Analyst Reports
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...
Championing Procurement Transformation in the C-Suite
Summary Unprecedented times call for new answers, not just incremental changes. Now is the time to mobilize your C-Suite to future-proof your supply chain. Supply scarcity and shortages, inflation, and supply chain disruptions are a few examples of what can go wrong....
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...
Championing Procurement Transformation in the C-Suite
Summary Unprecedented times call for new answers, not just incremental changes. Now is the time to mobilize your C-Suite to future-proof your supply chain. Supply scarcity and shortages, inflation, and supply chain disruptions are a few examples of what can go wrong....
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Blog
3 Things to Know About Arkestro’s Exclusive Advisory Council Events
It’s no secret that anyone working in procurement — from CPOs to procurement managers — has their work cut out for them in 2024. According to the Hackett Group’s 2024 Global CPO Survey, procurement teams’ workloads are expected to increase an average of 8% this year. ...
Confronting Skepticism: Embracing Predictive Procurement in a Data-Driven World
More than 50% of all organizations have automated their procurement processes, and about 35% use AI for procurement, up 29% from 2020. This industry-disrupting shift allows procurement teams to make better buying decisions, run more events, and reach more addressable...
Empowering Procurement Efficiency: The Dover Chemical Arkestro Case Study
If you want to reduce procurement costs, putting your data to work is a great place to start. The seemingly small 1% error rate associated with manual data entry can end up creating thousands of errors down the road — and cost you thousands of dollars. That’s why...
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...
3 Things to Know About Arkestro’s Exclusive Advisory Council Events
It’s no secret that anyone working in procurement — from CPOs to procurement managers — has their work cut out for them in 2024. According to the Hackett Group’s 2024 Global CPO Survey, procurement teams’ workloads are expected to increase an average of 8% this year. ...
Confronting Skepticism: Embracing Predictive Procurement in a Data-Driven World
More than 50% of all organizations have automated their procurement processes, and about 35% use AI for procurement, up 29% from 2020. This industry-disrupting shift allows procurement teams to make better buying decisions, run more events, and reach more addressable...
Empowering Procurement Efficiency: The Dover Chemical Arkestro Case Study
If you want to reduce procurement costs, putting your data to work is a great place to start. The seemingly small 1% error rate associated with manual data entry can end up creating thousands of errors down the road — and cost you thousands of dollars. That’s why...
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...