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Blog
3 Things Procurement Gets Wrong About CapEx (and How You Can Get It Right)
This blog was refreshed on October 16, 2023. When it comes to procurement, CapEx (Capital Expenditure) is often overshadowed by OpEx (Operational Expenditure). However, as industries undergo transformative changes, CapEx procurement is gaining prominence....
3 Mistakes to Avoid With Your Next Packaging RFP
Procurement and sourcing professionals know that strong category knowledge is critical to a successful RFP. That’s why we want to shine a light on best practices for sourcing a category that often gets overlooked: packaging. What is a Packaging RFP, and Why is it More...
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...