GenLots is a SaaS provider which uses machine learning to optimize supply chain processes. Industrial companies ordering raw materials and transforming them into finished products need to plan purchases way ahead. Without an optimal order plan as a benchmark, assessing inefficiencies in purchasing is very difficult. As a result, many hidden costs remain tied in the process. Traditional models fail to detect such hidden costs – by presenting results which are acceptable but simplified. GenLots isolates in a few seconds with machine-learning-based proprietary technology the plan that minimizes the total purchasing cost, accounting for all the variables that impact this decision in the real world, like perishability or quality control costs, which up until now, no solution was flexible enough to do. By delivering an optimal plan in seconds, GenLots can unlock savings of up to 10% of total purchasing costs while automating parts of the process at the same time.