GenLots

Claimed Profile, managed by the company

Claim Company

Boussens

Switzerland

For manufacturing companies, GenLots plans orders for materials used in production, not only in function of quantities needed, but also in function of all operational costs attached to operational procurement activity: discounts, inbound inventory, transport costs, CO2, scrap, etc.

Active

Planning

Status

Active

City (Headquarter)

Boussens

Country

Switzerland

FTE’s

Employees

Founding Date

4/1/2019

Funding ($)

1500000

Phone

Contact Email

arnaud@genlots.com

Founder

Founders

Simon Schenker

Arnaud

Status

Active

City (Headquarter)

Boussens

Country

Switzerland

FTE’s

xxx

Employees

Funding ($)

xxxxxxx

Phone

xxxxxxxx

Founder

Founders

xxxxx

xxxxxx

xxxxx

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Status

Active

City (Headquarter)

Boussens

Country

Switzerland

FTE’s

xxx

Employees

Funding ($)

xxxxxxx

Phone

xxxxxxxx

Founder

Founders

xxxxx

xxxxxx

xxxxx

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Techsegment

Artificial Intelligence

Market Sub-Segment

Manufacturing

Sustainability Sub-Segment

Emission Reduction

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Techsegment

xxxxxx

Sustainability Sub-Segment

xxxxxx

Market Sub-Segment

xxxxxx

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Techsegment

xxxxxx

Sustainability Sub-Segment

xxxxxx

Market Sub-Segment

xxxxxx

Description

In a manufacturing company, planning orders for materials, components, packaging or ingredients for production, usually done between 3 and 12 months in advance, is called operational purchasing. Given the budgets dedicated to sourcing in many manufacturing companies, operational purchasing is a building block of any manufacturing company’s profitability. Despite the abundance of new supply chain technologies, this hasn’t changed in 30 years. The current process makes for blind spots, hidden losses, and excessive CO2 consumption. GenLots transforms it through a combination of a new costing model and self-made reinforcement learning developed at ETH Zürich. We couple it with a powerful and visual interface to make it into the perfect material planner companion, generating immediate bottom-line benefits. We don't stop with order plans, and improve/maintain ERP parameters as well, like safety stocks. All in all, for clients like AB InBev or Merck, we decrease inbound deliveries up to 40% (significantly supporting sustainability objectives through the reduction of scope 3 emissions) and inbound inventory up to 20% - without altering total quantities ordered.

Company USP

GenLots brings immediate wins on the bottom line, doesn't require change management upon implementation, and developed a proprietary technology which complements but cannot be found in larger software suite like SAP or 09. Confluence of these 3 aspects builds our USP. We also are SAP partners.

Problems Solved

Operational purchasing consists in ordering materials & components for production. It is a building block of any manufacturing company’s profitability. But it is still largely handled through static ERP processes and Excel macros, which makes for blind spots and vast hidden losses.

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Description

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Company USP

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Description

Company USP

Business Model

B2B Software

Target Customers

Manufacturing companies with USD 1 BN + in yearly sales in the following verticals: Food & Beverage, Cosmetics, Consumer Goods, Healthcare, Fine Chemicals, Industrial Equipment, Machinery

Reference Customers

Ab InBev (largest beer producer worldwide); Merck (leading pharmaceutical company)

Operating Geographies

Global

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Business Model

xxxxxx

Target Customers

xxxxxx

Reference Customers

xxxxxx

Operating Geographies

xxxxxx

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Business Model

xxxxxx

Target Customers

xxxxxx

Reference Customers

xxxxxx

Operating Geographies

xxxxxx

Attachments

7d3ef45b-2351-4de7-b5ad-3a5e0560a80a.pdf

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Attachments

lorem-ipsum.pdf

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Attachments

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We Empower

Sustainable Supply Chains