Biosciences company adopts auto-classification software from Zycus to cleanse data, feed Ariba spend analysis solution
Princeton, NJ March 9, 2006 Biosciences company AstraZeneca is adopting a spend analysis tool from Zycus for automated spend data classification, the solution provider has reported.
AstraZeneca has successfully tested Zycus' AutoClass software for automated spend data classification to UNSPSC codes for the company's U.K. business unit.
The pharmaceutical company selected the Zycus solution as part of its vision to build an automated spend analysis infrastructure as a permanent, secure solution behind AstraZeneca's firewall, Zycus said.
AstraZeneca is implementing a global procurement data warehouse (PDW) based on Ariba Analytics to garner potential savings opportunities from its purchasing spend spread across multiple systems and locations across the globe.
The solution provider said that its AutoClass software leveraged the historical transaction spend data (extracted from an Ariba Buyer e-procurement system) and classified the data to granular UNSPSC codes as well as custom AstraZeneca taxonomy. The data were then uploaded for spend analysis.
Additional Articles of Interest
Companies with advanced sourcing and procurement strategies are using spend analysis tools to drive bottom-line savings. Now it's time to take spend analytics to the next level. Read more in "Supercharging Spend Analytics," in the April/May 2005 issue of Supply & Demand Chain Executive.
For more information on best practices for spend analysis, see the following SDCExec.com articles:
Princeton, NJ March 9, 2006 Biosciences company AstraZeneca is adopting a spend analysis tool from Zycus for automated spend data classification, the solution provider has reported.
AstraZeneca has successfully tested Zycus' AutoClass software for automated spend data classification to UNSPSC codes for the company's U.K. business unit.
The pharmaceutical company selected the Zycus solution as part of its vision to build an automated spend analysis infrastructure as a permanent, secure solution behind AstraZeneca's firewall, Zycus said.
AstraZeneca is implementing a global procurement data warehouse (PDW) based on Ariba Analytics to garner potential savings opportunities from its purchasing spend spread across multiple systems and locations across the globe.
The solution provider said that its AutoClass software leveraged the historical transaction spend data (extracted from an Ariba Buyer e-procurement system) and classified the data to granular UNSPSC codes as well as custom AstraZeneca taxonomy. The data were then uploaded for spend analysis.
Additional Articles of Interest
Companies with advanced sourcing and procurement strategies are using spend analysis tools to drive bottom-line savings. Now it's time to take spend analytics to the next level. Read more in "Supercharging Spend Analytics," in the April/May 2005 issue of Supply & Demand Chain Executive.
For more information on best practices for spend analysis, see the following SDCExec.com articles:
- The Secrets of Successful Spend Analysis
- Spend Analysis a Top Priority, But Not Widely Adopted...Yet
- Manufacturers: Achieve True Strategic Sourcing Through Spend Analysis
- More articles about Zycus.
