Assembly Line

Arkestro brings AI to ERP


Author: Peter Wayner

Topics: Enterprise Resource Planning

Organizations: Arkestro

Arkestro is bringing a mixture of modern artificial intelligence algorithms to the world of ERP. It wants to use a combination of machine learning, game theory and behavioral science to make the supply chain more efficient and better able to withstand failures.

A large part of Arkestro’s solution focuses on allowing algorithms to help people with pricing and price discovery, a challenge that is also only growing more complex now that inflation is putting more pressure on the enterprise to charge the right amount. When prices are stable, suppliers can work together for years without renegotiating prices. But the specter of currency erosion makes it crucial for companies to find the appropriate price. Arkestro offers a predictive pricing model that tracks the relationship between both sides of the transaction while also folding in data from others in similar marketplaces. It also tracks anomalies and disruptions that can send pricing shocks.

Read more at VentureBeat