How Does Arkestro Compare to Scout RFP (Workday Sourcing)?
Many procurement organizations are undertaking projects to modernize their operations. That’s understandable. Several things have proven to be a potent combination: The never-ending mandate to cut costs with a fast time-to-value A pandemic that saw procurement thrust into the spotlight as global supply chains were fractured The move by […]
Procurement’s Talent Shortage: How to Continuously Motivate High-Performing Teams
Anyone who follows the news has seen the headlines about the exodus of workers from many industries dubbed as “The Great Resignation.” In September 2021 alone, 4.4 million Americans quit their jobs — a full 3% of the total workforce. While analysts suspect that many workers simply changed jobs, US labor statistics indicate a substantial […]
How Does Arkestro Compare to Fairmarkit?
Procurement and sourcing professionals who are researching advanced new procurement software often find two names that come up repeatedly: Arkestro and Fairmarkit. The two solutions aren’t necessarily in direct competition. In fact, there are even scenarios where some organizations might want to use both solutions for different aspects of their business. For example, Arkestro for […]
Arkestro Founder and CEO Leads SCMDOJO Course “Introduction to Strategic Sourcing”
Arkestro and SCMDOJO have come together for a new strategic sourcing course. Find out why it’s an essential tool for anyone involved in the procurement industry.
5 Lessons I Learned About Procurement’s Digital Transformation From Competitive Debate
Digital transformation has become an important topic for most procurement teams today. As I advise procurement leaders on how to approach digital initiatives I find myself looking back on experiences from high school and college where I was lucky enough to participate in the digital transformation of an entire community of practice: competitive debate. While […]
A Brave New Supply Chain World
To understand long-term transformations in supply chain and procurement technology, supply chain professionals must be able to understand present trends so they can help shape future realities. Experts believe the following predictions are viable hypotheses that we should consider for 2030. Predicting the Supply Chain Landscape in 2030 Increase in Population In 2030, there will […]
Emotion, Personality, and Negotiation: Why AI Provides Unique Leverage on the “Soft Skills” of Strategic Sourcing and Supplier Selection
People who make forecasts about AI assume that because AI is a virtual machine (albeit an adaptive one), that it will be good at things we’ve come to know machines are good at and bad at everything else. Strangely, the past few years have disproved this – AI seems quite good at writing poetry, producing […]
40 Business Requirements For Your Strategic Sourcing Software
Constructing an RFI (Request for Information) for an RFQ Software platform presents numerous challenges. Based on a survey of strategic sourcing leaders, here are 40 business requirements for your RFQ software – with no BS – organized around the four key sourcing personas: Procurement Leader, Buyer/Category Manager, Supplier, and Stakeholder. Before you implement predictive sourcing […]
Arkestro Management Lessons
In building and scaling Arkestro, our team has worked hard to create an intentional culture where people are able to set individual and team goals that align with business metrics. We aim to build a company where anyone with vision and motivation who shares our values can do their best work, where we celebrate excellence […]
Could More Supplier Quotes Improve Business Operations? 3 Metrics Can Help You Get The Best Value Supplier
Edmund Zagorin, Ken Desowitz, Brent Maas, James McGraw The relationship between supplier participation and value creation As procurement leaders, we tend to favor facts and data over personal opinion as reasons to make a contract award decisions. Like hiring the best candidate for an open job position, awarding a contract to the best supplier is […]
