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Following months of debate based on extensive knowledge of the many procurement technologies they have demoed, analyzed and benchmarked, they arrive at a list of five young providers that they believe are innovative and exciting, have a rapidly rising presence in the market, can grow sustainably and which every CPO should have on their radar.
Below is a ranking from highest to lowest focus on procurement and supplychain practices, as of April 4, 2025, based on their stated missions, agendas, and historical emphasis. While supplychain is addressed, its secondary to procurement excellence, making it a top pick for procurement specialists seeking practical tools.
Following months of debate based on extensive knowledge of the many procurement technologies they have demoed, analyzed and benchmarked, they arrive at a list of five young providers that they believe are innovative and exciting, have a rapidly rising presence in the market, can grow sustainably and which every CPO should have on their radar.
8 Keelvar 2012 Founded in 2012, a decade of experience in sourcingoptimization. 9 Lytica 2015 Established in 2015, a newer player in supplychain analytics. 7 Keelvar ~100 employees Smaller, private firm focused on sourcing automation, growing but not at scale of leaders.
One of the early objectives of Procurement was to optimize tail supplier management. As with any industry, the most innovative companies are those who break new ground — and one way they do that is to define new ways of managing procurement that enable efficiencies, optimize spend, and reduce risk. “In
Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Preparing Your AP Department For The Future", to learn: How to transition from paper and excel to eInvoicing. Simpler Logistics and SupplyChain Management With operations overseas, you run the risk of becoming too reliant on global supplychains.
As globalization extends supplychains around the world, the likelihood of negative impacts stemming from supplychain disruption increases. Supplychain disruptions are an inevitability for any supplychain, though the severity of the impacts can vary. Types of SupplyChain Disruptions.
Having been heavily involved with this cycle’s SolutionMap, the Spend Matters analyst team noted: “In parallel with the rapid rise in economic- and geopolitical-related risk in 2023, the procurement technology market has accelerated its pace of innovation to keep up with customers’ needs. .”
Our coverage also explores the latest thought leadership topics about procurement and supply, the technology that serves it and comparative analyses based on demos and the scoring of 500+ RFI requirements across 12 source-to-pay (S2P) categories that create our Vendor Ranking data.
Press Releases / Spend Matters Lists Arkestro as Top Sourcing Tech Solution in the Fall 2024 SolutionMap Insider Release Spend Matters Lists Arkestro as Top Sourcing Tech Solution in the Fall 2024 SolutionMap Insider Release Arkestro Predictive Procurement Orchestration AI platform is one of 93 procurement technology vendors recognized.
Press Releases / Spend Matters Lists Arkestro as Top Sourcing Tech Solution in the Fall 2024 SolutionMap Insider Release Spend Matters Lists Arkestro as Top Sourcing Tech Solution in the Fall 2024 SolutionMap Insider Release Arkestro Predictive Procurement Orchestration AI platform is one of 93 procurement technology vendors recognized.
Resources / Blog / Cars on Demand: Production to Order is Changing the Automotive Industry’s SupplyChain Cars on Demand: Production to Order is Changing the Automotive Industry’s SupplyChain The automotive industry has always been at the forefront of implementing innovative production methods to meet consumer demands efficiently.
Our coverage also explores the latest thought leadership topics about procurement and supply, the technology that serves it and comparative analyses based on demos and the scoring of 500+ RFI requirements across 12 source-to-pay (S2P) categories that create our Vendor Ranking data.
These disruptions have exposed the fragility of global supplychains. Unique obstacles have caused many companies to re-evaluate their sourcing strategies. A shift toward regionalized supplychains and diverse suppliers may be the key to resilience. Other challenges reflect problems throughout the supplychain.
It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. Value-add : Procurement aims to add value by optimizing processes, consolidating spend, and building supplier relationships. What is Procurement?
This software, and the insights it provides, can help providers predict demand patterns, identify potential issues and optimize the distribution network. Phasor measurement units (PMUs) monitor electrical waves on the electricity grid using a common time source for synchronization.
Automotive sourcing is complicated, and few supplychains are as complex. Automotive parts shortages add to the layers of complexity in your automotive sourcing strategy. Sourcing Scenario Picture this, you are on an automotive sourcing team (or maybe you don’t have to imagine because you already are!),
Resources / Blog / 3 Ways Arkestro Can Assist With Your Automotive Sourcing Strategy 3 Ways Arkestro Can Assist With Your Automotive Sourcing Strategy Automotive sourcing is complicated, and few supplychains are as complex. A collection of spreadsheets is not going to cut it for your automotive sourcing strategy.
What is a supplychain strategy? A supplychain strategy explains how a company will bring goods into the business and get them out to customers as effectively as possible. Supplychain strategies have come into the spotlight as volatile demand and complicated global markets have made supplychains more complex.
Our coverage also explores the latest thought leadership topics about procurement and supply, the technology that serves it and comparative analyses based on demos and the scoring of 500+ RFI requirements across 12 source-to-pay (S2P) categories that create our Vendor Ranking data. Read part 1 here , part 2 here and part 3 here.
