Technical Specification
3rd Party Engine |
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Description
The Client is one of the largest and fully regulated utility companies in the United States serving approximately 3.5 million natural gas customers and 500,000 electric customers across seven states through its local Columbia Gas and NIPSCO brands.
Business Objective
- To achieve accurate supplier spend (normalization) and accurate commodity of procurement based data
- To identify buying patterns, look up savings opportunities and implement new sourcing strategies
- To broaden scope to include non - contractual spend, PCARD & TE data
Challenges in the existing procurement structure
- Longer Contracting Cycles
- Slow Data Reporting
- Inefficient Taxonomy Segmentation
- Lack of Insights for Decision making
- Complex User Experience
Zycus Solution
- Spend Analysis
- Supplier Performance Management
Why Zycus?
- Standardized processes and templates
- Agile approach with end-to-end, transparent global process visibility
- Consolidated supplier management and data governance
- Responsive customer support to internal clients and commitment to deliver client's unique requirements
Business Impact
- Automated procurement processes for increased efficiency and productivity
- Rendered instant visibility into savings and event statistics
- Enhanced stewardship, security, and continuity around important contract documents
- Better identification of new suppliers for informed decision making
Business Issue.
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Business Solution.
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Benefits.
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Lesson Learned.
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