Defining Predictive Procurement
Predictive Procurement is the latest evolution of digital procurement; it represents the true digital transformation of procurement as it leverages technology to do things that were previously impossible. But, how did we get here?
The Digital Era
1996 – 2010
Procurement on the Web. Organizations used the internet to procure goods and services. Paper-based processes transition to electronic workflows.
The Self-Service Era
2010 – 2015
The “Best of Breed” Era
2015 – 2020
The Embedded Intelligence Era*
2020 – Present
Predictive Procurement organizations leverage Arkestro’s behavioral science, game theory and machine learning to predict and win.
Arkestro is the leading Predictive Procurement platform. Built to amplify procurement’s impact.
Arkestro helps enterprises deliver a 2-5x lift on cost savings attributed to everyday purchasing and sourcing cycles.
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