Analyst Reports
Hype Cycle for Procurement and Sourcing Solutions, 2023
Procurement organizations can use emerging technology to deliver automation, efficiency and better collaboration with suppliers and stakeholders.Summary Curious about this year’s advancements in procurement technology that you might be able to leverage for your...
Predictive Procurement Orchestration: Four Ways PPO Can Transform the Industry
Summary A majority of Chief Procurement Officers believe the ability to use data to make better-informed decisions across an organization is the largest game-changing opportunity for procurement – and yet, many procurement teams are hesitant to adopt automation across...
AI-Enhanced Pricing Optionality: Making Supply Chains More Predictable
When you talk about the role of machine learning and AI, it’s really about creating the benefits of optionality for your purchasing organization without the administrative process and overhead costs associated with managing that complexity.Summary The automotive...
Arkestro Named a Value Leader in Spend Matters 2022 SolutionMap for Sourcing
Arkestro’s unique approach to AI and sourcing delivers robust capabilities to forecast outcomes of sourcing events before they are actually issued. Therefore, it is a solution that organizations wanting to intelligently automate some of their sourcing events should...
Procurement’s Future is Embedded Platforms: Introduction to Predictive Procurement Orchestration
Summary Procurement has long been criticized for being short-sighted in optimizing for short-term cost savings - because that is how many organizations measure procurement’s success. Spend Matters discusses how a self-driving system like Arkestro can lead to...
Procurement Leaders Intense Focus on Data Quality
The root cause of untrustworthy procurement data is both obvious and ubiquitous: free-text data entry checked using a laborious, manual error-prone validation process.Summary With a growing amount of data and an increasing need for agility and resilience, procurement...
Infographics
Westfall Technik’s Procurement Process with Arkestro
1Aggregate and specify demand2Identify potential suppliers3Simulate quotes from all potential suppliers using predictive modeling techniques4Shortlist and qualify suppliers using both history of supplier relationship and simulation5Invite qualified suppliers and...
Understanding Tiered Automotive Suppliers (And How PPO Can Help)
Original Equipment Manufacturer (OEM)The name brands we know and love such as GM, Ford, Volkswagen, etc. Arkestro's Predictive Procurement Orchestration (PPO) can sort through the countless tiers of automotive suppliers to find the best prices and suppliers to get the...
The State of Procurement: Opportunities Lost
Many of today’s procurement departments struggle with precision and efficiency, leading them to fall short of their goals and potential. Because of this, many departments are experiencing diminishing returns and lost opportunities. Here are the four most common...
Reclaiming Opportunities with Predictive Procurement Orchestration
1. Expand Reach and Influence on SpendPPO can drive efficiency across procurement by identifying patterns that reduce the amount of time spent on tactical activities.2. Drive Smarter DecisionsPPO solutions can deliver information efficiently using machine learning and...
Untangling Manufacturing Procurement with Data Analytics in the “Next Normal”
Procurement can be a cumbersome process for contract manufacturing operations, which must procure on behalf of their customers to meet rapidly changing production requirements. Determining the total delivered costs for any given Bill of Materials can often be very...
Just the Facts: The Procurement Industry
The percentage of spend under management of the procurement department at the average enterprise.Nine in 10 CPO's stated they should be doing more with the resources they have in place today and their overall performance should be better.Ineffective and inefficient...
Guides
Hype Cycle for Procurement and Sourcing Solutions, 2023
Procurement organizations can use emerging technology to deliver automation, efficiency and better collaboration with suppliers and stakeholders.Summary Curious about this year’s advancements in procurement technology that you might be able to leverage for your...
Predictive Procurement Orchestration: Four Ways PPO Can Transform the Industry
Summary A majority of Chief Procurement Officers believe the ability to use data to make better-informed decisions across an organization is the largest game-changing opportunity for procurement – and yet, many procurement teams are hesitant to adopt automation across...
Arkestro Named a Value Leader in Spend Matters 2022 SolutionMap for Sourcing
Arkestro’s unique approach to AI and sourcing delivers robust capabilities to forecast outcomes of sourcing events before they are actually issued. Therefore, it is a solution that organizations wanting to intelligently automate some of their sourcing events should...
Blog
Procurement: The True Hero of the Retail Holidays
It’s the most wonderful time of year! We are gathering with family and friends, celebrating over feasts and yummy treats, and best of all — we’re shopping. Black Friday is expected to be the busiest shopping day of the year in the U.S. In 2022, Black Friday and Cyber...
Procuring Thanksgiving Dinner: What’s on the Table for the Food and Beverage Industry
Thanksgiving is one of the most important holidays for the food and beverage industry in the U.S. Last year, the holiday brought in $2.8 billion in sales-lift and remains second only to Christmas (which brought in over double that at $6.2 billion). Getting a...
How to Transform Procurement into a Strategic C-Suite Player
Procurement is at a crossroads. At the same time that automation has launched the discipline into a new era of efficiency, global supply chain and manufacturing practices are in a constant state of flux. With technological advancements in their playbook, procurement...
5 Chilling Challenges Facing Procurement Today
From uncovering hidden supply chain specters to exorcizing bothersome data demons, procurement managers certainly have their hands full. While today’s procurement teams may not be plagued by actual ghosts, goblins, or ghouls, things can still go bump in the night when...
AI Revolution in Oil and Gas Procurement: Streamlining Operations for Success
The COVID-19 pandemic forced countless industries to become more lean, agile, and innovative, and the oil and gas industry was no exception to the trend. Forever changed by global lockdowns, volatile consumer demands, and increasing pressure to go green, oil and gas...
Elevating Procurement: Autonomous Technology’s Role in Efficiency and Innovation
Data Science, machine learning, and automation technology are poised to disrupt nearly every industry over the next few decades, and the procurement space is no exception. By 2026, the procurement analytics market is predicted to grow at a compound annual growth rate...