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...
A new year offers an opportunity to reflect on the past, learn from it, and prepare for the future. Of course, old problems don’t suddenly disappear because one year ends and a new one begins. But hopefully, we can incorporate what we’ve learned into our day-to-day,...
This blog was refreshed on October 17, 2023. Procurement professionals of all types face a challenging and dynamic work environment. But those in the health and pharmaceutical industries grapple with an array of formidable challenges, exacerbated by the demands of the...
There is no debate regarding how critical the supplier-client relationship is within the procurement industry. And while much has been written about how procurement can improve relationships with suppliers—especially with the current supplier-centric economy—far less...
Arkestro was recognized with the designation of “Value Leader” in the Sourcing category of Spend Matters’ Fall 2022 SolutionMap rankings. The Spend Matters SolutionMap is widely known as the most rigorous assessment of procurement technology functionality in the...
Procurement in the automotive industry is complex. The number of parts in a modern car varies. But on average, there are 30,000 parts if you count everything from the nuts and bolts to the engine. Sourcing all these parts is integral to the automotive industry but...
Business relationships only work when all parties benefit. Predictive Procurement is crucial to solving a wide range of complex supply chain problems efficiently and effectively. Procurement teams that successfully align with their key suppliers have seen improved...
Arkestro, the leading predictive procurement orchestration platform, has caught the eye of the Spend Matters analyst team as an up-and-coming player they think their practitioner readers and members should get to know. On October 17, Spend Matters released their 50...
Many complexities go into manufacturing a vehicle, including sourcing and purchasing all the different parts. But what makes automotive purchasing so complex? What data do we need access to in order to make smarter decisions? And where does AI fit into the mix? On...
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...
A new year offers an opportunity to reflect on the past, learn from it, and prepare for the future. Of course, old problems don’t suddenly disappear because one year ends and a new one begins. But hopefully, we can incorporate what we’ve learned into our day-to-day,...
This blog was refreshed on October 17, 2023. Procurement professionals of all types face a challenging and dynamic work environment. But those in the health and pharmaceutical industries grapple with an array of formidable challenges, exacerbated by the demands of the...
There is no debate regarding how critical the supplier-client relationship is within the procurement industry. And while much has been written about how procurement can improve relationships with suppliers—especially with the current supplier-centric economy—far less...
Arkestro was recognized with the designation of “Value Leader” in the Sourcing category of Spend Matters’ Fall 2022 SolutionMap rankings. The Spend Matters SolutionMap is widely known as the most rigorous assessment of procurement technology functionality in the...
Procurement in the automotive industry is complex. The number of parts in a modern car varies. But on average, there are 30,000 parts if you count everything from the nuts and bolts to the engine. Sourcing all these parts is integral to the automotive industry but...
Business relationships only work when all parties benefit. Predictive Procurement is crucial to solving a wide range of complex supply chain problems efficiently and effectively. Procurement teams that successfully align with their key suppliers have seen improved...
Arkestro, the leading predictive procurement orchestration platform, has caught the eye of the Spend Matters analyst team as an up-and-coming player they think their practitioner readers and members should get to know. On October 17, Spend Matters released their 50...
Many complexities go into manufacturing a vehicle, including sourcing and purchasing all the different parts. But what makes automotive purchasing so complex? What data do we need access to in order to make smarter decisions? And where does AI fit into the mix? On...