Dover Chemical Corporation Case Study on Procurement Optimization

This case study documents the experience of Dover Chemical Corporation in utilizing Arkestro’s Predictive Procurement Orchestration (PPO) software to enhance their procurement processes. The primary objective was to ingest and analyze two years of internal procurement data while eliminating manual data entry tasks without increasing headcount. The challenges faced included a lack of data analysis capabilities and the impact of COVID-19 on procurement operations. The implementation of Arkestro allowed Dover Chemical to save money through suggested pricing and manage a significant portion of their spend effectively. The results indicated that 95% of all spend now goes through Arkestro, with savings averaging 10% year after year. The case study outlines the seamless integration of Arkestro with their existing ERP system and highlights the positive outcomes, including increased procurement influence and improved supplier relationships. Looking ahead, Dover Chemical aims to expand the use of Arkestro for additional materials and projects, anticipating continued savings and process improvements.