Arkestro
Arkestro, formerly Bid Ops, positions itself as ‘predictive procurement orchestration.’ Essentially, it uses AI/ML and data science to learn from customer’s spending behavior and provides a service-based approach to cleansing, modeling and tracking data.
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50 to Know / 50 to Watch / Future 5 / Hall of Fame
In Their Own Words: Arkestro
Arkestro’s Predictive Procurement aims to accelerate enterprise spend transformation to unlock trapped savings and reduce risk, enabling teams to influence significantly more spend. By combining AI and game theory with deep Negotiation Science, Supplier Science, and Process Science, procurement teams can improve win-rates while strengthening supply chain agility.
Arkestro shifts traditional procurement to become a proactive force that anticipates next steps and sees around corners—eliminating inefficiencies, optimizing negotiations, and enhancing supplier collaboration. With Arkestro, procurement frees up much-needed bandwidth for strategic projects that increase margin, supply chain resilience, and measurable business impact.
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