Pioneering Procurement: How Arkestro’s Patents Are Reshaping the Industry
In the dynamic realm of procurement, leveraging cutting-edge technology and innovative methodologies isn’t just advantageous—it’s essential. At Arkestro, we’re not merely tracking industry trends; we’re creating them.
Ben Leiken, Arkestro’s Chief Technology Officer, encapsulates our mission with clarity: “We are constantly innovating here at Arkestro. The granting of these patents further demonstrates the value of the ideas and concepts we are creating here.” These aren’t mere words; they’re a compass directing us towards uncharted territories of innovation.
Arkestro’s patented technology is more than just pioneering—it’s profoundly practical. Here are some tangible successes our customers have enjoyed:
- Substantial Savings: Our clients saw savings of 16% within the first 60 days of implementing our technology.
- Operational Efficacy: Users can run three times as many events, tripling their market influence and prowess.
- Resource Maximization: Arkestro allows customers to address more spend without additional resources, scaling their capabilities without scaling their budget.
From our first patent in 2019 to our more recent, currently patent-pending inventions, we are pushing the boundaries of what’s possible, and here’s how they’re ushering in a new era of efficiency and strategic procurement for professionals like you.
This diagram from our Electronic Third-party Negotiation Automation System and Tool, demonstrates several phases of the cost estimation round.
Electronic Third-party Negotiation Automation System and Tool
US Patent: US20190244268A1
Status: Pending
A negotiation process that’s automated yet remains sensitive to human insights is no longer wishful thinking. This patent outlines an approach for constructing a system that uses various data sources to help sellers generate optimized cost estimates, reducing inaccuracies and the extensive resources usually required to handle large bid volumes.
- Data-Driven Estimations: Utilizing comprehensive data to provide accurate cost estimates.
- Seller Autonomy: The system offers flexibility for sellers to modify or accept generated estimations.
- Optimized Processing: Streamlining the negotiation rounds for efficiency.
Generation and Real-time Ranking of Customized Quotes
US Patent: US20230289873A1
Status: Pending
Imagine a competitive event environment where sellers are dynamically ranked based on real-time data rather than static, possibly biased information. That’s precisely what our trailblazing platform offers. This approach doesn’t just keep system resources lean—it revolutionizes the way sellers respond to procurement requests, ensuring that both sides of the transaction experience the pinnacle of modern efficiency and transparency.
- Dynamic Seller Interaction: This system allows for real-time modifications, keeping the competitive environment agile.
- Reduced System Burden: By focusing only on necessary data points, we ensure an optimized experience.
- Improved Accuracy: Live adjustments lead to more precise seller quote rankings.
This diagram from our Electronic Third-party Negotiation Automation System and Tool, demonstrates the components and information required to calculate a competitive offer.
Omnichannel Procurement Orchestration System for Generating Personalized Recommendations
US Patent: US11915300B1
Status: Active
For procurement to be genuinely effective, recommendations need to be just as personalized as any consumer shopping experience. That’s where this patented approach to constructing an omnichannel procurement orchestration system comes in, delivering tailored suggestions for an optimal procurement strategy.
- Personalization at Scale: Customized recommendations that cater to specific procurement needs.
- Seamless Integration: A unified system that intuitively adapts across multiple channels.
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Real-world Impact: Arkestro’s Patent-Powered Success Stories
Our dedication to pushing the envelope in procurement technology goes beyond securing patents. It’s about fostering an environment where your expertise as a procurement professional is amplified by tools that empower, insights that enlighten, and innovation that inspires.
Edmund Zagorin, Arkestro’s Founder and Chief Strategy Officer, comments: “Patenting our technology is not just a safeguard for our innovations; it’s a testament to our commitment to fundamentally transform how procurement operates. By securing our inventions, we ensure Arkestro remains at the forefront of this transformation, leading the charge in deploying cutting-edge solutions.
Our patented systems reflect our vision for a procurement industry where efficiency, strategic insight, and innovation are not just ideals, but everyday realities for our users. With these patents, Arkestro is not just changing the game; we’re setting an entirely new standard for excellence.”
Ready to join the new era of procurement? Contact us and let us help you get started!
Stay tuned for more updates on our patent journey, and reach out to discover how our groundbreaking technology can be the keystone of your procurement strategy.
FAQs
Arkestro Patents
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What are procurement patents, and how do they benefit professionals?
Procurement patents refer to innovative technologies and methodologies developed specifically for improving procurement processes. Arkestro’s patented solutions offer significant advantages such as enhanced efficiency, cost savings, and operational efficacy for procurement professionals.
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What types of patented technologies does Arkestro offer?
Arkestro offers a range of patented technologies tailored to streamline procurement processes. These include automated negotiation systems, real-time quote ranking, and personalized recommendation orchestration, among others.
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How do Arkestro's patented solutions contribute to cost savings?
Arkestro’s patented technologies enable users to generate accurate cost estimates, optimize negotiation rounds, and dynamically rank quotes based on real-time data. This precision and efficiency lead to substantial cost savings for organizations implementing these solutions.
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Can Arkestro's patented technologies adapt to different procurement needs?
Yes, Arkestro’s patented solutions are designed to be flexible and customizable, catering to a wide range of procurement requirements. Whether it’s automating negotiation processes, generating personalized recommendations, or maximizing resource utilization, these technologies can adapt to diverse procurement scenarios.
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What sets Arkestro's procurement patents apart from other solutions in the market?
Arkestro’s procurement patents are distinguished by their focus on practicality, scalability, and real-world impact. By leveraging cutting-edge technology and innovative methodologies, Arkestro’s patented solutions not only optimize procurement processes but also empower professionals to achieve strategic objectives efficiently.
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How does Arkestro ensure the effectiveness of its patented technologies?
Arkestro’s commitment to innovation is reflected in its rigorous research and development process. Before being patented, each technology undergoes extensive testing and refinement to ensure its effectiveness, reliability, and compatibility with existing procurement systems.
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Are Arkestro's procurement patents accessible to organizations of all sizes?
Yes, Arkestro’s patented solutions are designed to cater to the needs of organizations of all sizes, from small businesses to large enterprises. By offering scalable and customizable technologies, Arkestro ensures that all professionals can benefit from its innovative procurement patents.
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How can professionals access Arkestro's procurement patents?
Professionals interested in leveraging Arkestro’s patented solutions can reach out to the company directly for more information. Arkestro’s team of experts can provide personalized consultations and guidance on selecting the most suitable patented technologies for specific procurement requirements.