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GenLots Automating procurement
Founded 2017 · 4 employees on LinkedIn · 3 known investors
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GenLots is a Swiss supply chain technology startup that applies reinforcement learning AI to optimize industrial purchasing and replenishment for large manufacturing companies. Its algorithm jointly optimizes order quantity, timing, discounts, waste, and carrying cost to reflect the true total cost of purchasing decisions, with the ability to factor in CO2 emissions.
Founders & leadership
GenLots Automating procurement was founded in 2017 by Simon Schenker.
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Simon SchenkerTechnical Founder & CEO2017–2026Founder of GenLots, which builds AI-powered procurement automation software that integrates with ERP systems to optimize purchase orders and reduce inventory.
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ArnaudCo-founder
Investors · 3
Frequently asked questions
- What does GenLots Automating procurement do?
- GenLots is a Swiss supply chain technology startup that applies reinforcement learning AI to optimize industrial purchasing and replenishment for large manufacturing companies. Its algorithm jointly optimizes order quantity, timing, discounts, waste, and carrying cost to reflect the true total cost of purchasing decisions, with the ability to factor in CO2 emissions.
- Who founded GenLots Automating procurement?
- GenLots Automating procurement was founded by Simon Schenker in 2017.
- Who are GenLots Automating procurement's investors?
- GenLots Automating procurement's investors include Constructor Capital US, Fly Ventures, Plug and Play Ventures.