Analyst Reports
Hype Cycle for Procurement and Sourcing Solutions, 2023
Summary Curious about this year’s advancements in procurement technology that you might be able to leverage for your business? In this Gartner® Hype Cycle™ report, Gartner discusses how “procurement organizations can use emerging technology to deliver automation,...
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
With the pandemic, global economy, and inflation shaking up the automotive industry, reliable suppliers have become a major issue for many companies. Did you know that Artificial Intelligence (AI) powered solutions like Arkestro, can help make your automotive...
Arkestro Named a Value Leader in Spend Matters 2022 SolutionMap for Sourcing
If you have been evaluating procurement software, the Spend Matters 2022 SolutionMap for Sourcing is a must-read. Spend Matters is the leading analyst for Sourcing, researching innovative...
Procurement’s future is embedded platforms: Introduction to predictive procurement orchestration
How are embedded platforms changing the landscape of procurement? The Spend Matters’ analyst team released a white paper on the new market category of predictive procurement orchestration (PPO), and how the use of behavioral science, game theory and machine learning...
Procurement leaders intense focus on data quality
Why predictive procurement orchestration holds the key to trustworthy procurement data Most organizations believe that their procurement system centers on people, processes, and technology. What’s missing in this picture? Data. The data that flows through technology...
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
Summary Curious about this year’s advancements in procurement technology that you might be able to leverage for your business? In this Gartner® Hype Cycle™ report, Gartner discusses how “procurement organizations can use emerging technology to deliver automation,...
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
If you have been evaluating procurement software, the Spend Matters 2022 SolutionMap for Sourcing is a must-read. Spend Matters is the leading analyst for Sourcing, researching innovative...
Blog
The Road Ahead: Navigating Procurement Challenges with an Automotive Industry Expert
For automotive procurement teams, navigating the complex landscape of procuring components for vehicles is no easy feat. With an ever-changing industry requiring staying up to date with technology developments, current trends, and new regulations, it can be difficult...
A Look Inside: Arkestro’s Productivity Boosting Employee Offsite
Working from home has many upsides. It eliminates a lot of the traditional aspects of going to work in an office, like commuting and dressing in business attire. It can provide more independence, in many cases increase productivity, and allow us to have more...
The Power of Predictive Procurement Orchestration for Food & Beverage Supply Chain
Food and beverage procurement professionals have had their work cut out for them during the last few years. From keeping food on the table during a global pandemic to maintaining adequate inventory during the war in Ukraine, the sector has become well versed in...
Leveraging Procurement Software for a More Resilient Oil & Gas Supply Chain
Anyone who has filled up at the gas pump over the past few years can testify to the volatility of the oil and gas industry. And though the industry is no stranger to supply chain disruptions, the current landscape presents unique challenges. Economic downturns,...
5 Challenges Facing the VPs of Supply Chain & Manufacturing in 2023
If you thought supply chain and manufacturing challenges would be the least of your worries going into 2023, you’re either a resilient optimist or spent the last three years living under a rock. Unfortunately for supply chain and manufacturing executives, disruption...
Driving Cost Savings & Efficiency with Predictive Procurement Orchestration for Automotive
The ripple effects of the COVID-19 pandemic are still rearing their ugly head in the automotive industry. Plant shutdowns, production disruptions, supply shortages, and demand surges wreaked havoc on the automotive world in 2020. And unfortunately, many of those same...