Doosan, Construction Equipment, ROI--Doosan Infracore Construction Equipment Looks for Rapid ROI on Spend Analysis Investment

Global company taps Zycus for spend analysis as it seeks to integrate acquisitions and cope with aftereffects of global recession By Editorial Staff 

Princeton, NJ — November 8, 2010 — Doosan Infracore Construction Equipment (DICE) has tapped a spend analysis solution from Zycus as part of an initiative to integrate acquisitions, reorganize its sourcing function and cope with the aftereffects of the global recession, the solution provider has announced.

Doosan Infracore is an industry leader in the engineering, manufacturing and marketing of compact and heavy construction equipment, attachments, air compressors, lighting systems, generators and articulated dump trucks. The company represents world-renowned construction equipment brands, including Doosan, Bobcat, Montabert, Portable Power and Geith.

Faced with multiple challenges of integrating recent acquisitions, reorganizing into four regional sourcing centers with global commodity leaders, and coping with lingering effects of the 2008-2009 economic recession, DICE authorized its chief procurement officer (CPO), Gregory Kinder, to invest in a spend analysis solution with a mandate that the organization achieve full return on the investment (ROI) within six months.

Having thoroughly researched the spend analysis market and worked with Zycus in a past procurement role, Kinder turned to Zycus to get the job done at DICE. "Our intent is to dramatically increase our visibility, across regions and also globally, into the multi-billion dollar annual enterprise spending across a broad range of manufacturing, technical service, aftermarket parts distribution and office locations," said Kinder.

Other DICE objectives, according to Kinder, include spend categorization by UNSPSC code, normalization of spend data by supplier, insight into indirect spend and advanced reporting capabilities.

"Companies with complex global supply networks need rigorous spend analysis solutions that can cope easily with large numbers of languages, suppliers, part numbers and spend categories," said Anurag Dixit, vice president of global marketing for Zycus, "Our deep and broad spend classification expertise and state-of-the-art solutions will help DICE progress quickly to its vision for enterprise spend management."