Over time, industrial companies accumulate massive stockpiles of spare parts in their warehouses. These parts serve no purpose, do nothing but gather dust and often end up being destroyed. Yet they may be able to find a new life elsewhere, as what is useless for some may still prove useful for others.
That was kheoos's idea: to create a smart marketplace where industrial companies can sell their stocks of unused spare parts. Using a special parts recognition algorithm (which relies on data supplied by the companies), the tool is able to generate all of the information needed for the sale (descriptions, photos, prices, etc.), even if it is incomplete at first. The results: Inventory management is simplified, space is freed up in the warehouses (up to 30%!) and the parts are put to good use. Finally and most important of all, by re-using their parts and extending the working life of their equipment, industrial companies can do their bit for the planet.
Having cut their teeth with major industrial groups in the energy, microelectronics, automotive and logistics sectors, Emmanuelle, Dominique and Guillaume bring a wide range of skills to the table: data science, industrial engineering, production management and e-commerce platforms.
Over the course of our 20 years in various industries, we noticed there were some major issues with spare parts management and a crucial lack of efficiency in this area, even at the major groups. Moreover, as aficionados of artificial intelligence, Big Data and community-based applications, we were able to come up with innovative services that could considerably improve practices in this high-value segment of the industry.
Any recent good news?
Linksium, an SATT in Grenoble, has invested in kheoos and is financing one year of R&D on the parts recognition algorithms, in collaboration with the Laboratoire Informatique de Grenoble.
What is the most unexpected thing that your startup has made you do?
A subsidiary of Schneider Electric that specialises in third-party building maintenance has decided to use our virtual pooling system to share inventories, not between subsidiaries or partners, but between competitors. That’s completely unexpected!
In what way does your project revolutionise your category?
Thanks to our parts recognition algorithms and automatic catalogue builders, industrial companies now have an effective tool for putting their unused spare parts to good use (by re-selling them or virtually pooling them with partner companies).