Remove Demo Remove Supplier negotiation Remove Supply Chain Optimization
article thumbnail

AI Revolution in Oil and Gas Procurement: Streamlining Operations for Success

Arkestro

Then we’ll discuss how AI and other innovative technologies are removing current complexities, allowing oil and gas companies to reduce costs, optimize supply chains, and make data-driven decisions. This helps procurement teams make informed decisions and negotiate better contracts, potentially saving significant costs.

article thumbnail

Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

Value-add : Procurement aims to add value by optimizing processes, consolidating spend, and building supplier relationships. Metrics : Procurement tracks savings, efficiencies, supplier performance, and risk. Mitigates risk by selecting reliable suppliers, managing supplier relationships, and ensuring continuity of supply.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Best Procurement Software for Small and Medium-Sized Businesses (SMBs)

TYA Suite

For small and medium-sized businesses (SMBs), optimizing procurement processes is essential for maintaining a competitive edge and ensuring operational efficiency. It helps businesses streamline their purchasing activities, improve supplier relationships, and gain better control over spending.

article thumbnail

Spend Analysis Dashboards: Visualizing Your Procurement Data

Empowering CPO

In the labyrinth of suppliers, contracts, transactions, and compliance requirements, data serves as the guiding light, illuminating the path to optimized procurement strategies. From selecting suppliers, negotiating contracts, monitoring supplier performance, to identifying cost-saving opportunities, data underpins all these aspects.

Data 52
article thumbnail

5 Reasons You Need to Attend Optimal ’22 Las Vegas

Arkestro

Last Spring, Arkestro, the leading Predictive Procurement Orchestration platform, held Optimal: The Leadership Summit for Predictive Procurement. The conference included presentations, workshops, keynotes, demos, and networking among hundreds of thought leaders and practitioners. . Why You Should Attend an Optimal Conference.