The ability to process vast amounts of data has been a long-standing requirement for the supply chain industry. However, this can be very costly both in terms of time and processing power when one considers that optimizing a whole supply chain can...
Aerospace is a heavily regulated industry where change doesn’t happen easily. However, the arrival of the monstrous A380 introduced new supply chain challenges that highlighted the weaknesses of existing MRO procedures. In this episode of LokadT...
Envision is the domain-specific programming (DSL) of Lokad dedicated to the predictive optimization of supply chain. Here, Victor Nicollet (CTO, Lokad) illustrates some of the 'calendar' capabilities of Envision and how those capabilities are supp...
Envision is the domain-specific programming (DSL) of Lokad dedicated to the predictive optimization of supply chain. Here, Victor Nicollet (CTO, Lokad) illustrates some of the 'data frame' capabilities of Envision and how those capabilities are su...
Everyone knows the old saying "you are what you eat", but very few of us appreciate just how complex it is to get food on plates at the right place, at the right time and at the right level of freshness. For this episode of LokadTV, we're joined b...
Mahatma Gandhi famously said that “The future depends on what you do today.” ― and for the organizations of tomorrow to be successful they already need to start establishing the right set up and supply chain operating model. We're delighted to wel...
The action reward is a vast generalization of the newsvendor problem featuring: nonstationary demand, incoming purchase orders, lead times, halfway through stockouts, future decisions and more. ****** Technical documentation: https://docs.lokad....
It can be said that the pursuit of truth is often what makes progress truly advance. However, in the world of enterprise software vendors, "the truth" can often be difficult to come by. Especially when the latest technology does not fit in with th...
When starting Lokad back in 2008, we thought we had the solution already worked out. However, since those early days there have been many twists and turns along the road, and we have had to change the entire strategy of the company on a number of ...
When investing in a piece of supply chain software, there is the expectation that it will last a company decades, rather than just a few years. However, with a rapidly changing tech landscape, this becomes a complicated endeavor. For this episode ...
Despite many companies currently investing huge amounts of resources into establishing data science capabilities, the hard truth is that the majority of these projects fail to impact upon daily business operations. As such, we look beyond classic ...
We've previously discussed the importance of a supply chain specialist over someone with more classic data science capabilities. At Lokad, we call them "Supply Chain Scientists". We're joined by one of our Supply Chain Scientists, Maximilian Barth...
Dollars of profits and losses are the only metric that matter in the long run for any company. At Lokad, we emphasize a strict financial optimization of the supply chain. This approach should not be confused with short-sightedness and other kinds ...
Much like a great chef in a Michelin star kitchen, the best data scientists have to craft statistical solutions that adapt and evolve to every scenario. As such, we investigate what it takes to create these numerical recipes and what characterizes...
Historically, pricing and planning have been dealt with by separate divisions within companies. This has resulted in inconsistent strategic thinking and data silos. For this episode of LokadTV, we discuss why these two tasks should be dealt with i...
Mainstream statistics are all about the law of large numbers. Yet, supply chains are the opposite. It's the law of small numbers that prevails. For decades, this mistunderstanding has generated problems for practitioners due to misdesigned tools, ...
As coronavirus swept the world, numerous organisations quickly transitioned towards remote working. However, with so many employees working from home, these less secure environments created new security vulnerabilities. As such, for this episode o...
Historically, programming has often been seen as an intimidating task reserved for computer whizzes and IT practitioners. Nowadays, however, with the rise of tools such as Python, programming has become that much more accessible. For this episode ...
Here we're joined by the host of IBF’s On Demand Podcast, Eric Wilson, to discuss the role of analytics in modern day organisations and in particular, what we can learn from Eric’s new book titled ‘Predictive Analytics for Business Forecasting’. ...
From exorbitant one-time licenses to hidden maintenance fees, it seems like navigating the range of approaches to pricing software can often be somewhat of a minefield. Here, we explore some of the main approaches and learn more about the bad prac...
For this somewhat special episode of LokadTV, we hold a webinar with previous guests of the show, Cédric Hervet and Stefan Gstettner. We discuss the impact of Covid-19 on supply chains worldwide and get their views on how the situation has been ha...
Better quantitative results in supply chains are frequently obtained through better qualitative, if not highly subjective, perspectives rather than from better numerical methods. Most the breakthoughs at Lokad, that ultimately lead to quantitative...
Despite the rise of automation, modern day warehouses still rely heavily on manpower, which can lead to diseconomies of scale in periods of heavy demand. As such, we learn more about how decisions can be prioritized and why smoothing warehouse ope...
The very design of a supply chain network has a huge impact on inventory optimization. For this epsisode, we're delighted to welcome Pinak Dutta, Head of Network Optimization at Spreetail, to discuss what constitutes good design and how organisati...