PRINCETON, N.J.–(BUSINESS WIRE)–Zycus, a world leader in Procurement Technology Solutions, has released
an in-depth case study on how FEI Company, a world leader in the
production of electron microscopes for nanoscale research, is working
with Zycus to enable procurement driven performance improvement and
spend management.
Earlier this year, FEI selected Zycus’ Spend Analysis and e-Sourcing
solutions as part of its effort to transform procurement. According to
Paul Flamend, the Netherlands-based Global Manager of FEI’s Value
Engineering Group, key tenets in the company’s procurement
transformation course are to:
-
Introduce enterprise spend management and related disciplines in the
shortest possible timeframe (versus taking an incremental, multiyear
route), -
Avoid building a large, permanent infrastructure and core competencies
in strategic sourcing and specific spend management processes (such as
spend analysis, sourcing event creation and execution and so forth) and -
Automate and/or outsource both tactical and strategic procurement and
supply management processes wherever possible.
With annual revenues of over $800 million and three manufacturing
facilities spread over the U.S., Netherlands and Czech Republic, FEI’s
transaction data exists across nine ERP systems and is expressed in
several languages including English, Dutch, Czech, Japanese and Chinese.
“We wanted to professionalize our approach to creating and maintaining
spending visibility going forward” says Flamend. “We have found Zycus to
be flexible in helping us to manage around [our constraints] and also
highly knowledgeable in guiding us through important decisions around
how to structure our spending data.” Flamend adds.
“We make a practice of identifying real spend management and strategic
sourcing opportunities that are ripe for the picking,” says Anurag
Dixit, Vice President of Global Marketing at Zycus. “If we can do this
having little specific insight into a customer’s industry or supply
base, it becomes very easy to imagine what the company’s knowledgeable
sourcing and spend management professionals will be able to accomplish
when they have clean, timely, and detailed spending data combined with
powerful – yet easy-to-use – analytics and sourcing-event execution
tools. “ With FEI, we have been able to help improve procurement
performance in a highly specialized industry by combining our
procurement expertise with a constant focus on being flexible to
specific customer needs. This case study can be an excellent reference
for any procurement professional looking to make a definitive business
case for a technology implementation that drives procurement performance
improvement.”
To read the detailed case study, please click
here. To view other case studies, please click
here.
About Zycus
At Zycus we are 100% dedicated to positioning procurement at the heart
of business performance. For more than a decade we have been the world’s
most trusted leader in Spend Analysis. With our spirit of innovation and
a passion to help procurement create even greater business advantages,
we have evolved our portfolio to a full suite of Procurement Performance
Solutions — Spend Analysis, e-Sourcing, Contract Management, Supplier
Management, and Financial Savings Management.
Behind every Zycus solution stands an organization that possesses deep,
detailed procurement expertise and a sharp focus on being responsive to
customers. We are a large — 600+ and growing — company with a physical
presence in virtually every major region of the globe. We see each
customer as a partner in innovation and no client is too small to
deserve our attention.
With more than 200 solution deployments among Global 1000 clients, we
search the world continually for procurement practices proven to drive
competitive business performance. We incorporate these practices into
easy-to-use, flexible solutions that give procurement teams the power to
get moving quickly — from any point of departure — and to continue
innovating and pushing business and procurement performance to new
heights.
To learn more about Zycus, e-mail [email protected]
or visit www.zycus.com.
