Bloom Energy leverages predictive AI Arkestro to improve complex procurement processes – Hydrogen Hub
Bloom Energy leverages predictive AI Arkestro to improve complex procurement processes.
Arkestro has announced that Bloom Energy (NYSE: BE), the fuel cell innovator for distributed electricity and hydrogen, is using the Arkestro platform to simplify the highly involved procurement process. Bloom Energy also joins current global category leaders in the industry as the latest new member of the Arkestro Corporate Alliance Partner Program (CAP) and will advise on the functionality of new Arkestro products and services.
Arkestro’s predictive procurement organization integrates pre-favorite outcomes into an organization’s system or process. It achieves this by simulating AI pricing suggestions to buyers that can be submitted to and accepted by suppliers.
Arkestro also routes purchases to preferred suppliers and automates buyer and supplier email correspondence, saving significant time and resources. Organizing predictive procurement will enable Bloom’s procurement team to impact spending faster, drive savings and align spending with the company’s strategic initiatives.
Neil LustigChief Arkestro said:
Arkestro’s use of purchasing management will help Bloom Energy to consistently select the best suppliers based on a variety of factors including price, quality, availability, and ESG 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 zero-zero future.”
Glenn GriffithExecutive Vice President of 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 view well-managed supply chains, and more specifically, streamlined costs and spending, as a key component of this operational excellence. We also look to build on Arkestro’s ability to find suppliers that align with our corporate sustainability, social and governance objectives. We expect it to be Arkestro is a key partner because we are constantly working to improve our procurement processes.”
Satish ChittoriSenior Vice President, Head of Global Procurement and Supply Chain at Bloom Energy said:
We are particularly pleased to be a part of Arkestro’s CAP Programme, where we have the opportunity to influence future Arkestro products and capabilities.
“Our suppliers benefit greatly as well, as Arkestro automates many of the time-consuming tasks associated with cooperating with suppliers, such as emails and making purchase orders. With Arkestro, we have become the buyer of choice among our suppliers, and we are ideally prepared to grow and expand our supplier base” .
Arkestro is the leading predictive procurement coordination platform. Designed to amplify the impact of purchasing, Arkestro helps companies provide 2-5x increase in cost savings attributable to daily purchasing and sourcing cycles.
Large companies leverage Arkestro’s behavioral science, game theory, and machine learning data science to predict and capture value faster across each category of controllable spending. Learn more at arkestro.com
About Bloom Energy
Bloom Energy empowers businesses and communities to take responsibility for their energy. The company’s pioneering solid oxide platform for distributed generation of electricity and hydrogen is changing the future of energy. Fortune 100 companies around the world turn to Bloom Energy as a trusted partner to deliver today’s low-carbon energy and a zero-zero future. For more information, visit www.bloomenergy.com.
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Bloom Energy leverages Arkestro Predictive AI to improve complex procurement processes, San Francisco, November 9, 2022
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