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Blog
How Arkestro and Workato Can Work Together to Further Automate Your Procurement Workflows
As your procurement team manages various purchase requests, all kinds of issues may arise. Specific line items can fall through the cracks; the wrong suppliers can receive an RFP; someone could add a purchase order to the incorrect location within your ERP system—and...
7 Procurement and Sourcing Trends for 2022
It’s that time of year. Time to look back at the many challenges the world of procurement faced in 2021. More importantly, it’s time to learn from what took place over the past year and use that information to determine the top procurement and sourcing trends for...
Arkestro (Formerly Bid Ops) Named Value Leader in Fall 2021 Spend Matters’ SolutionMap
In November of 2021, Spend Matters announced that they added Arkestro (formerly Bid Ops) to the Spend Matters’ Fall 2021 SolutionMap. Spend Matters has named Arkestro a Value Leader for the small, medium, and large businesses categories. This is Arkestro’s first...
How To Calculate Purchase Price Variance (PPV)
This blog was refreshed on October 12, 2023. In today's rapidly evolving procurement landscape, where the priorities of Chief Procurement Officers (CPOs) have shifted towards driving operational efficiency and digital transformation, the importance of metrics like...
10 Procurement KPIs That Will Matter Most in 2022
Procurement professionals rely on tools to maximize their performance. One of the most essential additions to the strategic sourcing toolkit is procurement KPIs or key performance indicators. KPIs provide the targets that the procurement team needs to hit, and they...
Procurement’s Talent Shortage: How to Continuously Motivate High-Performing Teams
Anyone who follows the news has seen the headlines about the exodus of workers from many industries dubbed as “The Great Resignation.” In September 2021 alone, 4.4 million Americans quit their jobs — a full 3% of the total workforce. While analysts suspect that many...