Predictive Use Cases / Predictive Purchasing

Predictive Purchasing

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From tail spend to your biggest CapEx purchases, Arkestro’s live recommendations deliver value

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Embedded in your PO approvals, Arkestro sends instant recommendations via email that align more spend with preferred supplier relationships

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Our instant recommendations leverage internal and external data and learn from your best purchasing decisions over time

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Without Arkestro

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Purchase requests can take weeks or months for approval – even if they are for regular recurring costs

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It’s often too late to suggest improvements to a Purchase Request by the time it reaches procurement

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Stakeholders are often requesting approval for the exact same item from different suppliers at different prices

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With Arkestro

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By triggering real-time recommendations to stakeholders and suppliers, Arkestro helps drive continuous improvement

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1 in 5 Purchase Requests in Arkestro win improved pricing or terms via instant recommendations

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Suppliers get faster Purchase Orders, stakeholders get faster approvals and Procurement gets faster savings results by influencing more spend

Purchasing is going predictive

Purchase requests that learn from each other

Real-time recommendations embedded within all major ERP and Procure-to-Pay systems including Ariba, Coupa, Zycus, Jaggaer, GEP and others.

INFLUENCE MORE SPEND FASTER

ABS (“Always Be Saving”)

Enable auto-awarding for repetitive Purchase Requests so that approvals for a repeat PR can be applied to more spend and non-conforming PRs can be flagged.

Get notified about market changes during a sourcing event

Award with confidence

Apply business requirements and weighted value criteria to supplier quotes to visualize the Total Cost of Ownership, enabling you to quickly compare award scenarios.