Predictive Use Cases / Predictive Sourcing
Predictive Sourcing
No login, no app, no hassle. Seamless one-click sourcing events in your suppliers inbox, embedded with real-time predictive data.
Our flexible data model works for every category of spend. If you can source it in Excel, you can source it using Arkestro.
Without Arkestro
Supplier quotes are filled with errors from data entry and copy-paste
Checking on the status of a sourcing process requires a slew of pivot tables
New sourcing cycles don’t learn from supplier quotes in previous cycles
Creating rules-based award scenarios for multi-supplier allocation is both tedious and error-prone, resulting in frustration
VS
With Arkestro
Predictive anomaly detection catches and corrects errors before they reach procurement
Role-based access simplifies project management for sourcing events, enabling any stakeholder to get updates
Sourcing events in Arkestro learn from your suppliers behavior to shorten cycles
Simplified email-based workflow provides you any set of award scenarios for any size or complexity of sourcing event
Sourcing is going predictive
Predictive price suggestions
Use our pricing simulator to generate instant suggestions for your suppliers to modify and submit.
Faster quotes means higher savings
Use game theory to consolidate spend with preferred suppliers
Improve supplier engagement with instant feedback for any quote benchmarked against live market data.
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.
Explore more use cases
Predictive Purchasing
Predictive Monitoring
See Arkestro in Action
See the advantages of using our platform for your procurement
Recognized by
See Arkestro in Action
See the advantages of using our platform for your procurement
Recognized by