Resources

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...

As your procurement team manages various purchase requests, all kinds of issues may arise.  Specific line items can fall through the cracks; the wrong suppliers can receive an RFP; someone could add a purchase order to the incorrect location within your ERP system—and...

It’s that time of year. Time to look back at the many challenges the world of procurement faced in 2021. More importantly, it’s time to learn from what took place over the past year and use that information to determine the top procurement and sourcing trends for...

In November of 2021, Spend Matters announced that they added Arkestro (formerly Bid Ops) to the Spend Matters’ Fall 2021 SolutionMap. Spend Matters has named Arkestro a Value Leader for the small, medium, and large businesses categories. This is Arkestro’s first...

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...