Noranda Selects Zycus Spend Analysis to Drive Spend Optimization
March 15 2012 - 12:56PM
Business Wire
Zycus, a world leader in Procurement Technology Solutions,
announced today that Noranda Aluminum Holding Corporation (NYSE:
NOR), headquartered in Franklin, Tenn., has selected its Spend
Analysis Solution.
Noranda is a leading North American producer of value-added
primary aluminum products and quality rolled aluminum coils, and is
a fully integrated manufacturer, with global assets from Bauxite
mining operations to Aluminum Foil rolling mills. Noranda is
involved in every aspect of the Aluminum industry, from technology
to mining, refining, smelting, fabricating and recycling, with a
rigorous focus on safety, growth, sustainability, productivity and
cash management.
Its upstream business consists of a bauxite mine in St. Ann,
Jamaica, an alumina refinery in Gramercy, Louisiana and a primary
aluminum smelter near New Madrid, Missouri. At its downstream, or
flat rolled products business, Noranda produces foil and light
gauge sheet products in plants located in Huntingdon, Tennessee,
Salisbury, North Carolina and Newport Arkansas.
As part of its growth strategy, Noranda became the sole owner of
upstream mining and refining operations — Noranda Bauxite Limited
and Noranda Alumina LLC — in the fall of 2009. With this
acquisition, it also acquired a more complex information
infrastructure powered by multiple ERP systems, data structures and
classification taxonomies. Noranda’s procurement organization, led
by Vice President of Procurement & Logistics, John
Habisreitinger, Jr., soon began looking for a solution that could
create a clean, unified view of spending that would support
enterprise-level strategic sourcing and spend management
activities.
“With the full ownership of the Louisiana and Jamaica
operations, our spend volume and complexity increased
dramatically,” says Habisreitinger. “We suddenly had an opportunity
to more fully leverage and manage spend categories across a larger
portfolio; however, we required an efficient and effective
consolidation of data from multiple systems.”
Noranda conducted a competitive proof-of-concept exercise with
several potential providers to better understand the options and
capabilities available. “We were impressed by the combination of
speed, accuracy and potential of the Zycus product,” Habisreitinger
says. “Zycus provides an automated spend management tool capable of
consolidating and classifying data from multiple systems into a
customizable taxonomy. Further, we felt that Zycus offered the most
efficient and effective implementation plan, coupled with an
intuitive web-based analysis tool that could be more quickly
adopted and utilized by our procurement and logistics teams across
the business.”
“More and more,” observes Anurag Dixit, Vice President of
Marketing for Zycus, “we hear from customers that ease of use is
their number-one priority in selecting automation solutions for
strategic sourcing and spend management. Procurement leaders
understand that if the people in their organizations cannot easily
use and push the limits of tools they are being given, they cannot
even begin to deliver the ROI expected from strategic spend
management and sourcing.”
About Zycus
At Zycus we are 100% dedicated to positioning procurement at the
heart of business performance. For more than a decade we have been
the world's most trusted leader in Spend Analysis. With our spirit
of innovation and a passion to help procurement create even greater
business advantages, we have evolved our portfolio to a full suite
of Procurement Performance Solutions - Spend Analysis, eSourcing,
Contract Management, Supplier Management, and Financial Savings
Management. Behind every Zycus solution stands an organization that
possesses deep, detailed procurement expertise and a sharp focus on
being responsive to customers.
We are a large - 600+ and growing - company with a physical
presence in virtually every major region of the globe. We see each
customer as a partner in innovation and no client is too small to
deserve our attention.
With more than 200 solution deployments among Global 1000
clients, we search the world continually for procurement practices
proven to drive competitive business performance. We incorporate
these practices into easy-to-use solutions that give procurement
teams the power to get moving quickly and to continue innovating
and pushing business and procurement performance to new
heights.
To learn more about Zycus, e-mail information@zycus.com or visit
www.zycus.com.