Bloom Energy leverages Arkestro’s predictive AI to optimize complex procurement processes.
Arkestro announced that Bloom Energy (NYSE: BE), the fuel cell innovator for distributed electricity and hydrogen generation, is using the Arkestro platform to streamline its highly involved procurement processes. Bloom Energy also joins current global industry category leaders as the latest new member of Arkestro’s Corporate Alliance Partner (CAP) program and will provide guidance on the functionality of Arkestro’s new products and services.
Arkestro’s predictive sourcing orchestration pre-integrates desired outcomes into any organization’s system or process. It does this by simulating AI price suggestions to buyers that can be offered and accepted by suppliers.
Arkestro also routes purchases to preferred suppliers and automates buyer-supplier email correspondence, saving significant time and resources. Predictive procurement orchestration will allow Bloom’s procurement team to more quickly influence spend, increase savings, and align spending with strategic business initiatives.
funny neilChairman, Arkestro, said:
Using Arkestro to manage procurement will help Bloom Energy consistently select the best suppliers based on a variety of factors, including price, quality, and availability, as well as ESG program compliance goals.
“Exceptional supplier relationships will be instrumental in Bloom Energy’s mission to cost-effectively deliver low-carbon energy today and bring its customers closer to a net-zero future.”
Glen GriffithsExecutive Vice President, Operations, Services and Quality at Bloom Energy, said:
At Bloom Energy, we are always looking for ways to improve operational efficiency to maximize stakeholder value.
“We consider well-managed supply chains, and more specifically the rationalization of costs and expenses, as a central element of this operational excellence. We also look forward to being able to rely on Arkestro’s ability to find suppliers in line with our sustainability, social and governance objectives. We expect Arkestro to be a key partner as we continually improve our procurement processes.
Satish ChitooriSenior Vice President, Head of Global Sourcing and Supply Chain at Bloom Energy, said:
We are especially excited to be part of Arkestro’s CAP program, where we will have the opportunity to evaluate Arkestro’s future products and capabilities.
“Our suppliers also benefit greatly, as Arkestro automates many of the time-consuming tasks associated with working with suppliers, such as emails and issuing purchase orders. With Arkestro, we become our suppliers’ preferred buyer and are ideally placed to cultivate and expand our supplier base.
Arkestro is the leading predictive purchasing orchestration platform. Designed to amplify the impact of purchasing influence, Arkestro helps companies achieve 2-5x the cost savings attributed to daily purchasing and procurement cycles.
Leading companies are leveraging Arkestro’s behavioral science, game theory, and machine learning data science to predict and gain value faster in every addressable spend category. Learn more at arkestro.com
About Bloom Energy
Bloom Energy empowers businesses and communities to responsibly take charge of their energy. The company’s leading solid oxide platform for distributed power and hydrogen generation is changing the future of energy. Fortune 100 companies around the world turn to Bloom Energy as a trusted partner to deliver low-carbon energy today and a net-zero future. For more information, visit www.bloomenergy.com.
LILY the latest news shaping the hydrogen market at Hydrogen Central
Bloom Energy Leverages Arkestro’s Predictive AI to Optimize Complex Procurement Processes, SAN FRANCISCO, November 9, 2022
#Bloom #Energy #Arkestros #predictive #optimize #complex #procurement #processes #Hydrogen #Central