The Science of Predictive Procurement
The procurement game has changed. Have you?
Arkestro’s Predictive Procurement is powered by the patented technology in our three groundbreaking sciences that help enterprises move first, negotiate faster, and achieve greater savings.
Explore the Sciences Below
Negotiation Science
How It Works:
- Fact-Based Negotiations: AI analyzes your data, market trends, and supplier behavior to design negotiation strategies to align with your goals.
- Suggested Offers: Arkestro’s AI recommends the optimal price, so procurement leads with a data-backed offer before suppliers quote.
- Game Theory & Behavioral Science: Predicts supplier responses, anchors expectations, and neutralizes pricing tactics—securing stronger terms, faster.
The Result
Higher Savings
Average 18.8% on each $1M of spend
Accelerate Negotiations
Confident Decisions
Supplier Science
How It Works:
- Supplier Recommendations: AI evaluates supplier capabilities, pricing patterns, and past performance to recommend the best suppliers and ideal contacts to engage.
- Real-Time Supplier Collaboration: Autonomous feedback and intelligent counteroffers drive negotiations, reducing cycle times, and improving transparency.
- Dynamic Award Modeling: AI-powered simulations balance cost, quality, and risk to drive optimal supplier selection at the line-item level. For thousands of line items.
The Result
Stronger Supplier Relationships
Seamless Engagement
Making it simple for suppliers to respond faster and with higher accuracy.
Lower Risk
Process Science
Manual workflows and supplier errors slow procurement down. Arkestro automates the process, eliminating inefficiencies before they become problems.
How It Works:
- Predictive Error Handling: AI detects and resolves supplier-side errors before procurement reviews them.
- Seamless Integration: Works within existing systems, syncing data automatically—no extra steps required.
- Smart Baselining: AI establishes cost benchmarks, even for new items, enabling instant tracking of savings and cost avoidance.
The Result
Fast
Procurement cycles completed in days, not weeks.
Efficient & Accurate
Fewer errors, less time spent on manual tasks, and more focus on strategic decisions.
Clean Data
Confident, real-time analysis and decision-making with clean, validated data.
“Our goal was to find and leverage a technology platform that could provide us with materially significant and measurable value. Arkestro addresses the common barriers to supply chain and procurement success – ‘time, scale, and insight’ across multiple spend types and categories. The platform has opened up our procurement team resources to act on data science insights and recommendations.”
Mike Downs
CIO, Koch Engineered Solutions
What can Arkestro Predictive Procurement do?
See how our customers are using Arkestro for an immediate impact within their first 60 days.
Average sourcing event time for a US Construction Materials company
Savings on one spot buy event for a Leading Global Automotive Supplier
%
Commodity resins bid savings for a Global Plastics Manufacturer
“A majority of procurement leaders believe that supply management technology, predictive analytics, and data science applied to procurement’s Big Data will have a significant impact on their operations over the next few years.”
ARDENT PARTNERS
Continue your journey
IN THE NEWS
BLOG
WEBINAR
Bloomberg Television: Mitigating the Effects of “Black Swan” Disruptions
An interview with Arkestro's Neil Lustig, and Bloomberg Television.Summary: In this video, Neil Lustig, discusses how automation technology is aiding current supply chain issues. He explains how Arkestro's AI-powered predictive procurement platform helps companies...
Bloomberg Television: Mitigating the Effects of “Black Swan” Disruptions
An interview with Arkestro's Neil Lustig, and Bloomberg Television.Summary: In this video, Neil Lustig, discusses how automation technology is aiding current supply chain issues. He explains how Arkestro's AI-powered predictive procurement platform helps companies...
Want to learn more?
Talk to an expert on how Arkestro can help you negotiate smarter and achieve more in less time, without adding headcount.
Recognized by:
Want to learn more?
Talk to an expert on how Arkestro can help you negotiate smarter and achieve more in less time, without adding headcount.
Recognized by