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Blog
Procurement in the Chemical Industry: The Future Is Predictive
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...
4 Predictions on Procurement’s Top Trends in 2023
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,...
Predictive Procurement: Overcoming Challenges in Health and Pharma
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...
6 Steps to Become Your Customer’s Supplier of Choice
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 Highlighted as Value Leader In Spend Matters’ Fall SolutionMap Rankings
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...
Right Price, Right Supplier: How Predictive Procurement Drives Value in the Automotive Industry
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...