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What is Lumi?

Lumi is an all-in-one platform tailored to simplify the supplier selection and management process. With a single request, you can effortlessly send out a quote to multiple suppliers that meet your unique criteria. You'll have access to detailed insights into each supplier's performance metrics, certifications, and capabilities. Engage in direct communication with suppliers to negotiate quotes and seamlessly place orders through the Lumi interface. The platform ensures complete transparency concerning your packaging costs, which are sourced directly from the manufacturers. You can systematically organize packaging data using Lumi's sophisticated data format, keeping everything neatly arranged. The platform regularly incorporates new suppliers, allowing for easy discovery through its powerful search and filtering tools. Before moving on to production, it’s essential to ensure that every detail of your project is accurate and well-articulated. Lumi also establishes a standardized workflow for all suppliers, which significantly reduces the chances of errors during the process. Such meticulous attention to detail ultimately contributes to enhanced efficiency and reliability in your projects, making Lumi an invaluable resource for any business. By utilizing this platform, you can expect a smoother operational experience and improved supplier management.

What is Arkestro?

Enjoy a seamless sourcing experience that eliminates the necessity for logins or apps, as our platform facilitates one-click sourcing events that are sent straight to your suppliers' inboxes, complemented by real-time predictive insights. Our versatile data model caters to all spending categories, enabling users to source products similarly to how they would in Excel, while also leveraging the advanced features of Arkestro. The predictive anomaly detection function proactively spots and corrects mistakes before they advance to the procurement phase, thereby improving both accuracy and efficiency. Role-based access streamlines project management for sourcing events, guaranteeing that all relevant parties receive prompt updates. By examining supplier behavior, Arkestro fine-tunes sourcing cycles, leading to shorter event durations. Our efficient email-based workflow generates a variety of award scenarios, suitable for sourcing events of any scale or complexity. Supplier quotes frequently suffer from inaccuracies due to data entry and copy-paste errors, complicating the tracking of sourcing processes that often rely on numerous pivot tables. Moreover, new sourcing cycles typically neglect to apply insights from previous supplier quotes, resulting in repeated errors. With our cutting-edge pricing simulator, you can swiftly gather recommendations for your suppliers, motivating them to modify and resubmit their bids for improved results. This holistic strategy not only reduces errors but also significantly boosts overall sourcing efficiency, making the process smoother for all involved. Ultimately, this innovative approach positions you to achieve better financial outcomes while fostering stronger supplier relationships.

Media

Media

Integrations Supported

AOMS
Packiyo

Integrations Supported

Ariba Network
Coupa
GEP Quantum Intelligence
JAGGAER One
Microsoft Excel
Zycus Procure-to-Pay

API Availability

API Availability

Pricing Information

$95 per month

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Webinars

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Lumi

Date Founded

2015

Company Location

United States

Company Website

www.stellar.org

Company Facts

Organization Name

Arkestro

Date Founded

2016

Company Location

United States

Company Website

arkestro.com

Categories and Features

eCommerce Packaging

Not specified

Packaging

Not specified

Categories and Features

AI Procurement

Not specified

Anomaly Detection

Not specified

Procurement

Budget Management
Contract Management
Spend Management
Supplier Management

Sourcing

Budget Management
Rfx Management
Spend Management
Supplier Management
Supplier Qualification
Supplier Web Portal
Template Management

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