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Blog
3 Reasons Why Predictive Sourcing Means You Never Leave Money On The Table
Within many organizations, the procurement team is on the front line in terms of saving money. Never leaving money on the table is always a priority, and the idea is that predictive sourcing can achieve savings by negotiating better deals with suppliers. If cost...
Predictive Sourcing: How to Act on Market Changes Before They Happen
The past year has repeatedly proven that the best-laid plans can fall to pieces with little or no warning. Among the many issues we’ve all had to deal with have been shortages. And it’s not just consumers who have experienced the frustration of scarcities, although we...
Arkestro: 3 Ways to Use Strategic Sourcing in the Healthcare Industry
Strategic sourcing is an approach that goes far beyond the traditional procurement method of focusing on cost and reducing costs. As the name suggests, it’s strategic in nature. That means formalizing procurement and supply chain management, looking longer-term than...
How Sourcing Software is Helping Procurement Teams do More
Surveys of CPOs show some predictable trends in the industry. Cost savings and timely delivery consistently top their list of main priorities—as you would expect. At the board level, there are other areas of focus when it comes to procurement, including predictive...
Arkestro is the Predictive Sourcing Software That Enables Supplier Diversity
Sourcing professionals have found their role growing in complexity over the decades. From a focus on keeping costs as low as possible while working primarily with local suppliers, sourcing and procurement have expanded tremendously in scope. A modern organization’s...
BASF, UCB Biopharma and Dover Chemical Leverage Arkestro Predictive Sourcing AI To Predict and Win Faster Savings: Three Case Studies
With a global supply chain and disruptive events like a worldwide pandemic in the mix, it’s become clear that technology itself must advance. Organizations and supply chains were put under extreme duress by COVID-19, and it illustrated that future-proofing is needed...