Arkestro (formerly Bid Ops) Overview

Arkestro's Predictive Procurement platform transforms enterprise spend management by leveraging AI, Game Theory, and Predictive Analytics. This solution enhances procurement teams' ability to influence spend and unlock savings. A notable example is its use in navigating tariff impacts, where it provides actionable insights to mitigate financial risks. Enterprises benefit from accelerated decision-making, allowing for strategic procurement that aligns with cost-saving objectives. Arkestro's approach, rooted in predictive analytics, ensures procurement processes are not only efficient but also strategically advantageous in a competitive market landscape. Users experience a significant shift in procurement dynamics, enabling proactive spend optimization.

Use Cases

Customers recommend Competitive Intelligence, Negotiation Management, Contract Management, as the business use cases that they have been most satisfied with while using Arkestro (formerly Bid Ops).

Other use cases:

  • Proposal & Quote Management
  • Relationship Management
  • Customer Case Management
See all use cases See less use cases

Business Priorities

Improve Stakeholder Relations and Scale Best Practices are the most popular business priorities that customers and associates have achieved using Arkestro (formerly Bid Ops).

Other priorities:

  • Establish Thought Leadership
See all business priorities See less business priorities

Arkestro (formerly Bid Ops) Use-Cases and Business Priorities: Customer Satisfaction Data

Reviews

"...Through a dynamic dashboard, vendors offers are compared, benchmarked, and tabulated, and buyers can view a bid analysis to compare bid outcomes...." Peer review

Arkestro (formerly Bid Ops), belong to a category of solutions that help Proposal Management. Each of them excels in different abilities. Therefore, determining the best platform for your business will depend on your specific needs and requirements.

Bid Ops platform automates vendor management and bidding events using AI. Strategic sourcing professionals benefit from improved vendor relationships.

Popular Business Setting

for Arkestro (formerly Bid Ops)

Top Industries

  • Consumer Goods
  • Government Administration
  • Food & Beverages

Popular in

  • Small Business
  • Large Enterprise

Arkestro (formerly Bid Ops) is popular in Consumer Goods, Government Administration, and Food & Beverages and is widely used by Small Business, and Large Enterprise,

Arkestro (formerly Bid Ops) Customer wins, Customer success stories, Case studies

How does Arkestro (formerly Bid Ops) facilitate Competitive Intelligence?

Why is Arkestro (formerly Bid Ops) the best choice for Contract Management?

 

Arkestro Announces Customer Expansion With Chevron, Driving Predictive Procurement Transformation Across Global Markets

Arkestro has expanded its predictive procurement platform adoption within Chevron, enhancing supplier cycle times and cost management across global markets. This marks a significant milestone in Arke...stro's growth in the energy sector, with Chevron utilizing the platform to drive competitive performance and efficiency. The expansion is supported by a $36M investment from Altira Group and Aramco Ventures.

Read more →
 

Valvoline enters multi-year partnership with Arkestro

Valvoline enters multi-year partnership with Arkestro

Read more →

Provisur - Manufacturing

Arkestro helped Provisur cut their spend by 20%. Provisur used the Arkestro Predictive Procurement Platform. The platform improved procurement processes. Provisur achieved significant cost savings. A...rkestro enabled smarter and faster decisions. The result was a 20% reduction in spend for Provisur.

Read more →

Provisur Technologies - Manufacturing

Arkestro helped Provisur Technologies save $350,000 in four procurement campaigns. The company used Arkestro's predictive procurement platform to streamline supplier onboarding and cut average event ...spend by 20%. Provisur ran $2.6 million through the platform and saw campaign savings between 11% and 37.6%. The procurement team found the software easy to use and praised Arkestro's hands-on support. Provisur formalized procurement processes and increased efficiency across global operations.

Read more →

Materne - Food & Beverages

Arkestro Predictive Procurement Platform helped Materne run an RFP on cartons. Materne used Arkestro to improve supplier network strength and cut costs. The platform enabled better procurement decisi...ons. Materne achieved savings and streamlined their sourcing process. This case highlights Arkestro's impact in the food and beverage industry.

Read more →

Arkestro (formerly Bid Ops) Features

  • Low
  • Medium
  • High
FEATURE RATINGS AND REVIEWS
AI Powered

4.50/5 ★

Read Reviews (10)
Analytics

4.30/5 ★

Read Reviews (14)
Custom Reports

3.90/5 ★

Read Reviews (9)
CAPABILITIES RATINGS AND REVIEWS
AI Powered

4.50/5 ★

Read Reviews (10)
Analytics

4.30/5 ★

Read Reviews (14)
Custom Reports

3.90/5 ★

Read Reviews (9)

Software Failure Risk Guidance

?

for Arkestro (formerly Bid Ops)

Top Failure Risks for Arkestro (formerly Bid Ops)

Arkestro, Inc News

Product

Tariffs are the wake-up call supply chains needed, Arkestro says

Arkestro's co-founder, Edmund Zagorin, emphasizes that tariffs should be seen as a catalyst for innovation in supply chains. He advocates for using AI to transform procurement processes, reducing sourcing time by 60-90% and enhancing pricing accuracy. Arkestro's platform leverages AI to predict negotiation outcomes, offering significant benefits to Fortune 500 companies like Chevron and Valvoline. The global AI in procurement market is expected to grow significantly, with Arkestro playing a key role.

Read more →
Product

Arkestro Announces Optimal 25: The Celebration of Game-Changing Procurement

Arkestro Announces Optimal25: The Celebration of Game-Changing Procurement

Read more →
Partnership

Arkestro Powers Predictive Procurement Transformation for Valvoline in New Multi-Year Partnership

Arkestro has entered a multi-year partnership with Valvoline to enhance procurement processes using its predictive procurement platform. Valvoline has achieved significant cost savings and efficiency improvements in procurement since adopting Arkestro's platform. The collaboration aims to transform procurement into a strategic advantage by leveraging AI and data-driven approaches.

Read more →
Partnership

Arkestro Powers Predictive Procurement Transformation for Valvoline in ...

Arkestro has announced a multi-year partnership with Valvoline to enhance procurement processes using its predictive procurement platform. Valvoline has achieved significant cost savings and efficiency improvements since implementing Arkestro's platform, leveraging AI and game theory for strategic supplier engagement. This collaboration marks a milestone in Arkestro's growth, showcasing its role in transforming procurement into a strategic advantage.

Read more →

Arkestro, Inc Profile

Company Name

Arkestro, Inc

Company Website

https://arkestro.com/

HQ Location

San Francisco, CA US

Employees

11-50

Social

Facebook Linkedin Twitter

Financials

SEED