Case Study: Dover Chemical Corporation achieves 10% year-over-year savings and 95% of spend managed with Arkestro

Dover Chemical Corporation Uses Arkestro to Consume Internal Data to Drive Procurement Savings and Improve Processes

Dover Chemical Corporation, a global supplier of chemical specialty additives, struggled to analyze procurement and MRO data and was bogged down by manual data entry and COVID-driven supply challenges. They engaged Arkestro’s Predictive Procurement Orchestration (PPO) software to ingest two years of internal procurement data and allow the team to focus on negotiating prices and improving supplier relationships.

Arkestro integrated PPO with Dover Chemical Corporation’s Microsoft Dynamics AX, automating data ingestion, enabling recommended pricing and streamlined bidding, and adding features like instant counter-offers and quote-by-email. As a result, 95% of Dover’s spend now flows through Arkestro, they’ve completed 1,000 projects, run about two procurement events per day, saved an initial $10,000 on a valve bid, and realize roughly 10% year-over-year savings while eliminating manual entry and increasing procurement’s scale without added headcount.

Dover Chemical Corporation

Patti DeVault

Buyer