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Blog
Data Science Is Changing the Procurement Landscape
Contributor Post from Christian Ries For years, supply chains have relied on manual data entries from spreadsheets to assess spend and opportunity. At the same time, large companies with several supply chains combined their sourcing efforts in order to compile enough...
40 Business Requirements For Your Strategic Sourcing Software
Constructing an RFI (Request for Information) for an RFQ Software platform presents numerous challenges. Based on a survey of strategic sourcing leaders, here are 40 business requirements for your RFQ software – with no BS – organized around the four key sourcing...
Arkestro Management Lessons
Contributor Post from Edmund Zagorin In building and scaling Arkestro, our team has worked hard to create an intentional culture where people are able to set individual and team goals that align with business metrics. We aim to build a company where anyone with vision...
Could More Supplier Quotes Improve Business Operations? 3 Metrics Can Help You Get The Best Value Supplier
Edmund Zagorin, Ken Desowitz, Brent Maas, James McGraw The relationship between supplier participation and value creation As procurement leaders, we tend to favor facts and data over personal opinion as reasons to make a contract award decisions. Like hiring the best...
5 Ways Your Private Equity Firm’s Procurement Playbook Can Benefit From Supplier Negotiation AI
Last month I attended the Industrial Exchange conference in Miami, a new gathering organized by Jon Cooper for PE firms that own mid-market industrial companies and technology providers. To date, Arkestro customer base has focused procurement in large enterprises, and...
Supplier Relationships – 3 Steps For Building Strategic Supplier Relationships With A Growth Mentality
1. Use A Checklist To Communicate Clear Expectations & Get Supplier Buy-In Up Front When a business begins to create a management framework around supplier partnerships, it often means amending existing relationships. For any supplier partnership, it’s easier to...