Introduction to Arkestro’s Predictive Procurement Orchestration

Summary:

In these overview videos, you’ll learn about the innovative features of Arkestro’s Predictive Procurement Orchestration platform. Using a unique blend of behavioral science, game theory, data science, and automation, Arkestro redefines procurement management, tackling challenges such as time constraints, scale, and supplier negotiation. Learn how you can optimize the sourcing process, from generating supplier and price recommendations to facilitating competitive bidding, providing dynamic feedback, and the final awarding process.

3 Key Takeaways:

• How behavioral science and game theory in procurement can manage challenges of time and scale
• The generation of a suggested price per unit for each line item through machine learning, allowing for better negotiations with suppliers
• Ways predictions and suggestions can lead to dramatic cost savings and more efficient procurement processes

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