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Saving up to 10% on Total Purchasing Costs @ Supply Chain


Assessing inefficiencies in purchasing is very difficult without a benchmark, namely the optimal order plan. As a result, many hidden costs remain tied in the purchasing process. Traditional models fail to detect such hidden costs – by presenting results that are acceptable but simplified.


GenLots platform which applies machine learning concepts allows to obtain this benchmark and remove unnecessary costs of about 3-8% depending on the raw material ordered.


Benefits:

  • Save up to 10% on the total purchasing costs and get a direct impact on the gross margin.

  • Handle the specifics of the company with ease. Even factors such as quantity discounts, storage constraints or perishable items.

  • Get the optimal order plan anytime and within seconds while maintaining existing IT infrastructure and business processes.



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