Pioneering Procurement: How Arkestro’s Patents Are Reshaping the Industry

In the dynamic realm of procurement, leveraging cutting-edge technology and innovative methodologies isn’t just advantageous—it’s essential. At Arkestro, we’re not merely tracking industry trends; we’re creating them. 

Ben Leiken, Arkestro’s Chief Technology Officer, encapsulates our mission with clarity: “We are constantly innovating here at Arkestro. The granting of these patents further demonstrates the value of the ideas and concepts we are creating here.” These aren’t mere words; they’re a compass directing us towards uncharted territories of innovation.

Arkestro’s patented technology is more than just pioneering—it’s profoundly practical. Here are some tangible successes our customers have enjoyed:

• Substantial Savings: Our clients saw savings of 16% within the first 60 days of implementing our technology.
• Operational Efficacy: Users can run three times as many events, tripling their market influence and prowess.
• Resource Maximization: Arkestro allows customers to address more spend without additional resources, scaling their capabilities without scaling their budget.

From our first patent in 2019 to our more recent, currently patent-pending inventions, we are pushing the boundaries of what’s possible, and here’s how they’re ushering in a new era of efficiency and strategic procurement for professionals like you.

This diagram from our Electronic Third-party Negotiation Automation System and Tool, demonstrates several phases of the cost estimation round.

Electronic Third-party Negotiation Automation System and Tool

US Patent: US20190244268A1
Status: Pending

A negotiation process that’s automated yet remains sensitive to human insights is no longer wishful thinking. This patent outlines an approach for constructing a system that uses various data sources to help sellers generate optimized cost estimates, reducing inaccuracies and the extensive resources usually required to handle large bid volumes.

• Data-Driven Estimations: Utilizing comprehensive data to provide accurate cost estimates.
• Seller Autonomy: The system offers flexibility for sellers to modify or accept generated estimations.
• Optimized Processing: Streamlining the negotiation rounds for efficiency.

Generation and Real-time Ranking of Customized Quotes

US Patent: US20230289873A1
Status: Pending

Imagine a competitive event environment where sellers are dynamically ranked based on real-time data rather than static, possibly biased information. That’s precisely what our trailblazing platform offers. This approach doesn’t just keep system resources lean—it revolutionizes the way sellers respond to procurement requests, ensuring that both sides of the transaction experience the pinnacle of modern efficiency and transparency.

• Dynamic Seller Interaction: This system allows for real-time modifications, keeping the competitive environment agile.
• Reduced System Burden: By focusing only on necessary data points, we ensure an optimized experience.
• Improved Accuracy: Live adjustments lead to more precise seller quote rankings.

This diagram from our Electronic Third-party Negotiation Automation System and Tool, demonstrates the components and information required to calculate a competitive offer.

Omnichannel Procurement Orchestration System for Generating Personalized Recommendations

US Patent: US11915300B1
Status: Active

For procurement to be genuinely effective, recommendations need to be just as personalized as any consumer shopping experience. That’s where this patented approach to constructing an omnichannel procurement orchestration system comes in, delivering tailored suggestions for an optimal procurement strategy.

• Personalization at Scale: Customized recommendations that cater to specific procurement needs.
• Seamless Integration: A unified system that intuitively adapts across multiple channels.

Real-world Impact: Arkestro’s Patent-Powered Success Stories

Our dedication to pushing the envelope in procurement technology goes beyond securing patents. It’s about fostering an environment where your expertise as a procurement professional is amplified by tools that empower, insights that enlighten, and innovation that inspires.

Edmund Zagorin, Arkestro’s Founder and Chief Strategy Officer, comments: “Patenting our technology is not just a safeguard for our innovations; it’s a testament to our commitment to fundamentally transform how procurement operates. By securing our inventions, we ensure Arkestro remains at the forefront of this transformation, leading the charge in deploying cutting-edge solutions. 

Our patented systems reflect our vision for a procurement industry where efficiency, strategic insight, and innovation are not just ideals, but everyday realities for our users. With these patents, Arkestro is not just changing the game; we’re setting an entirely new standard for excellence.”

Ready to join the new era of procurement? Contact us and let us help you get started! 

Stay tuned for more updates on our patent journey, and reach out to discover how our groundbreaking technology can be the keystone of your procurement strategy.