Supplier Management Software
Generative AI
Optimize Costs, Mitigate Risk, Improve Supplier Relations
- all at one place powered with Generative AI
Suppliers Auto Onboarded
and over a Million of suppliers on
Zycus Supplier Network (ZSN)
With Zycus auto-supplier onboarding, supplier information spread across disparate systems was streamlined, significantly reducing efforts and time for onboarding suppliers by simply uploading a document and auto-populating basic information from the supplier data to the iSupplier form
Zycus Named a LEADER
Research Report
Seven Keys to Better Sourcing and Supplier Management
A Solution that is 'All About Suppliers'
Zycus' supplier management software integrates seamlessly with Gen AI,
providing a robust set of features that help you
mitigate supplier risk, enhance supplier performance,
and drive innovation throughout your entire supply chain
Supplier Information Management (SIM)
Ditch the Data Chaos: Get a Single View of Your Suppliers
Key Zycus Features: iSupplier, Merlin Supplier Qualification Scoring
Supplier Performance Management (SPM)
Unlock Peak Performance: Analyze & Improve Supplier Success
Key Zycus Features: iRisk, Merlin Community Intelligence (MCI), Merlin Performance Dashboard, Supplier Corrective Action Requests (SCAR)
3rd Party Supplier Risk Management (SRM)
See the Big Picture: Identify & Manage Supplier Risk
Key Zycus Features: Merlin Supplier Risk Radar (MRR), Merlin Analytics, Merlin Risk Dashboard
Zycus Supplier Network (ZSN)
Break Down Barriers, Build Bridges: with Global Supplier Network
Key Zycus Features: ZSN Portal, ZSN Multilingual Support
Supplier Management Suite Synergy
Supplier management solution seamlessly integrates with Zycus modules and plugs right from the sourcing stage,
optimizing every of source-to-procure-to-pay lifecycle
Supplier Management
+ Sourcing
- Pre-approved suppliers for fast selection
- Negotiate better with global supplier database
Supplier Management
+ Contracting
- Enforce compliance, manage contracts effectively
- Identify risk-prone groups for secure contracts
Supplier Management + Spend Analysis
- Adhere to payment terms with normalized names
- Map spending to supplier performance
Supplier Management + Procurement
- Direct PR to contracted vendors, reducing spends
- Streamline invoice management with custom supplier network
Supplier Management
+ Sourcing
- Pre-approved suppliers for fast selection
- Negotiate better with global supplier database
Supplier Management
+ Contracting
- Enforce compliance, manage contracts effectively
- Identify risk-prone groups for secure contracts
Supplier Management + Spend Analysis
- Adhere to payment terms with normalized names
- Map spending to supplier performance
Supplier Management + Procurement
- Direct PR to contracted vendors, reducing spends
- Simplify invoice management with custom supplier network
FAQ's
- Reduce costs through better negotiation, spend analysis, and automated workflows.
- Mitigate risks by proactively identifying potential supplier issues. Improve supplier relationships through enhanced communication and collaboration.
- Make smarter decisions based on real-time data and insights. Increase efficiency by automating manual tasks and streamlining processes.
- Gain greater agility to respond quickly to market changes and disruptions.
- Supplier information management: This allows businesses to have a comprehensive view of their suppliers and make better decisions about supplier selection, qualification, and management.
- Supplier risk management: This helps businesses to identify and mitigate risks associated with suppliers. This can help to reduce the impact of supplier disruptions and improve supply chain resilience.
- Supplier performance management: This allows businesses to measure and improve the performance of their suppliers. This can help to identify areas for improvement and take action to improve them in real time.
- Zycus Supplier Network: an online portal that connects your business with its suppliers. It streamlines onboarding, communication, and data exchange, fostering collaboration and reducing costs throughout the supplier lifecycle.
- Automated Supplier Analysis: Gen AI analyzes vast amounts of supplier data, including performance metrics, financial health indicators, and market trends. This allows Zycus to identify patterns and potential risks that might be missed by humans.
- Intelligent Supplier Onboarding and Risk Assessment: Gen AI automates tasks like supplier data entry and verification, streamlining the onboarding process. Additionally, Gen AI integrates with 3rd party resources to analyze supplier’s financial statements and industry data to generate a risk score, helping you identify potential problems early on.
- Predictive Negotiation Strategies: Gen AI analyzes historical negotiation data and market trends to suggest optimal pricing strategies for different suppliers. This can help procurement teams achieve better deals and maximize cost savings.
- Generating Custom Reports and Insights: Gen AI analyzes supplier data and generate customized reports and insights tailored to your specific needs. This can help you identify areas for improvement and make data-driven decisions about your supplier relationships.
Vendor management and supplier management are related but distinct concepts in procurement. Vendor management refers to the process of overseeing and managing relationships with third-party service providers or vendors to ensure that they meet the needs and expectations of the organization. Supplier management, on the other hand, refers to the management of the relationships with suppliers who provide raw materials, components, or finished goods that are used to produce the final product.
Zycus’ supplier management software enables you to store and manage diverse supplier data, such as profiles, contact information, performance metrics, financials, compliance details, and contracts. Centralizing this information provides a comprehensive view of your supplier base, empowering data-driven procurement decisions.
The tool assists in internal-risk evaluations through active certification requirements and regular internal surveys, external risk evaluations through risk scores of suppliers from Dun & Bradstreet (D&B) and Bureau van Dijk (BvD) databases. Auto alerts are set for notification of expiry of existing certificates submitted by suppliers. Risk scores of all suppliers along with the contributing factors can be seen on a single dashboard and can be used to segregate suppliers into different buckets.
The tool enables users to highlight diversity suppliers, however, integration with either Spend Analysis or Procure-to-Pay (P2P) suite would be required to track the spend associated with these suppliers.
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