From the pandemic, supply chain disruptions, inflation and military conflicts – planning has become exceedingly difficult. Today’s Chief Financial Officer (CFO) is the CEO’s most trusted adviser and strategist. Traditionally, a CFO’s responsibilities included reporting the numbers, measuring performance and monitoring process compliance. But, as we move through the 2020s, the future CFO role is much more than the once traditional CFO role.
One of the under-appreciated challenges facing procurement today is low-intent purchasing. It’s not something that immediately sets off alarms because it’s not necessarily obvious, and it’s something that tends to build up over time. Low-intent purchasing is a factor that muddies the waters when trying to make the procurement process as efficient and cost-effective as possible.
A year ago, Arkestro (formerly Bid Ops) held Optimal. The conference was a recognition that procurement software is a strategic driver for modern business and that AI has become a critical tool for supporting organizations that are under pressure to make better decisions, faster. Optimal wasn’t all presentations, workshops, keynotes, demos, and networking among the 1,000+ participants. As part of the conference, Opti Awards were handed out. These were a celebration of stellar achievement and innovation in the procurement industry.
If you’re involved in procurement and procurement strategy, you know Arkestro as the AI-powered, predictive procurement orchestration platform. Arkestro has earned a reputation as a leading solution that will keep its customers ahead of the market in the most challenging times.
As we enter into a new year, Arkestro (formerly Bid Ops)—the pioneer in Predictive Procurement Orchestration platform— has been named as a 2021 Gartner Cool Vendor in Strategic Sourcing Technology.
Many procurement organizations are undertaking projects to modernize their operations. That’s understandable. Several things have proven to be a potent combination:
Food and beverage producers have gone through sweeping changes over the past several decades. Automation has been a big one, but there have also been widespread and dramatic changes in how companies work with suppliers. Consolidation has resulted in fewer, larger plants—for both producers and suppliers.
As your procurement team manages various purchase requests, all kinds of issues may arise.
It’s that time of year. Time to look back at the many challenges the world of procurement faced in 2021. More importantly, it’s time to learn from what took place over the past year and use that information to determine the top procurement and sourcing trends for 2022.
In November of 2021, Spend Matters announced that they added Arkestro (formerly Bid Ops) to the Spend Matters’ Fall 2021 SolutionMap. Spend Matters has named Arkestro a Value Leader for the small, medium, and large businesses categories. This is Arkestro’ first inclusion in the influential procurement industry technology benchmark, which ranks 68 leading solutions across 12 key technology areas. Spend Matters has previously recognized Arkestro as being a “Future 5” solution, a “Provider to Know,” and a “Provider to Watch.”