Technical Specification
3rd Party Engine |
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Description
The organization is a leading middle east-based service provider to oil and gas production, which is diversified globally. It offers various facilities like strategizing, planning, building & construction, operating and maintaining the oil and gas industry.
Business Objectives
- Achieve standardization and have one source of truth for supplier data with automation
- Better identification of supplier related risks and informed decision making
- Reduced cycle time for supplier performance measurement
Existing Landscape
- The organization was using Oracle as their ERP tool to manage their enterprise functions
- Supplier management processes like submitting of supplier documents and the approval process of the suppliers is carried out manually
- Reporting was done by their trained corporate team and however was not accessible to the individual power users
Challenges in the existing structure
- De-normalized supplier data due to inaccurate, incomplete and obsolete supplier records
- Lack of visibility to evaluate supplier performance
- Manual process for submitting of supplier documents and approvals
Zycus Solution
- Supplier Management
Business Impact
- Auto-normalizing the supplier data during supplier profile creation to check the duplication
- Pulling out intelligence reports, dashboards and other analytics for comprehensive view and quick analysis of Supplier performance
- Automated approval workflows to implement supplier data
Facts and Figures
8000+ Suppliers on the Network
1200+ Suppliers on-boarded
15+ Active Users
Business Issue.
Middle-East based Oil & Gas service provider is looking to achieve standardization with one source of truth for supplier data with automation. With the collected data they'd like a better identification of supplier related risks and informed decision making and reduced cycle time for supplier performance measurement.
Business Solution.
Zycus Supplier Management helps the client to measure supplier performance and develop suppliers, thereby, reducing supply chain risk, and also manage supplier on-boarding process and organize all the updated information related to suppliers in a single place.
Benefits.
Zycus Supplier Management, auto-normalize the supplier data during supplier profile creation to check the duplication. The system is pulling out intelligence reports, dashboards and other analytics for a comprehensive view and quick analysis of Supplier performance. The client also benefit from automated approval workflows to implement supplier data.
Lesson Learned.
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