Blog
How Strategic Sourcing Reduces Spend in the Food and Beverage Industry
The food and beverage industry is a massive one, especially in North America. According to the United States Department of Agriculture (USDA), in 2019, U.S. consumers, businesses, and government agencies spent $1.77 trillion on food and beverages in grocery stores and...
How to Select the Right Strategic Sourcing Software For Your Needs
You’re a procurement professional. The company or organization you work for has tasked you to choose a strategic sourcing software that supports this new way of doing things. First of all, congratulations! The shift from reactionary sourcing to strategic sourcing is a...
Have You Made Your Material Sourcing Plan?
Many companies are content with employing a reactive sourcing strategy. When material sourcing, their procurement team responds to requirements from the business side of the operation as they arise. That’s fine—sourcing professionals have the expertise to deal with...
3 Ways Arkestro Removes Strategic Sourcing and Procurement Stress
It doesn’t matter what kind of business or organization you work for; if you’re part of the sourcing process, you’re working under pressure. Strategic sourcing stress is caused by day-to-day occurrences and manual process. Let’s leave strategic pressure aside for the...
How You Can Sell Value Using Arkestro
The business landscape continues to evolve at an increasingly rapid pace each and every year. As a supplier, you’re tasked with keeping up with this pace of change and responding to bid opportunities, inbound inquiries, and hitting your quarterly targets. This means...
4 Major Types of Sourcing Strategies in the Construction Industry
This blog was refreshed on October 16, 2023. The construction industry's sourcing challenges demand diverse strategies, from traditional practices to collaborative ventures. Procurement teams must navigate complexities like changing weather, site conditions, and...
SSON Presents a Startup to Watch: Arkestro
This month, the Arkestro team was fortunate enough to attend SSON, the World’s Largest Shared Service and Outsourcing Network. During a competition where startups showcased critical new tools and services that Shared Services and Outsourcing Executive must be aware...
3 Reasons Understanding Your Suppliers Better Will Benefit Your Sourcing
Supplier relationships are your new competitive advantage All businesses face extraordinary challenges in 2020. The fallout from an ongoing COVID-19 pandemic has put financial pressure on companies, resulting in cost-cutting across the board. In addition, the epidemic...
3 Ways to Measure Predictive Procurement Success Beyond Cost Savings
There was a time when a company’s procurement function was largely left out of the loop and taken for granted. Once other business units had made the meaningful decisions, then it was up to the sourcing team to look after the mundane tasks of contacting suppliers and...
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Talk to an expert on how Arkestro can help you negotiate smarter and achieve more in less time, without adding headcount.
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