Case Study: Global Pharma Firm achieves 13.68% savings and shorter cycle times with Arkestro AI-powered procurement

Global pharma firm leverages AI first offers to drive savings and shorten cycle time

Global Pharma Firm, a multinational biopharmaceutical company, was struggling with an outdated and unintuitive legacy ERP procurement process that made onboarding difficult, limited collaboration, and pushed stakeholders and suppliers into email-based workarounds. The company needed a more streamlined, data-driven approach to manage RFPs and speed up procurement while improving visibility and usability, and turned to Arkestro’s AI-powered procurement platform.

Arkestro implemented intelligent first offers and a user-friendly, centralized platform that kept supplier communications in one place, enabled target savings from the start, and reduced back-and-forth over email. As a result, Global Pharma Firm improved productivity, shortened cycle time, increased control and visibility, and achieved 13.68% savings over baseline on the final award outcome.