Better supply chain decisions.
QUANTITATIVE SUPPLY CHAIN OPTIMIZATION SOFTWARE
Stop fighting uncertainty. Embrace it
DISCOVER A WORLD OF PROBABILISTIC FORECASTS WITH LOKAD. OVER $1 BILLION WORTH OF INVENTORY OPTIMIZED
Enter a new age of inventory optimization
Deep exploration for decisions
Management more in control
A Supply Chain Scientist copilot
Book a free discovery call with a Supply Chain expertREQUEST A DISCOVERY CALL
We’ve been using Lokad daily for over 2 years to calculate our sales prices. It’s a tailored solution, especially given that our combined catalogs take in to account the 20 countries where we operate. It has really helped us to take our ability to generate value via our pricing to a whole new level. As well as being very powerful, Lokad’s solution gives us speed and reactivity, two elements that have become essential for any e- commerce.
Now 70% of our turnover and all the growth is through ecommerce. I started to think about a purchase suggestion system to enhance/automate our purchase flows. I was planning to build it myself but realized that these guys made exactly what I was looking for - but way better! we use the service on a daily basis to optimize and make purchase decisions. Lokad is not replacing the purchase managers but enhances the capacity and provides most valuable insights to make their work efficient and accurate.
Lokad brings a new tool to the table, one that is both powerful and innovative. But on top of that, Lokad has shared with Air France Industries its expertise in inventory optimization and Supply Chain management, thus bringing not only a complimentary IT solution but also a real consulting expertise, which our teams can rely on.
The Quantitative Supply Chain Manifesto
The Quantitative Supply Chain Manifesto
- All possible futures must be considered; a probability for each possibility.
- All feasible decisions must be considered; possibilities vs. probabilities.
- Economic drivers must be used to prioritize feasible decisions.
- Being in control requires automation of every mundane task.
- A Supply Chain Scientist must take ownership of the numerical results.
Videos on Quantitative Supply Chain by Lokad. Demand forecasting, inventory optimization, pricing, and more.
Weekly interviews with supply chain leaders, quick explanations on main concepts and structured lectures about supply chain.
Get a new perspective on your Supply Chain
The Quantitative Supply Chain represents a novel and disruptive perspective on the optimization of supply chains. It can be seen as a refoundation of many supply chain practices, in particular regarding inventory forecasting, and has been built to make the most of the latest statistical approaches and vast computing resources that are available nowadays.
This perspective has emerged at Lokad, a software company founded by Joannes Vermorel. Lokad mixes data analysis with machine learning, cloud computing and supply chain expertise in order to optimize supply chains in a rational and quantitative way, so that the business and financial impacts of every decision are properly quantified. His experience at Lokad has given Joannes Vermorel the opportunity to study and analyze the methods, challenges and performances of dozens of companies all over the world.
This book is intended for supply chain executives and managers who want their supply chains to perform more, faster and with less resources. It caters to those who, ultimately, want to be more in control of their supply chain, with a more precise idea of what their decisions entail. This book provides a comprehensive introduction to the insights, methodologies and tools that have been gathered under the Quantitative Supply Chain umbrella.
The first part of this book covers the general concepts associated with the Quantitative Supply Chain. It outlines how this perspective differs from the classic supply chain perspective, and sheds lights on the core insights. The second part of this book provides hands-on materials to implement a Quantitative Supply Chain initiative. It leverages Lokad as a programmatic platform tailored for Quantitative Supply Chain purposes.
BE IN THE LOOP
Innovating Inventory management at Celio with Julie Schaf
In this interview recorded in spring 2023 at a Celio store in Rosny-sous-Bois, Joannes Vermorel (founder of Lokad) and Julie Schaf (Supply Chain Director at Celio), discuss their ongoing supply chain optimization partnership. Schaf praises Lokad's approach, which differs from traditional tools by focusing on product value, optimizing shortage management, and offering high responsiveness to evolving needs. She points out that Lokad anticipates shortages and prioritizes the dispatch of high-performing products to the most profitable stores for each given item. Their close collaboration facilitates rapid adaptation to required changes, generating beneficial economic and operational impacts for Celio.
MRO Complexity Explained (Paris Air Show 2023)
Effective MRO (maintenance, repair and overhaul) requires meticulous management of up to several million parts per plane, where any unavailability can result in costly aircraft-on-ground (AOG) events. Traditional solutions to manage this complexity involve implementing safety stock formulas or maintaining excessive inventory, both of which have limitations and can be financially untenable. Lokad, through a probabilistic forecasting approach, focuses on forecasting the failure or repair needs of every individual part across the fleet and assessing the immediate and downstream financial impact of potential AOG events.
Backorders - Supply Chain in 3 minutes
Backorders are purchase orders made to the supplier for products that are already out of stock from a given location being served. Backordering is the process of selling inventory that the company doesn’t currently have on hand, and can therefore only take place when the demand is captured in a formal manner.
Inventory Control - Supply Chain in 3 minutes
Inventory control encompasses all the processes that support the supply, the storage, and the accessibility of items in order to ensure their availability while minimizing inventory costs. It can be split into two major areas. The management of inventory and the optimization of inventory. When managing the inventory, the goal is to sustain a high productivity for all inventory operations.