There are enterprise resource planning (ERP) systems, which are complex systems designed to help companies manage all ends of the supplychain. By providing real-time insights, it helps businesses identify unnecessary spending and make informed decisions to optimize budgets.
Resources / Blog / Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement Construction companies face a host of challenges in the post-COVID era. from February 2020 to August 2022.
EDITOR’S NOTE: Here is a comment regarding yesterday’s post asking why companies aren’t giving demos. Many providers are reluctant to give demos despite multiple requests. If you haven’t already, read that post before reading today’s post. “I love the Jon W. Hansen takes!
Book a Live Demo. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. ESG In SupplyChain: Creating a Sustainable Value Chain. Cristian Maradiaga.
Supplychain managers and inventory management professionals face a constant barrage of supplychain crises, with one always waiting around the corner. With every crisis comes the potential for supplychain disruption that can cause chaos for stock-holding businesses. Global supplychains.
The multiple (and sometimes surprising) advantages of renewable energy The advantages of renewable energy power sources are wide-ranging, and some are more obvious than others. Inexhaustible supply One of the main benefits of renewable energy sources like the sun, wind and water is that they will never run out.
Why buy an SxM with Enhanced Risk solution Despite that there is no single ‘supply risk management’ solution market (i.e., Supplier information management The ability to manage (collect, enrich, validate) supplier-related information to make it a source of truth that informs other processes and solutions.
Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Preparing Your AP Department For The Future", to learn: How to transition from paper and excel to eInvoicing. When implemented correctly, a mid-sized school district might save 15 to 25% on annual supplies, allowing them to redirect the funds to educational programs.
Subscribe to SupplyChain Game Changer. Interested in finding a dependable source of warm and high-quality leads to fuel your sales pipeline? Interested in finding a dependable source of warm and high-quality leads to fuel your sales pipeline? The post Lead Generation for SupplyChain: 5 Ways to Get Prospects!
Resources / Blog / The Power of Predictive Procurement Orchestration for Food & Beverage SupplyChain The Power of Predictive Procurement Orchestration for Food & Beverage SupplyChain Food and beverage procurement professionals have had their work cut out for them during the last few years.
In this article, we’ll highlight three reasons shippers struggle to manage their allocation and how harmonized contract performance and forecasting can enable optimized allocation. Yes, each carrier may offer some notifications and event milestones, but without a single source of truth for managing those events, their value also declines.
IBM and AWS partnership focuses on delivering solutions in areas like: Supplychainoptimization with AI-infused Planning Analytics IBM Planning Analytics on AWS offers a powerful platform for supplychainoptimization, blending IBM’s analytics expertise with AWS’s cloud capabilities.
With another busy year of procurement and supplychain events tidily packed away behind us, Spend Matters is pleased to provide a round-up of the main events we attended in 2023, with a short recap of each and key takeaways. He then went on to discuss the huge impact of tech on the supplychain industry.
This included centralized invoice receipt, digitization of all transactions, and the optimization of a single Invoice to Pay journey across the whole organization. To learn more about Invoice to Pay from Ivalua ask for a no obligation demo today ask for a demo. Invoice-to-Pay from Ivalua.
Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Preparing Your AP Department For The Future", to learn: How to transition from paper and excel to eInvoicing. Schools thrive when predictable and reliable supplychains foster a stable learning environment. Download PDF Whats your goal today?
Integrated planning incorporates supplychain planning, demand planning, and demand forecasts so the company can quickly assess the impact on inventory levels, supplychain logistics, production plans, and customer service capacity.
Supplier information management The ability to manage (collect, enrich, validate) supplier-related information to make it a source of truth that is fed to other processes and solutions that need it. They can collect and verify more information by being connected to a large number of third-party sources, e.g., governmental institutions.
Then look at Sprint , where the handset division came up with the idea to effectively create their own marketplace for used handsets, configuring their sourcing product to run mass volumes of global forward auctions on used handsets to optimize the price received, generating over $1B in revenue in 2018. The Importance of Ambition.
Automotive Accelerate your auto supplychain 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.
In IDC’s 2022 Global SupplyChain Survey , they identified that “lack of visibility and resiliency to see necessary changes in time to react effectively” was the most problematic and unaddressed deficiency in modern supplychain management and inventory optimization.
from sourcing events), the ability to use external content as part of its catalogs (e.g., PO orchestration The ability to optimize ordering efficiency while supporting category needs and remaining compliant with budgets, contracts and accounting. Top performing vendors have more options to create catalogs (e.g.,
This blog takes you on a journey into the world of Uber’s analytics and the critical role that Presto, the open source SQL query engine, plays in driving their success. To power this mammoth analytical undertaking, Uber chose the open source Presto distributed query engine. But the simplicity ends there. What is Presto?
A modern log management platform, optimized for security and compliance use cases, can be vital to modernizing security operations, improving security readiness and reducing risk in a more cost-effective way. See some common sources in the screenshot below. You get near real-time visibility and insights from your ingested data.
For example, events that describe changes in demand can help make better business decisions on inventory optimization. By processing multiple streams of events from different data sources, users can define and detect both simple and complex business scenarios.
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