Arkestro launched two new offerings: Pricing Updates and Model Context Protocol (MCP) connectivity, to extend capabilities into the agentic AI environments.
"As the workforce of the future blends human judgment with advanced AI capabilities, procurement technology has to elevate the capabilities of both," says Ben Leiken, chief product officer of Arkestro. "Procurement teams need systems that remain attentive as supplier conditions change and create trusted intelligence available wherever work is happening. By extending predictive procurement across the life of an award and into the enterprise AI ecosystem, we can give buyers and suppliers better context without taking experts out of the decisions that shape those relationships."
Key takeaways:
· With Pricing Updates, teams can use Arkestro to schedule recurring price reviews that prompt suppliers to confirm prices or submit changes. Arkestro evaluates each proposed change within the context of the original negotiation and can suggest counteroffers or tailored feedback before new pricing takes effect. Pricing Updates also accounts for factors that affect total landed cost, including local currencies, freight, tooling and commodity-index pricing.
· With MCP connectivity, procurement teams can bring Arkestro’s predictive procurement capabilities into their existing AI workflows. Enterprises control what information an AI agent can access and what actions it can take. From there, agents can utilize intelligence provided by Arkestro to monitor sourcing activity, summarize what needs attention, draft supplier communications, and prepare new competitive bids. This reduces administrative overhead, giving procurement teams more time to apply their expertise to the decisions and supplier relationships that shape each deal.
