Welcome!

News Feed Item

Google Hangout with CPOs - A New Initiative by Zycus

Zycus, a world leader in procurement technology solutions across the source-to-pay cycle, successfully conducted its first ever CPO Google Hangout discussion on ‘Skills for the Modern Procurement Professional’ with senior procurement leaders on July 17, 2014 from 1:00 p.m. to 1:30 p.m. EST.

“Reflecting Zycus’ innovative and adaptive culture, this initiative is our unique way to reach out to procurement professionals personally through the use of a social media platform that encourages CPOs to disseminate ideas and knowledge,” said Zycus CEO and founder Aatish Dedhia. With the intent of serving a global live audience, Zycus broadcasted this technology-age round table virtual conference live on the Google Hangout event page and on YouTube.

This 30-minute virtual conversation was led by the subject matter expert Andrew Bartolini, Chief Research Officer, Ardent Partners, and moderated by Richard Waugh, VP Corporate Development, Zycus Inc. The panelists for the discussion featured:

  • Dawn Buchanan, Chief Procurement Officer, Digital River
  • Rick DeHart, former Chief Procurement Officer, Scientific-Atlanta and Cisco
  • Tina Richards, Senior Director, Procurement, SAIC

Organizations are seeking ways to transform their procurement departments to compete and thrive in this era of global commerce. Procurement professionals will have to acquire new skills that will enable them to maximize value for the company and, at the same time, help advance their careers. Executives have to chart clear strategies and workable plans to enhance their technical competencies and emotional quotient in light of these new realities so that they can not only compete, but also to stay ahead of the curve.

“I liked the application, I liked the content, I think that the folks contributed well and we complemented each other well. I thought there was some good dialogue and, of course, I learned a couple of things, which was also very good,” commented Rick DeHart, former Chief Procurement Officer, Scientific-Atlanta and Cisco, in the feedback session conducted after the CPO Hangout.

Below are some of the key takeaways for procurement executives, from this virtual conference:

  • With increasing use of end-to-end S2P suites, CPOs expect their people to focus 80% of their time on strategy, sourcing development and strategic commodity development and about 20% of their time on the operational aspects.
  • To improve their efficiency, procurement organizations will use the new mantra: ‘Do more with less, or do more with the same’ without putting additional pressures on their existing headcount. Undoubtedly, technology is going to be the key enabler here.
  • Procurement professionals will need to increase their visibility and start focusing on building business consulting skills, collaboration skills, finance acumen, and relationship management skills to move up the career ladder.
  • The increasing need for analytical and technological skills will create a ‘neo-tribe of procurement professionals’ with a potential to transform the procurement department into a strategy powerhouse.

Moving forward, these hangouts will be held on a monthly basis to enable better networking and create widespread structured discussions on various procurement-related topics. Zycus extends a special invitation to panelists participating in these conversations.

In the upcoming Google Hangout session, scheduled for Thursday, August 14, 2014, 1:00 p.m. EST, professionals will discuss and participate in a conversation about ‘The Procurement Metrics that Matter.’ This session will be led by Patrick Connaughton, Senior Research Director, The Hackett Group.

About Zycus

Zycus is committed to positioning procurement at the heart of business performance. With our spirit of innovation and a passion to help procurement create even greater business impact, we have evolved our portfolio to a complete Source-to-Pay suite of procurement performance solutions - Spend Analysis, eSourcing, Contract Management, Supplier Management, eProcurement, eInvoicing and Financial Savings Management. We are proud to have more than 200 solution deployments among Global 1000 clients across verticals like Manufacturing, Automotives, Banking and Finance, Oil and Gas, Food Processing, Electronics, Telecommunications, Chemicals, Health and Pharma, Education, and more.

To learn more about Zycus, e-mail [email protected] or visit http://www.zycus.com/.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
With over 720 million Internet users and 40–50% CAGR, the Chinese Cloud Computing market has been booming. When talking about cloud computing, what are the Chinese users of cloud thinking about? What is the most powerful force that can push them to make the buying decision? How to tap into them? In his session at 18th Cloud Expo, Yu Hao, CEO and co-founder of SpeedyCloud, answered these questions and discussed the results of SpeedyCloud’s survey.
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Actian Corporation has announced the latest version of the Actian Vector in Hadoop (VectorH) database, generally available at the end of July. VectorH is based on the same query engine that powers Actian Vector, which recently doubled the TPC-H benchmark record for non-clustered systems at the 3000GB scale factor (see tpc.org/3323). The ability to easily ingest information from different data sources and rapidly develop queries to make better business decisions is becoming increasingly importan...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage. Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
Deploying applications in hybrid cloud environments is hard work. Your team spends most of the time maintaining your infrastructure, configuring dev/test and production environments, and deploying applications across environments – which can be both time consuming and error prone. But what if you could automate provisioning and deployment to deliver error free environments faster? What could you do with your free time?
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
SYS-CON Events announced today that eCube Systems, a leading provider of middleware modernization, integration, and management solutions, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. eCube Systems offers a family of middleware evolution products and services that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
Pulzze Systems was happy to participate in such a premier event and thankful to be receiving the winning investment and global network support from G-Startup Worldwide. It is an exciting time for Pulzze to showcase the effectiveness of innovative technologies and enable them to make the world smarter and better. The reputable contest is held to identify promising startups around the globe that are assured to change the world through their innovative products and disruptive technologies. There w...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...