Resources

This blog was refreshed on October 12, 2023. In today's rapidly evolving procurement landscape, where the priorities of Chief Procurement Officers (CPOs) have shifted towards driving operational efficiency and digital transformation, the importance of metrics like...

Procurement professionals rely on tools to maximize their performance. One of the most essential additions to the strategic sourcing toolkit is procurement KPIs or key performance indicators. KPIs provide the targets that the procurement team needs to hit, and they...

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...

Predictive procurement is heavy on the letter “P.” However, when you start digging down into what this approach to procurement means, what’s needed to succeed, and the benefits of adopting it, you’ll find a whole lot more “P”s. Not convinced? We’ve put together a list...

At the end of September, Arkestro hosted a webinar covering the topic of predictive procurement. The focus was on how procurement technology and procurement strategy align with the digital transformation goals of many procurement teams; reducing manual work to free up...

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...

Predictive procurement is no longer the future of procurement. For successful companies, it’s the “now.” By employing predictive procurement, companies can take advantage of the strategy’s unique benefits and advantages. Using this data-driven approach for sourcing,...

Those that work in supply chain have all heard of predictive procurement. It’s often spoken of as the future of sourcing, with AI-powered predictive analytics delivering revolutionary change. Procurement becomes a strategic force in an organization—a far cry from its...

When it comes to procurement, have you thought about the big picture? Too often, it’s focused on segmented demand and fails to account for overall demand. That’s why progressive organizations are making the shift to category management. To understand the category...