Technical Specification
3rd Party Engine |
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Description
The organization is an international hotel chain based out of Middle East. It is known for its innovative and most luxurious hotels and resorts all across the world. It has been awarded numerous and most precious accolades in travel and tourism.
Business Objectives
- Improve visibility on supplier information and contractual documents, ensuring better governance
- Reduce cycle times for source to contract and give access to savings and event statistics
Challenges in Existing Structure
- Manual process for managing vast supplier information and supplier onboarding
- No automation for managing & tracking of contracts
- The existing ERP system captured all the transactional data
Zycus Solution
- iContract
- iSupplier
- iSource
Business Impact
- Increased efficiency and productivity in procurement processes with automation
- Instant visibility into savings and event statistics
- Enhanced stewardship, security and continuity around important contract documents
- Better identification of new suppliers and informed decision making
Facts and Figures
100+ sourcing events conducted
200+ contracts generated
2000+ suppliers on-boarded
>85% User adoption rate
3.3 Million Dirhams savings in first quarter
Business Issue.
An international hotel chain, based in Dubai, Middle East would like to improve visibility on supplier information and contractual documents, ensuring better governance. Source to contract cycle times would have to be reduced and give access to savings and event statistics.
Business Solution.
To achieve it Zycus offers 3 main modules of Zycus' Integrated Strategic Sourcing Solution Suite which is for Contract Management, Supplier Management, and eSourcing; which would provide seamless data flow across processes and solutions, and shorten authoring time and manage visibility and compliance for preferred agreements.
Benefits.
The system increase the efficiency and productivity in procurement processes with automation. Business management can also find Instant visibility into savings and event statistics with enhanced stewardship, security and continuity around important contract documents. When trying out new suppliers, the hotel would get better identification and informed decision making.
Lesson Learned.
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