In this episode of The Procuretech Podcast, host James Meads welcomes back Edmund Zagorin, Founder and Chief Strategy Officer of Arkestro. They discuss the use of predictive models in various areas of procurement and supply chain.
Tune in for an insightful and forward-thinking conversation about the future of procurement and technology.
Predictive procurement orchestration: what is it?
This episode focuses on user-friendly technology in the procurement industry, catering to the expectations of the new generation. The discussion underscores the need for technology that doesn’t alienate suppliers and simplifies the procurement process with a “one-click” approach.
It highlights the power balance between procurement leaders and suppliers, and how fostering positive relationships through efficient processes benefits both parties.
The episode also explores the use of predictive models and their integration into existing procurement systems, offering valuable insights and enhancing decision-making.
Arkestro supports various procurement activities and seamlessly integrates with ERP and other systems, providing real-time insights and automating workflows. It emphasises the value of centralised systems in tracking contract renewals and projects, ultimately streamlining and automating procurement processes for success.
[00:01:09] Introducing Edmund Zagorin of Arkestro
[00:01:27] Predictive models in procurement.
[00:06:17] Clarifying Arkestro’s value.
[00:09:02] An interesting topic.
[00:14:06] Meeting people where they are.
[00:19:48] What’s next for procurement?
[00:23:09] Overturning the old procurement model.
[00:25:57] Are there cool folks in procurement?
And that wraps up another episode of The Procuretech Podcast!
Thanks to Edmund for sharing his insights with us today, and big thanks to you for listening. We’ll be back at the same time next week, so see you there.
If you want to learn more about Edmund Zagorin, Arkestro or Procurement Software, check out the useful links below.