Core Insights - Arkestro has formed a multi-year partnership with Valvoline to enhance procurement processes, resulting in measurable cost reductions across product and service categories [1][2] - Valvoline has achieved 14% annual savings on MRO spend and 27% savings on snow removal and landscaping services since the partnership began [2] - The partnership aims to transform Valvoline's procurement from a cost center into a strategic advantage, leveraging Arkestro's predictive procurement platform [3] Company Performance - Valvoline operates over 2,000 service centers in the U.S. and Canada, completing more than 28 million services annually [6] - The company employs approximately 11,000 team members focused on business growth and future vehicle planning [6] Technology and Innovation - Arkestro's platform utilizes AI, game theory, and behavioral science to create dynamic sourcing events that promote competitive pricing and supplier engagement [2][5] - The platform is designed to streamline evaluations and strengthen supplier relationships, allowing procurement teams to focus on high-impact initiatives [3][4] Industry Impact - Arkestro is recognized as a leader in predictive procurement, helping Fortune 500 companies optimize negotiations and enhance supplier collaboration [5] - The company is hosting the Optimal'25 Houston conference, showcasing how AI and predictive technologies are transforming procurement [4]
Arkestro Powers Predictive Procurement Transformation for Valvoline in New Multi-Year Partnership