Spend Matters

DECEMBER 21, 2023

In 2024, as AI capabilities advance further, AI tools will automate more tasks, provide deeper analytics-driven recommendations and gain robust prediction capabilities that weren’t considered possible before. Today, for procurement organizations too, applying an AI-first approach has become imperative, especially in the source-to-pay process.

Procurement solutions 84

Procurement solutions Procurement e2e Real-time Visibility 84

IBM Supply Chain Blog

APRIL 22, 2024

Energy transition and climate resilience Applying AI and IoT to accelerate the transition to sustainable energy sources There is a clear need (link resides ibm.com) to accelerate the transition to low-carbon energy sources and transform infrastructures to build more climate-resilient organizations.

Sustainability 85

Sustainability Data Sourcing Strategy 85

Arkestro

FEBRUARY 20, 2024

Resources / Blog / From Reactive to Proactive: How Predictive Procurement Reshapes the Industry From Reactive to Proactive: How Predictive Procurement Reshapes the Industry The procurement workload is expected to increase by 10.6% How does Predictive Procurement Orchestration Work?

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Procurement Supply Chain Efficiency 52

ivalua

JANUARY 31, 2022

Last week, Ivalua partnered with Ardent Partners to discuss Procurement 2022: Big Trends and Predictions. . Procurement 2022: Big Trends and Predictions. #1. 2022 will be a breakthrough year for data as companies start implementing tools like predictive A.I. View Webinar Replay. Impact from Covid-19 will be massive.

Procurement 130

Procurement supply chain budgeting Agile and Lean Supply Chain supply chain software solutions 130

IBM Supply Chain Blog

MARCH 15, 2024

A large US-based healthcare company recently engaged with IBM® to accelerate their cloud adoption with consistent and predictable outcomes. IBM Consulting Cloud Accelerator integrates and orchestrates a wide range of migration tools across IBM’s assets and products, as well as open source, and third-party tools.

Collaboration 100

Collaboration Quality Innovation Risk 100

Arkestro

APRIL 2, 2024

Resources / Analyst Reports / Procurement 2024: BIG Trends and Predictions Procurement 2024: BIG Trends and Predictions Download Now Let's Talk By the end of 2024, new AI innovations will begin to significantly change all facets of supply management technology. After years of focusing on cost.

Chief Procurement Officer 52

Chief Procurement Officer Procurement Procurement team Buyers 52

Procurement Tactics

JUNE 6, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Inventory Forecasting — Everything You Should Know Inventory forecasting allows you to predict when supply chains and consumer demand are going to change. However, what is it? What is Inventory Forecasting?

Inventory 170

Inventory Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 170

Arkestro

JANUARY 9, 2024

Webinars / Introduction to Arkestro’s Predictive Procurement Orchestration Introduction to Arkestro’s Predictive Procurement Orchestration Derek Mellott Arkestro Solution Consultant Summary: In these overview videos, you’ll learn about the innovative features of Arkestro’s Predictive Procurement Orchestration platform.

Competitive bidding 52

Competitive bidding Procurement Supplier negotiation Bidding 52

Arkestro

APRIL 23, 2024

Resources / Blog / Embracing AI and Predictive Procurement to Overcome Industry Challenges Embracing AI and Predictive Procurement to Overcome Industry Challenges Today’s procurement teams are faced with a host of challenges: Managing more spend with fewer headcount. Enhancing supplier performance.

Procurement 52

Procurement Procurement team Quality Demand Planning 52

Procurement Tactics

MARCH 20, 2023

And is there a way to predict the price of Brent crude oil? At this time, most oil sources are near depletion, and extracting oil is costly. Most countries as well have shifted to natural gas and renewable energy sources. What is the future price of Brent crude oil? But why is that? Why are Brent crude oil prices fluctuating?

Price 200

Price Export Demand Influencing 200

World of Procurement blog

APRIL 24, 2024

The repercussions are multifold: increased costs, compromised quality, elongated timelines, and missed opportunities for innovation and sustainable sourcing. This technology captures the "intent" behind procurement needs upfront by using intelligent tools to analyze and predict buying needs before they become formal requisitions.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Risk management 52

Arkestro

OCTOBER 5, 2023

Oil and Gas Simplify, Optimize, Automate: Arkestro’s Approach to Oil and Gas Get in touch Our solutions Fueling the Future: Arkestro’s Predictive Procurement Drills Down on Efficiency in the Oil & Gas Industry Predictive Procurement Orchestration is ready to revolutionize the oil and gas industry! Let’s talk.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency supply chain software solutions Influencing 52

SCMDOJO

APRIL 9, 2024

Being able to know or even predict delays or disruptions helps managers take quick action to avoid losses. Data Integration and Logistics Efficiency Consolidating data from various sources and formats provides a full-picture view of logistics, giving managers all the information they need to make decisions.

