Blog
Bel Brands Leverages Arkestro to Modernize the RFP Process
Multinational cheese producer Bel Brands spends $285 million yearly among its 3,500 suppliers. The company modernized its RFP process using Arkestro, resulting in a 10% cost savings. The move brought a considerable increase in efficiency as well, resulting in a 25%...
3 Reasons Why Your Outdated Sourcing Tools Are Holding You Back
This is the tale of two trends and how they are becoming inseparable: procurement and SaaS (Software as a Service). What is the relationship between a long-established business role and the hottest trend in cloud computing? For a start, both are increasingly seen as a...
The Top 3 Reasons to Attend Optimal 2021
The countdown is on to Optimal 2021. This is the AI conference for procurement teams, where procurement meets AI to drive innovation and digital transformation. Over 55% of companies are making a major AI investment in procurement. If yours is one of those, or...
Arkestro: The Ultimate Tool for AI in Procurement
Sourcing and procurement are critical functions in business. They’ve always been one of the keys to success—simply put, without sourcing, there are no raw materials to make a product. Furthermore, procurement teams typically cost less than one percent of an...
SaaS: The Rise of Software as a Service (and its Role in Procurement)
The past decade has seen the extraordinary rise of SaaS or Software-as-a-Service. What is SaaS, and why has it become so popular? Traditionally, software solutions are installed and run onsite. Applications run on PCs, and if they are tied to a central server, that...
Arkestro Founder and CEO Leads SCMDOJO Course “Introduction to Strategic Sourcing”
Why did we create “Introduction to Strategic Sourcing”? Strategic sourcing is the biggest, highest-impact change in supply chain management in decades. Yet I could not find an accessible, engaging online course for understanding what strategic sourcing means, learning...
Ensure 100% coverage on your line items with Line Item Surveys from Arkestro
Breaking news from Arkestro: You can now survey suppliers at the line item level for every request you run on Arkestro before you collect quotes. Use this feature to ensure that all participating suppliers have the line items you’re looking to purchase in stock, can...
How Strategic Sourcing Can Help the CPG Industry
The typical person may not know offhand what CPGs are (consumer packaged goods), but you can bet they interact with them every day. The CPG industry produces everyday items. These are the products you find in grocery stores, big-box stores, hardware stores, and...
7 Strategic Sourcing Trends for 2021 and Beyond
Strategic sourcing has been growing in importance in the world of procurement. The traditional sourcing strategy of picking the supplier who offers the lowest cost worked for centuries but doesn’t cut it in a modern, globalized business climate. Strategic sourcing has...
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