GenLots is fixing a longstanding industrial problem: the definition of the optimal order plan for industrial companies that are transforming...
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Building
Building I
Address
GenLots SA, Building I, EPFL Innovation Park, 1015 Lausanne, Switzerland
Name
GenLots
Company Type
Start-up / SME
Video
Contact Person
Simon Schenker
Email
contact@genlots.com
About / Bio / Mission
GenLots is fixing a longstanding industrial problem: the definition of the optimal order plan for industrial companies that are transforming or combining raw materials to create their final products - and as such need to plan their purchases ahead. GenLots answers the question “When to order how much to minimize the Total Cost of Ownership?”

The GenLots SaaS application
- delivers 4-10% of savings on total purchasing cost (several CHF Million annually), proven with various companies in the pharmaceutical, chemical and machinery industry
- automates the planning decision through the inclusion of real world variables (perishability, quality control, warehousing space, supplier selection etc.) through a proprietary machine learning algorithm and thus reducing workload of material planners by one day a week
- is up and running rapidly (3 months max.) with minimal client effort, no change of existing processes and a quick realization of measurable benefits.

GenLots is in production in a large pharma corporation and has running pilots with leaders in the FMCG, Chemical and Industrial sectors.
Founding Year
2017
Sectors
Software, Others
Activity Keywords
Supply Chain, Purchasing, Machine Learning
Number of collaborators
1 - 5
Awards
MassChallenge Finalist 2018, Seal of Excellence 2019 by the European Commission, H-Farm 2017
Is an EPFL spin-off
no
Jobs Offers