The Supplytechs Network includes Startups with a focus on procurement, which are located in Germany and throughout Europe. Together, we want to shape the future of procurement by leveraging our synergies and supporting each other in the further development.

You are a Startup and wanna join ?

The following companies have already joined the Supplytechs Startup Network:

Lhotse Analytics

CEO: Nicolas Neubauer

Location: Koblenz | Germany
Founding year: 2020
Website: lhotse-analytics.com
LinkedIn: https://www.linkedin.com/company/lhotse-analytics-gmbh
Start-up Phase: Launched
Area of business in procurement: 
  • Negotiation
  • Spend Analytics
Problem:

Procurement data is not fully available, not live, not connected and as a result the procurement professionals have to focus on data work and data analysis instead of executing supplier negotiations, identifying new cost saving projects or work on strategies.

Solution:

Lhotse Analytics connects multiple internal and external market data sources in order to cleanse and enrich data. Within that we (1) generate full transparency and reporting for procurement organizations but also (2) create new actionable saving opportunities tailored for each user. This helps companies to unlock their maximum cost saving potentials in avg. of 50M€ per customer per year.

Offer:

Lhotse Analytics offers custom-made and adaptable enterprise software using a user-license model

Business model:

As the main purpose of the Lhotse Analytics Tool is generating new cost savings opportunities we offer our customers a significant and immediate ROI. Not only through efficiency increase but moreover due to accountable hard cost savings on their direct spend.

USP:

We find savings. In seconds.
We go beyond the usual procurement solutions. We go beyond business intelligence, workflows, data visualization and sourcing automation. We leverage AI to provide our customers readily visualized, actionable cost saving opportunities for 100% of their parts & spend in real time. Each and every buyer is prepared at any time for their supplier negotiations. Our product is tailored for global procurement organizations in the manufacturing industry.

Target customers:

Global manufacturing companies with an annual turnover of 1B€ – 20B€.
Automotive, Appliance, Aviation, Electronics, Medical etc.

Technology:

Leveraging ERP data and market intelligence data.
Applying AI and data analytics to identify new cost saving opportunities and full transparent spend data.

Existing customers:

Onboarding phase with multiple global customers.

Contact: Nicolas Neubauer

Founder & Managing Partner

Mobile phone: +49 (0) 170 9389 267
Phone: +49 (0) 261 8854 261
Email: Email hidden; Javascript is required.