SAN
FRANCISCO, Nov. 9, 2022 /PRNewswire/ -- Arkestro
announced today that Bloom Energy (NYSE: BE), the fuel cell
innovator for the distributed generation of electricity and
hydrogen, is using the Arkestro platform to streamline its highly
involved procurement processes. Bloom Energy also joins current
industry global category leaders as the latest new member of
Arkestro's Corporate Alliance Partner (CAP) Program and will advise
on the functionality of new Arkestro products and services.
Arkestro's Predictive Procurement Orchestration pre-embeds
preferred outcomes into any organization's system or process. It
accomplishes this by simulating AI pricing suggestions to buyers
which can be offered to 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 enable the
Bloom procurement team to influence more spend faster, deliver a
lift on savings and align spend with strategic corporate
initiatives.
"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, and ESG program
compliance goals," says Neil Lustig,
President, Arkestro. "Exceptional supplier relationships will be
instrumental in Bloom Energy's mission to cost-effectively deliver
lower carbon energy today and bring its customers closer to a
net-zero future."
"At Bloom Energy, we are always seeking ways to improve
operational efficiency to maximize stakeholder value," says
Glen Griffiths, Executive Vice
President, Operations, Services & Quality at Bloom Energy.
"We view well-run supply chains, and more specifically, streamlined
costs and spend, as a core element of this operational excellence.
We are also looking forward to relying on Arkestro's ability to
find suppliers that are in line with our corporate sustainability,
social and governance goals. We expect Arkestro to be a key partner
as we continually enhance our procurement processes."
"We are especially delighted to be a part of Arkestro's CAP
program, where we'll have an opportunity to weigh in on future
Arkestro products and capabilities," says Satish Chitoori, Senior
Vice President, Head of Global Procurement and Supply Chain at
Bloom Energy. "Our suppliers benefit greatly as well, since
Arkestro automates many of the time-consuming tasks associated with
supplier collaboration, like emails and issuing purchase orders.
With Arkestro, we become the preferred buyer among our suppliers,
and are ideally poised to cultivate and expand our supplier
base."
About Arkestro
Arkestro is the leading Predictive Procurement Orchestration
platform. Built to amplify the impact of procurement's influence,
Arkestro helps enterprises deliver a 2-5x lift on cost savings
attributed to everyday purchasing and sourcing cycles. Top
enterprises leverage Arkestro's behavioral science, game theory and
machine learning data science to predict and win faster value
across every category of addressable spend. 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 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 lower
carbon energy today and a net-zero future. For more information,
visit www.bloomenergy.com.
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SOURCE Arkestro