What you've always wanted to know about Lokad but were afraid to ask...
Lokad was created in Paris in 2008 as a software company with a strong technological and mathematical core. The goal was to bring state-of-the-art technology and science to supply chains: we were among the very early adopters of cloud computing, and today we keep the same spirit with deep learning. That led us to several generations of forecasting engine, in an endless race to improve forecasting accuracy.
While working on the R&D side we also realized how important it was to build a solution that would be directly shaped by the very real and concrete business problems of supply chains. We came to the conclusion that pure maths wouldn’t manage that - however sophisticated they could be. At the very beginning of 2014, we released Envision, a Lokad-built programming language, entirely focused on supply chain problems. It granted us the flexibility we needed to take into account the complexity and constraints of supply chain (MOQs, MOVs, Bills of Materials, …). By combining these programmatic abilities with the probabilistic perspective of our forecasting engine we were able to give a precise answer to supply chain issues: one centered about ROI, leading to prioritization of actions with a complete overview of the whole supply chain in mind.
In 2015, we then proceeded to build a team of Supply Chain Scientists: engineers with an expertise not only in maths and coding, but in supply chain as well, that is, people that would be able to wield the weapon that was Envision for the benefit of our customers in order to be the perfect copilot for the optimization of their supply chain.
By following this path, Lokad has grown an average of 50% per year. Though initially funded by love money and a couple of business angels, no investors were further involved. We are quite proud that the growth obtained so far has been organic and due to revenue generated by customers. We do our best to grow at our own pace; our clients are not to suffer from disorders generated by our own growth.
Applying incorrect recipes to a domain as complex and unforgiving as supply chains does not make them better, but worse. At Lokad, we strive for science while fighting against scientism. Reality tells whether a supply chain decision is good or bad. Unintended effects matter. Scale matters. IT landscape matters. Performance is about getting the economic trade-offs right. Our technology is forever in flux, progressing as our own understanding of the problem progresses.
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Lokad's office is located in the center of Paris, in the 13th, next to the famous Station F, and directly in front of the subway station Chevaleret (line 6). From here, it's a 10 minute walk to either the Seine or Place d'Italie.
At Lokad, we have a few simple principles when it comes to hours spent at the office:
Admittedly, at Lokad, we are very very picky when it comes to choosing our next coworkers. We are very happy with the team that now constitutes Lokad, and we are very bent when it comes to keep the same quality.
If you want an idea of what we are we looking for in a team or team members, here it goes:
Are you interested by Artificial Intelligence, blockchain, forecasting accuracy, the increasing popularity of Data Scientists, S&OP and more? Then take a look at our interviews on Lokad TV and leave us a comment to join the debate.
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