5 Reasons You Need to Attend Optimal ’22 Las Vegas

Optimal ’22

Last Spring, Arkestro, the leading Predictive Procurement Orchestration platform, held Optimal: The Leadership Summit for Predictive Procurement. The conference included presentations, workshops, keynotes, demos, and networking among hundreds of thought leaders and practitioners.  If you missed the spring Optimal conference in New York or Optimal ’21, now is your chance to attend Optimal ’22 Las […]

The Impact of The Great Resignation on Procurement

the Great Resignation

The world—and the workplace—is evolving rapidly, and with changes comes shake-ups within procurement and beyond. One of the shifts we’re seeing today is the Great Resignation, which is transforming the workplace (and isn’t going anywhere anytime soon).  Since this trend of workers resigning en masse is here to stay, inherent risks come with this change. […]

Supplier Relationship Management – The Secret to Effective Supplier Relationships

supplier relationship management

For the longest time, the procurement scale has tipped in favor of the buyer. However, the post-pandemic era has seen a dramatic shift in the business landscape. Constrained supply chains and the associated shortages have resulted in mounting pressures from the government and investors for organizations to diversify their supplier bases. The supplier relationship management […]

Supply Chain Resilience and Sustainability – Partners or Adversaries?

supply chain resilience

One of the most critical lessons learned during the global pandemic and its aftermath has been the importance of supply chain resilience. As organizations have been coming to grips with this reality, they have also been working hard toward achieving the goal of sustainability. The good news is that these two goals are not mutually […]

Box and Arkestro—Procurement Key Performance Indicators and Actionable Insights For Enhanced Supplier Diversity

Key Performance Indicators

Box is one of the most widely used enterprise technologies in the world for secure content management, workflow, and collaboration. As part of Box’s continuous advocacy towards ESG and Supplier Diversity, previous visibility into their supplier diversity spending was limited. That’s because Box didn’t have the detailed information and access to 3rd-party databases to understand […]

Top 5 Predictive Procurement Metrics

predictive procurement metrics

We don’t need to go into the myriad challenges that have disrupted procurement and sourcing over the past two years. Needless to say, since the COVID-19 pandemic first began, the supply chain has been upended—although the ultimate cause of the disruption might not be what you think. Two things have become clear. The first is […]

Arkestro Lands $26 Million in Series A Funding

Arkestro Series A

Arkestro is the leading Predictive Procurement Orchestration platform, and now it’s about to undertake the next stage in its growth story. The company is pleased to announce that it has successfully landed Series A funding of $26 million.   This round of funding was led by NEA, Construct, Koch Disruptive Technologies (KDT) and Four More Capital, […]

Arkestro Named Value Leader in Spring 2022 Spend Matters SolutionMap

Spend Matters Value Leader

In June 2022, Spend Matters released the Spring SolutionMap procurement technology benchmarking rankings. This year’s cycle featured 69 leading vendors across ten different technology categories. Spend Matters’ analysts ranked Arkestro’s Predictive Procurement Orchestration platform as SolutionMap’s Value Leader in Sourcing for small, medium, and large enterprises. The Spring 2022 SolutionMap ranking is the second time […]

Why Predictive Procurement in Health and Pharma is the Future

Predictive Procurement in Health and Pharma

Harvard Business Review has a number of articles that provide an excellent primer on the background of procurement in the health and pharma industries and the extraordinary challenges they have faced during the COVID-19 pandemic. The researchers who have authored these articles point to the need for procurement to play a leading role in addressing […]

How to Solve Supply Chain Disruptions — It’s Not What You Think

How to solve supply chain disruptions

As 2019 wound down, who would have predicted that how to solve supply chain disruptions would become one of the top headlines? Especially throughout the next three years? Not just in trade publications, either. Supply chain disruption has become something that all of us see in the headlines every day: online, in newspapers, and in […]