Arkestro
UnclaimedThe AI-powered platform transforming procurement with predictive intelligence for faster decisions and bigger savings.
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TL;DR - Arkestro
- AI-powered platform for predictive procurement.
- Achieves significant cost savings and faster negotiation cycles.
- Optimizes supplier selection and automates procurement workflows.
Pricing: Paid only
Best for: Enterprises & pros
Pros & Cons
Pros
- Achieves average 18.8% savings on every $1M of spend.
- Reduces negotiation cycle times by 60%.
- Increases spend influence by 3x without additional headcount.
- Strengthens supplier relationships and expands supplier bases.
- Provides immediate impact and measurable value within 60 days.
Cons
- Requires integration into existing enterprise systems.
- Specific pricing details are not publicly available.
Key Features
Negotiation Science (AI-driven negotiation strategies, suggested offers, game theory)Supplier Science (AI-powered supplier recommendations, real-time collaboration, dynamic award modeling)Process Science (Automated workflows, predictive error handling, smart baselining)Autonomous negotiation capabilitiesReal-time spend analysis and savings trackingIntegration with existing procurement systemsSupplier risk mitigation through diversificationData-backed decision making for pricing and terms
Pricing Plans
Enterprise
Contact us
- Faster cycles
- Lower costs
- Total spend control
- Set the price using AI
- Average of 18.8% savings on every $1M of spend
- 60% faster cycle times
- 3x spend influence without adding headcount
About Arkestro
By Toolradar Team·
Arkestro is a Predictive Procurement Platform designed for enterprise-level organizations. It leverages patented AI technology, built on three core sciences—Negotiation, Supplier, and Process Science—to revolutionize how procurement teams operate. The platform enables businesses to move from reactive purchasing cycles to continuous, AI-supported execution, driving significant cost savings, accelerating negotiation times, and enhancing supplier relationships.
This platform is ideal for large enterprises seeking to optimize their procurement processes, gain total spend control, and achieve substantial savings without increasing headcount. It empowers procurement leaders to make data-backed decisions, proactively set pricing, and manage a broader scope of spend. By automating workflows and providing intelligent insights, Arkestro helps organizations achieve immediate impact, often within 60 days, while mitigating supply chain risks and improving overall efficiency.
The core functionality focuses on enabling faster decisions and bigger wins by predicting supplier responses, optimizing supplier selection, and automating procurement cycles. It integrates seamlessly into existing systems to provide real-time analysis and ensure clean, validated data for confident decision-making.
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Arkestro FAQ
How does Arkestro's 'Negotiation Science' enable buyers to set prices proactively rather than reacting to supplier quotes?
Arkestro's Negotiation Science utilizes AI to analyze historical data, market trends, and supplier behavior. Based on this analysis, it designs optimal negotiation strategies and recommends the ideal price, allowing procurement teams to lead with a data-backed offer before suppliers submit their initial quotes. This approach leverages game theory and behavioral science to predict supplier responses and anchor expectations.
What specific data points does Arkestro's 'Supplier Science' use to recommend the best suppliers and ideal contacts?
The Supplier Science module evaluates supplier capabilities, analyzes pricing patterns, and assesses past performance. It uses this comprehensive data to recommend the most suitable suppliers for a given need and identifies the ideal contacts within those organizations to engage, ensuring precision in supplier selection and engagement.
Can Arkestro's 'Process Science' detect and resolve supplier-side errors before they impact the procurement cycle?
Yes, Arkestro's Process Science includes predictive error handling capabilities. Its AI is designed to detect and resolve potential supplier-side errors proactively, preventing them from becoming problems that could slow down or disrupt the procurement process.
How does Arkestro ensure clean and validated data for real-time analysis, especially when integrating with existing systems?
Arkestro's Process Science features 'Smart Baselining' which establishes cost benchmarks, even for new items. This, combined with seamless integration that automatically syncs data, ensures that the platform operates with clean, validated data, enabling confident, real-time analysis and decision-making.
What kind of results can an enterprise expect to see within the first 60 days of implementing Arkestro?
Enterprises using Arkestro have reported significant impacts within their first 60 days, including an average of 18.8% savings per $1M of spend, 60% faster cycle times, and a 3x increase in spend influence. Specific customer examples include a 34% average savings per event for a US Automotive Manufacturer and $12M in savings for a Global Engineering Solution.
Source: arkestro.com