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Zycus
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  • Ekaphol was all of 25 yrs happy, dynamic and a successful football coach. Ekaphol’s life was good, until one day he decided to take 12 young kids from the Moo Pa ( Wild Boar) academy to Tham Luang cave in the Doi Nang Non mountain range of Thailand. He turned complacent and turned a blind eye to the monsoon rains forecast. He was not prepared for the impending danger. It … The post How prepared ar...

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Zycus
Zycus
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  • Netflix did not kill blockbuster; ridiculous ticket prices did. Uber did not destroy the taxi business, limited access to cabs and errant drivers did. Apple did not kill the music industry, being forced to buy full-length albums did. Amazon did not kill other retailers, poor customer service and experience did. Airbnb isn’t killing the hotel industry, limited availability and pricing options are. ...

Zycus
Zycus
Blog Post
  • “Sustainable procurement allows organizations to meet their needs for goods, services, construction works and utilities in a way that achieves value for money on a whole-life basis in terms of generating benefits not only to the organization, but also to society and the economy, while remaining within the carrying capacity of the environment.” Source Although the above term—sustainable procureme...

Zycus
Zycus
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  • Integration of ERP and SaaS solutions (Best of Breed) is preferred by organizations which strive for efficient supply chains and integrated business processes. Though both the systems have their own benefits, their integration enables organizations to have higher leverage against their competitors. There are many benefits of integrating ERP and Best of Breed systems; improved efficiency, improved ...

Zycus
Zycus
Blog Post
  • 2018 has been a year of considerable loss of famous and influential personalities across diverse industries. It almost feels like the goodness of an era is over. While it is utterly depressing, we mustn’t forget the lessons that these people shared with us and inferences we can draw from them to influence our actions. . Do their ideas influence procurement? The personal is argued as political too,...

Zycus
Zycus
Blog Post
  • Today, businesses are prone to a number of violations in regulation, safety, security and irresponsible operations. This is way too much for human control and therefore resorting to artificial intelligence is the most intelligent bet. The traditional method of implementing compliance by way of allocating compliance personnel in various departments and functions—often so silo-ed—is simply a fail. I...

Zycus
Zycus
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  • In an attempt to scale savings and increase process efficiencies growth minded CFOs and Finance Leaders opt for Automating their financial processes with a vision of eradicating manual processes and streamlining their invoicing and purchasing functions.Automation, with the myriad benefits that it offers does have a feel-good factor attached to it. However, many organizations struggle to roll-out t...

Zycus
Zycus
Blog Post
  • At an interview for the position of a category manager, Ms. Paul, the Vice President of the company asked Mr. Simmons,  the interviewee, “So what are your thoughts on traditional sourcing as a means for reaching a company’s business goals?” “I think conservative approach is just good but not enough. I am of the belief that category  managers need skills that exceed traditional practices and add mo...

Zycus
Zycus
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  • You wake up in the morning and get ready for your work. You are hoping for a really nice and a sumptuous  breakfast, so you rush. At the dinner table, you see the fruits are all brown and you look disappointingly at your help. He tells you that the fresh fruit supplier—a local farmer, he didn’t come for a few days. You try calling him, but he does … The post 6 Simple Steps to Build Lasting Relatio...

Zycus
Zycus
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  • To be able to handle the rapidly changing demand patterns and agile business operating models, today’s supply chains are undergoing a makeover from being sedate, uni-dimensional sequences of discrete functions to being dynamic, adventurous and interconnected networks. To achieve business objectives and deliver maximum customer satisfaction, functions such as manufacturing, planning, procurement, i...

Zycus
Zycus
Blog Post
  • In Part 1 of this blog, I had covered the key metrics that need to be on Procurement’s watch list for better procurement compliance. Access Part 1 here. In Part 2 of this blog, we look at how organizations are faring on these metrics and how they can move the metrics for an improved compliance. Metric 1: Spend Under Management According to an Ardent Partners report titled ‘The … The post Guiding M...

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Zycus
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  • The future of supply chain is no more limited to ensuring reduced price and timely delivery of goods but also about being mindful of an increasingly complex landscape dominated by legal issues, sustainability concerns, and regulatory and ethical considerations that affect not only a company’s revenue but also brand standing. On this note, the decade ahead calls for procurement leaders or practitio...

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