SUPPLY CHAIN explains . “ We have the spend data extracted from our ERP system sent through to a spend analytics module within the PMS , and that runs through a classification AI computer learning platform that understands the data .” Many of different items are purchased every day . Some are commodity items from a large , contracted supplier , while others are one-off purchases from a small local vendor . The tool understands each of those purchases and categorises them , giving total and immediate visibility .

Now , thanks to the spend analytics tool , the data that could only be assembled periodically can be assembled in minutes rather than months , and the same insight gained into the 90 % of the vendor base that accounts for just 10 % of the spend . “ That nimble insight we get via Zycus is a game changer for the company ,” Purss adds . “ We can

– Justin Purss , Procurement Systems and Compliance Manager

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