Zycus Redefines Spend Analysis into an Actionable and Result Oriented Process “Actionable Analytics 4.0 is a flexible tool that can be designed, within limits, to align and monitor balanced scorecard objectives. The application can quickly drill down to detail, but also functions at a higher level through the use of a dashboard (pipeline) that gives [...]
Paul Snell reveals, in his article “Maverick spends, not a major issue for buyers“, the top 3 reasons of 326 global companies surveyed by the research firm NelsonHall ( a global US Business Process Outsourcing analyst firm) ,for outsourcing indirect procurement: reducing process costs (84 per cent of companies), accelerated sourcing times (79 per cent), [...]
Since the merger of Synerdeal and Trade2B into Synertrade(? – question mark, yes, because when you look at the Management team…it looks more like an acquisition from the Germans) , the less one can say is that Synertrade stayed very quiet and low profile, which is not a positive sign indeed: no press release since [...]
The 24th of January 2007, Ariba announced its results for the first quarter of fiscal year 2007 ended December 31, 2006. Total revenues for the first quarter of fiscal year 2007 were $77.2 million, as compared to $76.2 million for the first quarter of fiscal year 2006. Net loss for the first quarter of fiscal [...]
There are many ways to evaluate the quality and extend of your SRM processes, depending on your objectives and specific environment. On the other hand, it is not so much the value of an indicator which is important but its variation. Here are my preferred high-level KPIs that I consider anyone should monitor to rate [...]
End of November 2006, The Forrester offered a teleconference to give its views of the worldwide market for eProcurement, eSourcing, contract life-cycle management (CLM), spend analysis, electronic invoice presentment and payment (EIPP), and supplier networks for 2006-2008. The analysis, presented by Andrew Bartels Vice President Forrester Research, is based on 60 leading vendors You can [...]
I found this article on SupplyManagement.com. Technology could make buyers redundant within the next five years. This is the view of professor Richard Lamming, director of the school of management at the University of Southampton. Technology trend to replace manpower is obvious. Now, if you want my opinion, having buyers redundant within the next 5 [...]
I felt on this compelling powerpoint presentation from the Forrester, issued in late-november 2005, and titled ” Market overview of Procurement and Sourcing application”, a bit old I confess but still. According to Forrester here are the leading providers of Spend Analysis automation: Ariba, Emptoris, VerticalNet, Zycus, Global eProcure, Ketera, Perfect Commerce, Silver Oak SynerTrade. [...]
Zycus, one of the leading provider of Spend Analysis Automation, is partnering with UNSPSC and has issued a quite complete and instructive 47 page report called “UNSPSC for better Spend Analysis”, a report about adopting UNSPSC as a product classification standard. In this document, available for free on the UNSPSC website, you will learn about: [...]
Since a couple of years now, Procuri is delivering web seminar in a regular basis. This is a great idea. I believe that distributing and sharing information through internet-based video will become a standard considering the amazing success of VOD (Video on Demand), YouTube and Co. Within 3 to 5 years for sure, describing products or services [...]
Chief Procurement Officers (CPOs), representing over $1.46T in spend under management, gather at the Aberdeen CPO Summit to chart the course ahead. Interestingly enough, “CPO Summit attendees ranked Spend Analysis as their number one area of interest for on demand solutions. This is consistent with the overarching theme of identifying and capturing cost savings that [...]
As you can see I love Top 10′s… I was busy identifying leading providers covering the ‘spending analysis’ automation process when I found this nice report from the Aberdeen Group about the most successful spend management initiatives and the best practices they relied on. Below is the list and here is the full report “Best [...]
Another white paper from Ariba, about spend management priorities for CPOs in 2006. I think this is the kind of white paper we got and we’ll get every year. Very useful to identify what their customers are looking after but quite compelling for everyone as well to understand where the attention of CPOs is concentrated [...]
Getting a right customised product and service classification for your own company will be tuff and time consuming. You’d rather start with a standard and global one as the UNSPSC, available in several languages and evolving with user’s requirements. It’s already quite extensive with several thousand codes. The United Nations Standard Products and Services Code® [...]
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