{"id":2692,"date":"2017-11-10T11:45:55","date_gmt":"2017-11-10T11:45:55","guid":{"rendered":"https:\/\/stagingwww.zycus.com\/deciphering-strategic-supplier-management"},"modified":"2023-10-18T05:58:17","modified_gmt":"2023-10-18T05:58:17","slug":"deciphering-strategic-supplier-management","status":"publish","type":"post","link":"https:\/\/dev.zycus.com\/freshz\/blog\/supplier-management\/deciphering-strategic-supplier-management","title":{"rendered":"Deciphering Strategic Supplier Management"},"content":{"rendered":"

To thrive and succeed in today\u2019s dynamic and disruptive business environment companies need to plan new strategies as the traditional avenues for direct savings have started to wither.<\/p>\n

A new alternative channel which the organizations have started focusing on is the reduction of supply costs by enabling strategic supplier management for business value through a collaborative partnership with their suppliers. Suppliers are the key cogs in an organization’s lifecycle; having a direct impact on the core function. Thus, a good liaison between procurement teams and their suppliers improves collaboration, reduces risk and drives productivity.<\/p>\n

In fact, as per a study by The Hackett Group, 64% of the responding organizations cite Supplier Relationship Management as \u2018major\u2019 or \u2018critical,’ while 56% of the organizations cite Reducing Supply Risk as \u2018major\u2019 or \u2018critical.’<\/p>\n

The above statistics highlight the growing significance of supplier management solutions in strategic procurement for boosting the bottom line for any organization.<\/p>\n

On your quest to discover the right supplier management solution fit for your organization\u2019s requirements; join us for a live complimentary demonstration of Zycus Supplier Management <\/a>solution.<\/p>\n

Register to receive a first-hand experience on how Zycus supplier management solution can be better leveraged to meet your procurement objectives.<\/p>\n

Learn how you can have greater business impact through:<\/strong>
\n\u2022 Strict control on regulatory compliance during supplier on-boarding process
\n\u2022 Increased stakeholder participation, transparency, and credibility in performance metrics and management processes
\n\u2022 Reduced cycle time for supplier performance measurement
\n\u2022 Better identification of supplier-related risks and informed decision making<\/p>\n

Featured Speaker:<\/strong><\/p>\n\n\n\n

\nShibu Nair,<\/b>CPSM\u00ae
\nManager, Solutions Consulting
\nZycus Inc.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

To thrive and succeed in today\u2019s dynamic and disruptive business environment companies need to plan new strategies as the traditional avenues for direct savings have started to wither. A new alternative channel which the organizations have started focusing on is the reduction of supply costs by enabling strategic supplier management for business value through a […]<\/p>\n","protected":false},"author":1,"featured_media":100071,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1939],"tags":[637],"ppma_author":[170],"class_list":["post-2692","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-supplier-management","tag-procure"],"acf":[],"authors":[{"term_id":170,"user_id":0,"is_guest":1,"slug":"zycus-inc","display_name":"Zycus","avatar_url":{"url":"https:\/\/dev.zycus.com\/freshz\/wp-content\/uploads\/2025\/02\/zycus-author.png","url2x":"https:\/\/dev.zycus.com\/freshz\/wp-content\/uploads\/2025\/02\/zycus-author.png"},"author_category":"0","last_name":"Agentic Procurement Platform","first_name":"Zycus","job_title":"","user_url":"https:\/\/dev.zycus.com\/freshz","description":"Zycus is an Agentic Procurement Platform that is redefining procurement from Source-to-Pay to Intake-to-Outcomes. Its unified platform combines native Intake, agentic AI, and an end-to-end S2P core to help enterprises drive real procurement outcomes \u2014 not just transactions. Recognized by Gartner, Forrester, IDC, and customers worldwide, Zycus is shaping the next generation of procurement with the Merlin Agentic AI Platform."}],"_links":{"self":[{"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/posts\/2692","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/comments?post=2692"}],"version-history":[{"count":0,"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/posts\/2692\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/media\/100071"}],"wp:attachment":[{"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/media?parent=2692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/categories?post=2692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/tags?post=2692"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/ppma_author?post=2692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}