The only ubiquitous thing about sourcing and procurement in 2023 is that there is no one-size-fits-all model for success. While certain industries continue to work around rising prices and supply disruptions, others are trying to take advantage of downward price...
The Power of Predictive Procurement Orchestration for Food & Beverage Supply Chain
Aug 22, 2023 | Blog | Sourcing Education
Food and beverage procurement professionals have had their work cut out for them during the last few years. From keeping food on the table during a global pandemic to maintaining adequate inventory during the war in Ukraine, the sector has become well versed in...
Leveraging Procurement Software for a More Resilient Oil & Gas Supply Chain
Aug 8, 2023 | Blog | Sourcing Education
Anyone who has filled up at the gas pump over the past few years can testify to the volatility of the oil and gas industry. And though the industry is no stranger to supply chain disruptions, the current landscape presents unique challenges. Economic downturns,...
Driving Cost Savings & Efficiency with Predictive Procurement Orchestration for Automotive
Jul 6, 2023 | Blog | Sourcing Education
The ripple effects of the COVID-19 pandemic are still rearing their ugly head in the automotive industry. Plant shutdowns, production disruptions, supply shortages, and demand surges wreaked havoc on the automotive world in 2020. And unfortunately, many of those same...
What Does Finance Think of Procurement?
Jun 6, 2023 | Blog | Sourcing Education
Procurement and finance are two sides of the same coin. On the one side, finance is concerned with keeping the company budget in the black. On the other side, procurement is concerned with keeping company operations running smoothly and judicially making the most of...
Overcoming Construction Struggles With Predictive Procurement
May 23, 2023 | Blog | Sourcing Education
In years past, the construction industry lagged behind the pack when it came to predictive procurement and digital transformation. After all, procurement in construction faces many unique challenges and requirements, making it a historically difficult industry to...
Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement
Apr 25, 2023 | Blog | Sourcing Education
Construction companies face a host of challenges in the post-COVID era. The workforce shortage reached half a million this year, and many sectors continue to grapple with increased lead times, and volatile material costs. In fact, 71% of all companies said the cost of...
Choosing the Best Tiered Automotive Suppliers with Predictive Procurement Orchestration
Apr 11, 2023 | Blog | Sourcing Education
Procurement is a critical part of any business, especially in the automotive industry. With ever-changing customer demands and supply chain disruptions, the last thing you need is a complex sourcing strategy that can lead to engaging the wrong suppliers. Auto...
3 Ways Arkestro Can Assist With Your Automotive Sourcing Strategy
Mar 13, 2023 | Blog | Sourcing Education
Automotive sourcing is complicated, and few supply chains are as complex. Manufacturing is a global endeavor, with assembly plants located across the world – many of which work on a “just-in-time” basis. New vehicles contain thousands of parts, ranging from tiny...
Autonomous Sourcing Leads to Better Procurement Outcomes
Sep 19, 2023 | Blog | Sourcing Education
The only ubiquitous thing about sourcing and procurement in 2023 is that there is no one-size-fits-all model for success. While certain industries continue to work around rising prices and supply disruptions, others are trying to take advantage of downward price...
The Power of Predictive Procurement Orchestration for Food & Beverage Supply Chain
Aug 22, 2023 | Blog | Sourcing Education
Food and beverage procurement professionals have had their work cut out for them during the last few years. From keeping food on the table during a global pandemic to maintaining adequate inventory during the war in Ukraine, the sector has become well versed in...
Leveraging Procurement Software for a More Resilient Oil & Gas Supply Chain
Aug 8, 2023 | Blog | Sourcing Education
Anyone who has filled up at the gas pump over the past few years can testify to the volatility of the oil and gas industry. And though the industry is no stranger to supply chain disruptions, the current landscape presents unique challenges. Economic downturns,...
Driving Cost Savings & Efficiency with Predictive Procurement Orchestration for Automotive
Jul 6, 2023 | Blog | Sourcing Education
The ripple effects of the COVID-19 pandemic are still rearing their ugly head in the automotive industry. Plant shutdowns, production disruptions, supply shortages, and demand surges wreaked havoc on the automotive world in 2020. And unfortunately, many of those same...
What Does Finance Think of Procurement?
Jun 6, 2023 | Blog | Sourcing Education
Procurement and finance are two sides of the same coin. On the one side, finance is concerned with keeping the company budget in the black. On the other side, procurement is concerned with keeping company operations running smoothly and judicially making the most of...
Overcoming Construction Struggles With Predictive Procurement
May 23, 2023 | Blog | Sourcing Education
In years past, the construction industry lagged behind the pack when it came to predictive procurement and digital transformation. After all, procurement in construction faces many unique challenges and requirements, making it a historically difficult industry to...
Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement
Apr 25, 2023 | Blog | Sourcing Education
Construction companies face a host of challenges in the post-COVID era. The workforce shortage reached half a million this year, and many sectors continue to grapple with increased lead times, and volatile material costs. In fact, 71% of all companies said the cost of...
Choosing the Best Tiered Automotive Suppliers with Predictive Procurement Orchestration
Apr 11, 2023 | Blog | Sourcing Education
Procurement is a critical part of any business, especially in the automotive industry. With ever-changing customer demands and supply chain disruptions, the last thing you need is a complex sourcing strategy that can lead to engaging the wrong suppliers. Auto...
3 Ways Arkestro Can Assist With Your Automotive Sourcing Strategy
Mar 13, 2023 | Blog | Sourcing Education
Automotive sourcing is complicated, and few supply chains are as complex. Manufacturing is a global endeavor, with assembly plants located across the world – many of which work on a “just-in-time” basis. New vehicles contain thousands of parts, ranging from tiny...