Logistics 76

Logistics Data Supply Chain Efficiency Route optimization 76

Procurement Tactics

JUNE 6, 2023

Additionally, the ASEAN Development Bank website predicted Indonesia’s economy to grow by 4.8% The ASEAN Briefing website predicted the top emerging Indonesian export industries in 2023: Downstream Mining Nickel Coal Infrastructure Healthcare and Pharmaceuticals Tourism 6. in 2023 and 5.0% Singapore = $18.4B Japan = $13.2B

Export 204

Export Import Sustainability Negotiation 204

Arkestro

DECEMBER 5, 2022

Unique obstacles have caused many companies to re-evaluate their sourcing strategies. And how can predictive procurement bring solutions to the industry’s biggest obstacles? This is where predictive procurement comes in. How Predictive Procurement Helps Teams Prepare for the Challenges of 2023. How can PPO help?

Raw materials 98

Raw materials Procurement Agile and Lean Supply Chain Supply Chain Optimization 98

Procurement Tactics

JUNE 19, 2023

AI systems are able to learn, recognize patterns, and make predictions by analyzing data with the use of algorithms and statistical models. AI helps companies to make accurate predictions and improve their performance by leveraging data analysis, and predictive capabilities. How can AI help in logistics operations?

Logistics 193

Logistics supply chain budgeting supply chain software solutions Real-time Visibility 193

IBM Supply Chain Blog

FEBRUARY 20, 2024

In an era of accelerating climate change , predicting the near-future can yield major benefits. When farmers in drought-prone regions are able to predict which crops are susceptible to failure , they can deploy additional irrigation. degrees Celsius (2.66 degrees Fahrenheit) warmer than 19th century pre-industrial levels.

Risk 122

Risk Sustainability Strategy Data 122

Supply Chain Brain

APRIL 17, 2022

The amount of real-time data from multiple sources needed to optimize operations and move product quickly requires advanced, artificial intelligence–enabled technology. Enter predictive analytics. .

Sourcing 109

Sourcing Data 109

Arkestro

MAY 18, 2023

Resources / Webinars / Four Ways Predictive Procurement Orchestration Can Transform Your Organization Four Ways Predictive Procurement Orchestration Can Transform Your Organization Shannon Kreps VP, Marketing at Arkestro Andrew Bartolini Founder & Chief Research Officer at Ardent Partners Summary: Andrew Bartolini, Founder & Chief Research (..)

Procurement 52

Procurement supply chain software solutions Procurement team Influencing 52

IBM Supply Chain Blog

NOVEMBER 29, 2023

Furthermore, AI algorithms’ capacity for recognizing patterns—by learning from your company’s unique historical data—can empower businesses to predict new trends and spot anomalies sooner and with low latency. Stream analytics can be used to help improve the speed and accuracy of models’ predictions.

Data interpretation 92

Data interpretation Data Sourcing Import 92

Arkestro

OCTOBER 5, 2023

Multiple construction and engineering companies leverage Arkestro’s Predictive Procurement technology to execute faster procurement on better terms. Arkestro streamlines processes, reduces lead times and costs, and enhances communication and collaboration.

Bidding 52

Bidding Quality Sustainability Collaboration 52

Empowering CPO

FEBRUARY 23, 2024

Introduction In the dynamic world of procurement, artificial intelligence (AI) is rapidly reshaping the sourcing landscape. The AI Advantage Predictive Insights: AI algorithms analyze historical data to predict demand patterns, market trends, and supplier performance.

Procurement 52

Procurement Ethics Agile and Lean Supply Chain Supply Chain Optimization 52

Arkestro

OCTOBER 30, 2023

Ross School of Business LinkedIn Mike Betts Predictive Procurement Orchestration Solution Advisor, Arkestro LinkedIn Paul Cloutier Enterprise Sales & Business Development, Western Region, Arkestro LinkedIn Grant Waller Account Executive, Arkestro LinkedIn Additional Resources 3 Ways Arkestro Can Assist With Your Automotive Sourcing Strategy Read (..)

Innovation 52

Innovation Supply chain Strategy Quality 52

Procurement Tactics

MARCH 16, 2023

And is there a way to predict the price of an egg? Eggs come from a variety of sources: Commercial Egg Farms are the largest source of eggs in the US. Which variables impact the price of an egg? Where does egg come from? When is the egg season? Egg Prices Explained As you can see egg prices are fluctuating. But why is that?

Price 229

Price Export Consumer demands Demand 229

Arkestro

APRIL 18, 2023

This report discusses the lost opportunities that many procurement teams have faced over the last two decades and the straightforward solutions that software such as Arkestro’s Predictive Procurement Orchestration can provide to transform procurement. The post Predictive Procurement Orchestration appeared first on Arkestro.

