Saudi Arabia Mining Company (Ma’aden) has selected leading leading source-to-pay procurement solutions provider Zycus’ advanced Spend Analysis solution, including iAnalyze and iMine, for global leadership in spend analysis.

Ma’aden has major interests in gold, base metals, phosphate, aluminium, and industrial minerals.

In support of its five-year strategic business plan, the corporate procurement team is collaborating with affiliates to design and develop robust and sustainable procurement processes, systems and internal capabilities for Strategic Category Management.

Ma’aden procurement’s immediate objective is ‘to place majority of spend under rigorous category management, maximise local content, achieve standardisation, and deliver target savings across both operating and capital expenditures; and to attain its goals, the team needs to improve spend visibility and implement category management practices,” said Ma’aden corporate procurement and contracts director.

Aatish Dedhia, chief executive officer of Zycus, said: “Ma’aden is yet another example of a company choosing the fast-track to advanced strategic spend and category management by investing in state-of-the-art solutions at the front end of a procurement transformation.

“Our experienced and knowledgeable implementation teams are very much looking forward to collaborating with Ma’aden in its pursuit of best-in-class sourcing, procurement and supply management processes and performance levels.” - TradeArabia News Service