Lokad
Lokad specializes in optimizing supply chains using data analysis, machine learning, and cloud computing, offering services like AI Pilot and Envision for inventory forecasting and decision automation.
Services
Lokad specializes in optimizing supply chains through data analysis, machine learning, and cloud computing. The company offers a range of services, including inventory forecasting, pricing optimization, and automated predictive optimization for purchasing, production planning, stocking, and pricing. Lokad's flagship solutions include AI Pilot, which automates decision-making and clerical tasks, and the Envision programmatic platform tailored for supply chain purposes. Lokad also provides various subscription plans, such as Express, Basic, Professional, Enterprise, and Premier, each with different levels of support.
Quantitative Supply Chain Approach
Lokad's Quantitative Supply Chain approach uses statistical methods for inventory forecasting and optimization. The approach emphasizes considering variability and uncertainty in decision-making processes. This method leverages probabilistic forecasting to account for fluctuations and uncertainty in supply chains. Lokad's technology, including the Envision programming language, is specifically designed to optimize supply chain operations using advanced machine learning techniques and AI-based search optimization.
Industries Served
Lokad's solutions are utilized by companies in a wide array of industries. Notable sectors include aerospace, fashion, retail networks, automotive aftermarket, hard luxury, fresh food, and manufacturing. Examples of Lokad's esteemed clients include Air France Industries, Mister Auto, and Spairliners. These services aim to provide a balance between cost and quality in supply chain decisions to reduce financial errors.
AI Pilot for Supply Chain Automation
Lokad's AI Pilot is a service designed to automate decision-making and clerical tasks within supply chain management. AI Pilot employs advanced machine learning techniques and cloud computing to optimize routine challenges. This includes activities such as purchasing, production planning, stocking, and pricing, enhancing operational efficiency and accuracy. This automated approach ensures that decisions are consistently aligned with company goals and market conditions.
Envision Platform
Lokad's Envision platform is a programmatic solution designed specifically for Quantitative Supply Chain purposes. The platform supports various file transfer protocols and formats, including SFTP, FTPS, plain text, CSV, TSV, and Excel. Envision allows users to create customizable dashboards with KPIs, graphs, and tables. This enables businesses to visualize data, track performance, and make data-driven decisions. The platform also includes a two-tier data health-check process to ensure data consistency and error-free operations.
SkuZ Strategic Card Game
Lokad has developed a strategic card game called SkuZ, which simulates supply chain management challenges. SkuZ is designed to provide players with a hands-on understanding of the complexities and decisions involved in managing supply chains. This educational tool aims to enhance strategic thinking and problem-solving skills relevant to supply chain optimization.