Chief Procurement Officer 52

Chief Procurement Officer Procurement Procurement team Sourcing 52

Arkestro

FEBRUARY 6, 2024

Resources / Blog / How Predictive Procurement Orchestration Helps Unlock Savings in 60 Days How Predictive Procurement Orchestration Helps Unlock Savings in 60 Days What if you could implement a procurement platform that was so easy to use, your team could be up and running after just one hour of training? The results were immediate.

Competitive bidding 52

Competitive bidding Procurement Real-time Visibility Supply Chain Efficiency 52

Procurement Tactics

MAY 14, 2023

Martina Galeano, an oenologist at Bodegas Casarena predicted that the increasing heat due to climate change will have negative effects on Argentina’s wine import capacity as 50% of its vineyards rely heavily on irrigation. The World Bank predicted that by 2030, Argentina’s lithium exports can cover 20% of the world’s demand.

Export 203

Export Import Negotiation Sustainability 203

Arkestro

SEPTEMBER 19, 2023

Resources / Blog / Autonomous Sourcing Leads to Better Procurement Outcomes Autonomous Sourcing Leads to Better Procurement Outcomes The only ubiquitous thing about sourcing and procurement in 2023 is that there is no one-size-fits-all model for success. However, with great challenges also come great opportunities.

Sourcing 52

Sourcing supply chain budgeting Procurement Bidding 52

Arkestro

JANUARY 18, 2023

Predictive procurement is the key to securing raw materials at the right price and time. We explore how predictive procurement in chemical manufacturing will be strategic as we move into 2023. Predictive Procurement: A Strategic Shift for Chemical Manufacturing With predictive procurement, teams can predict outcomes with confidence.

Raw materials 94

Raw materials Procurement supply chain budgeting Supply Chain Efficiency 94

Arkestro

SEPTEMBER 7, 2023

Automotive Accelerate your auto supply chain efficiency with Arkestro Get in touch Our solutions Rev up your procurement impact with PPO Predictive Procurement Orchestration (PPO) is transforming the way automotive companies find the right supplier, at the right price, at the right time.

Bidding 52

Bidding Supply Chain Optimization Supply Chain Efficiency Price 52

ivalua

JULY 7, 2021

Predicting demand and sourcing became difficult as the world’s markets were disrupted and buying patterns changed overnight. . COVID-19 had an almost immediate impact on supply chains, as factories closed down and transport was restricted and organizations tried to pivot to remote work.

Supply chain resilience 130

Supply chain resilience Supply Chain Efficiency Supply chain Supply Chain Analytics 130

Arkestro

SEPTEMBER 29, 2023

By 2026, the procurement analytics market is predicted to grow at a compound annual growth rate (CAGR) of nearly 20% , equating to $8.36 Systems use this data to automate routine procurement tasks and make informed decisions about sourcing, pricing, and supplier relationships. billion in the U.S. What is autonomous procurement?

Supply Chain Efficiency 52

Supply Chain Efficiency Innovation Procurement Supply Chain Optimization 52

Procurement Tactics

FEBRUARY 19, 2023

The most basic training of language models involves the prediction of the sequencing of words. Commonly, it is observed as either next-token-prediction or masked-language modeling. Sourcing suppliers ChatGPT can help procurement professionals to identify potential suppliers by analyzing supplier data.

Procurement 287

Procurement Market analysis Contract Suppliers 287

Arkestro

JULY 6, 2023

Resources / Blog / Driving Cost Savings & Efficiency with Predictive Procurement Orchestration for Automotive Driving Cost Savings & Efficiency with Predictive Procurement Orchestration for Automotive The ripple effects of the COVID-19 pandemic are still rearing their ugly head in the automotive industry.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Procurement 52

IBM Supply Chain Blog

JANUARY 25, 2024

The math demonstrates a powerful truth All predictive models, including AI, are more accurate when they incorporate diverse human intelligence and experience. Consider the diversity prediction theorem. So, it’s not just volume, but diversity that improves predictions. This is not an opinion; it has empirical validity.

Import 91

Import Ethics Risk Data 91

IBM Supply Chain Blog

FEBRUARY 19, 2024

Why supply chain management matters Supply chain management involves coordinating and managing all the activities involved in sourcing , procurement, conversion and logistics. A supply chain control tower can connect many sources of data-driven information and improve end-to-end visibility.

supply chain software solutions 88

supply chain software solutions Supply chain management Supply chain management Supply Chain Efficiency 88

ivalua

DECEMBER 21, 2021

Redwood, CA, 20th December 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced that Canada’s largest co-operative, Federated Co-operatives Limited (FCL), has gone live with its source-to-contract solution which includes a seamless integration to TealBook, the leading supplier data foundation.

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Contract Sourcing Suppliers Data 130