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Blog
Embracing AI and Predictive Procurement to Overcome Industry Challenges
Today’s procurement teams are faced with a host of challenges: Managing more spend with fewer headcount. Dramatically improving the internal customer experience and supplier experience. Enhancing supplier performance. Balancing conflicting priorities and delivering...
Pioneering Procurement: How Arkestro’s Patents Are Reshaping the Industry
In the dynamic realm of procurement, leveraging cutting-edge technology and innovative methodologies isn't just advantageous—it's essential. At Arkestro, we're not merely tracking industry trends; we're creating them. Ben Leiken, Arkestro’s Chief Technology Officer,...
Unleashing the Power of Procurement Buyers: Delving into this Impactful Role
Buyers have always played an important role in the procurement industry, helping organizations obtain goods and maintain a careful balance of speed, cost-efficiency, and quality. But in 2024, the role has never been more important. After years of focusing on cost...
Inspiring Inclusion: The Transformative Role of Women in Procurement
As we celebrate International Women's Month 2024, the spotlight shines on the progress toward equality and the continued journey for inclusive growth within the professional sphere. This year's theme, Inspire Inclusion, resonates profoundly across various industries,...
Gartner® Top 4 Predictions for Procurement in 2024
If the last five years have taught procurement professionals anything, it’s that things can change in an instant. From a global pandemic completely disrupting supply chains to the emergence of artificial intelligence (AI) as a game-changing technology to automate...
From Reactive to Proactive: How Predictive Procurement Reshapes the Industry
The procurement workload is expected to increase by 10.6% in 2023, even as organizations continue to grapple with talent shortages, budget cuts, supply chain issues, and global inflation. The result? An industry productivity gap of 7.4% and an efficiency gap of 7.8%,...