Case Study: Global Plastics Manufacturer achieves 18% savings with Arkestro

Plastics Manufacturer Tackles the Ultra Competitive Procurement Marketplace with Arkestro’s Predictive Models

Global Plastics Manufacturer, a global contract manufacturer molding plastic parts on demand for more than 250 companies, faced a difficult sourcing environment marked by slow, costly procurement of large volumes of plastic resins. With multiple acquisitions creating fragmented and imperfect data, the team needed a faster way to make better sourcing decisions in an ultra-competitive marketplace. Arkestro’s Predictive Procurement platform was introduced to help streamline the process.

Using Arkestro’s predictive models, machine learning, and external market data, the manufacturer was able to simulate supplier quotes before reaching out and guide suppliers toward better offers. The results were immediate: within 72 hours, Arkestro helped deliver an 18% savings with an incumbent supplier, reduced quote fatigue, strengthened supplier relationships, and enabled award decisions in days instead of weeks or months.