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.
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.