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Blog
Arkestro (Formerly Bid Ops) Named a 2021 Gartner® Cool Vendor
As we enter into a new year, Arkestro (formerly Bid Ops)—the pioneer in Predictive Procurement Orchestration platform— has been named as a 2021 Gartner® Cool Vendor in Strategic Sourcing Technology. Here’s everything you need to know about what Gartner researchers see...
How Does Arkestro Compare to Scout RFP (Workday Sourcing)?
Many procurement organizations are undertaking projects to modernize their operations. That’s understandable. Several things have proven to be a potent combination: The never-ending mandate to cut costs with a fast time-to-value A pandemic that saw procurement thrust...
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...