data classification (UNSPSC, etc.) and enrichment of supplier data extracted from any system, in any language.
Master Data Rationalization (MDR)
Zycus automated SDM/MDR product is an elixir for enterprises seeking to resolve item master data issues quickly and effectively. SDM/MDR transforms seemingly unproductive, unorganized, and inconsistent material data into a strategic asset capable of being leveraged as a critical business value enabler.
