Industry: Shipping and Logistics
P&O is a major international logistics and transport company. Its fastest growing business is the development of container ports around the world and it owns half world's second largest container shipping line P&O Nedloyd.
The Problem
P&O Ferries in UK was making annual purchases of about GBP 600 million on wide range of products and services, and needed a solution that could help it to get accurate top-down as well as bottom-up views of its spend landscape, thus helping identify opportunities for optimizing its procurement activities.
Zycus Solution
Zycus' AutoClass, the AI based fully automated UNSPSC classifier, would power P&O's spend classification initiative. Highly accurate (greater than 90%), AutoClass works at the remarkable speed of more than 50,000 transaction records or SKU's per hour per machine, replacing tedious manual coding while improving costs and accuracy.
Result- Zycus' solution is helping P&O get detailed insights into its spend landscape and paving the way for superior sourcing decisions. |
Customer Case Sudies 
