Princeton-based Zycus, a leader in procuring performance solutions for the source-to-pay cycle, announced Thursday that Curtiss-Wright Corporation has selected its Spend Analysis solution.
Charlotte, N.C.-based Curtiss-Wright, a supplier of highly engineered products for commercial, industrial, defense and energy use, services more than 100 locations across the United States.
“While Curtiss-Wright is quite experienced with spend analysis, we want our specialized sourcing and category management personnel to focus their time and expertise solely on optimizing my supply chain and best-value procurement rather than managing routine classification and spend-reporting tasks. Zycus not only automates classification with high accuracy, it also enables the company to automate certain lower-level analytical activities according to our strategic parameters,” Paul Stasko of Curtiss-Wright said in a prepared statement.
According to the announcement, Curtiss-Wright already uses Zycus for its spending-data information, but Zycus will build a custom-hybrid solution to cover both direct and indirect spending.
“Corporations worldwide have emerged from the Great Recession with very lean personnel infrastructures,” Zycus Chief Executive Officer and founder Aatish Dedhia said in a statement. “Savvy procurement leaders are pursuing — and accomplishing — relatively small investments in automation technology that pay off rapidly and handsomely when they free their procurement and sourcing talent to focus on high value-adding activities.”
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