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 the price of a single contract. Strategic sourcing means tracking relations with suppliers and optimizing an […]

3 Simple Strategies for Better Strategic Sourcing Post-2020

The past year has been a rollercoaster. The disruption that the pandemic has brought strategic sourcing has forced organizations to pivot and readjust. Procurement has been under immense pressure to evolve past these supply chain difficulties just for survival. But moving forward into 2021 and beyond, organizations not only want to survive, but they also […]

How Strategic Sourcing Can Help the CPG Industry

The typical person may not know offhand what CPGs are (consumer packaged goods), but you can bet they interact with them every day. The CPG industry produces everyday items. These are the products you find in grocery stores, big-box stores, hardware stores, and convenience stores. People increasingly buy them online. The CPG industry creates the […]

How Strategic Sourcing Reduces Spend in the Food and Beverage Industry

The food and beverage industry is a massive one, especially in North America. According to the United States Department of Agriculture (USDA), in 2019, U.S. consumers, businesses, and government agencies spent $1.77 trillion on food and beverages in grocery stores and other retailers. Generally speaking, food and beverage prices remain fairly stable, increasing just 2.3% […]

How to Select the Right Strategic Sourcing Software For Your Needs

You’re a procurement professional. The company or organization you work for has tasked you to choose a strategic sourcing software that supports this new way of doing things. First of all, congratulations! The shift from reactionary sourcing to strategic sourcing is a huge one. There’s work involved—including picking out the right sourcing software for your […]

Have You Made Your Material Sourcing Plan?

Many companies are content with employing a reactive sourcing strategy. When material sourcing, their procurement team responds to requirements from the business side of the operation as they arise. That’s fine—sourcing professionals have the expertise to deal with this common scenario—but is it the best way to be doing things? That is debatable.  Actually, it’s […]

4 Major Types of Sourcing Strategies in the Construction Industry

The construction industry encompasses many unique challenges, particularly in sourcing materials for their complex projects. From building a single custom home to being responsible for an extensive housing development or a towering skyscraper, much of the success (and the profitability) of a construction project rests on the shoulders of the team responsible for sourcing the […]

3 Ways Arkestro Can Assist Your Automotive Sourcing Strategy

Automotive sourcing strategy is complicated, and few supply chains are as complex. Auto manufacturing embodies globalization, with assembly plants located across the world and many of them working on a just-in-time basis.  According to Toyota, the average new vehicle contains over 30,000 parts, ranging from tiny screws to highly sophisticated computer chips. Producing those thousands […]

SSON Presents a Startup to Watch: Arkestro

  This month, the Arkestro team was fortunate enough to attend SSON, the World’s Largest Shared Service and Outsourcing Network. During a competition where startups showcased critical new tools and services that Shared Services and Outsourcing Executive must be aware of, the contenders offered solutions and services where AI, automation, user experience, and agility were […]