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).
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).
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,
Comprehensive Insights on Arkestro (formerly Bid Ops) Use Cases
How can Arkestro (formerly Bid Ops) enhance your Competitive Intelligence process?
How does Arkestro (formerly Bid Ops) address your Contract Management Challenges?
Case Studies
CASE STUDY Provisur
Arkestro (formerly Bid Ops) Features
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- Medium
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| FEATURE | RATINGS AND REVIEWS |
|---|---|
| AI Powered | Read Reviews (10) |
| Analytics | Read Reviews (14) |
| Custom Reports | Read Reviews (9) |
| CAPABILITIES | RATINGS AND REVIEWS |
|---|---|
| AI Powered | Read Reviews (10) |
| Analytics | Read Reviews (14) |
| Custom Reports | Read Reviews (9) |
Software Failure Risk Guidance
?for Arkestro (formerly Bid Ops)
Top Failure Risks for Arkestro (formerly Bid Ops)
Arkestro, Inc News
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 Arkestro'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.
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.
Arkestro Announces Optimal 25: The Celebration of Game-Changing Procurement
Arkestro Announces Optimal25: The Celebration of Game-Changing Procurement
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.
Arkestro, Inc Profile
Company Name
Arkestro, Inc
Company Website
https://arkestro.com/HQ Location
San Francisco, CA US
Employees
11-50
Social
Financials
SEED
