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Overcoming Construction Struggles With Predictive Procurement
May 23, 2023 | Sourcing Education
In years past, the construction industry lagged behind the pack when it came to predictive procurement and digital transformation. After all, procurement in construction faces many unique challenges and requirements, making it a historically difficult industry to...

What CPOs Need to Know About Predictive Procurement Orchestration
May 9, 2023 | Thought Leadership
The vast majority of Chief Procurement Officers (CPOs) believe in the power of procurement data to make better-informed decisions across their organization. In fact, they believe the potential of procurement data is so big, it could completely revolutionize the way...

Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement
Apr 25, 2023 | Sourcing Education
Construction companies face a host of challenges in the post-COVID era. The workforce shortage reached half a million this year, and many sectors continue to grapple with increased lead times, and volatile material costs. In fact, 71% of all companies said the cost of...

Choosing the Best Tiered Automotive Suppliers with Predictive Procurement Orchestration
Apr 11, 2023 | Sourcing Education
Procurement is a critical part of any business, especially in the automotive industry. With ever-changing customer demands and supply chain disruptions, the last thing you need is a complex sourcing strategy that can lead to engaging the wrong suppliers. Auto...

The Potential of Predictive Procurement Orchestration
Mar 28, 2023 | Thought Leadership
Welcome to the 2020’s, the same decade that George Jetson from the cartoon “The Jetsons” was born. While we are still far off from a future with flying cars and home robots, many of the technologies predicted in the show – think flat screen televisions, video calls,...

3 Ways Arkestro Can Assist With Your Automotive Sourcing Strategy
Mar 13, 2023 | Sourcing Education
Automotive sourcing is complicated, and few supply chains are as complex. Manufacturing is a global endeavor, with assembly plants located across the world – many of which work on a “just-in-time” basis. New vehicles contain thousands of parts, ranging from tiny...

Supporting Procurement During a Recession: How You Can Prepare Your Team
Mar 2, 2023 | Events & Media
Reading the news, it’s hard not to feel anxious about what seems like an impending recession from the daily headlines. In fact, “69% of Americans are worried about a possible recession by the end of 2023” (Bankrate). However, economists are reeling as unemployment is...

Streamline Automotive Purchasing Processes with AI
Feb 15, 2023 | Sourcing Education
Automotive purchasing has been a hot topic in recent years. With the pandemic, global economy, and inflation shaking up the industry, reliable suppliers have become a major issue for companies involved in heavy industry procurement. Luckily, Artificial Intelligence...

Procurement in the Chemical Industry: The Future Is Predictive
Jan 19, 2023 | Sourcing Education
Few industries are as massive and complex as the nearly $5 trillion chemical manufacturing industry. Globally, it plays a vital role in the economy, employing around 20 million people. Chemical manufacturers turn an array of raw materials—gas, minerals, metals, and...
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