What does Lokad do?
Lokad automates and optimizes supply chain decisions using advanced AI and machine learning to increase business efficiency and profitability. It serves as an AI pilot for supply chain planning and execution, handling tasks like inventory replenishments, production orders, stock allocations, and price changes.
What problem does Lokad solve?
Lokad solves the problem of inefficient, manual, and costly supply chain decisions. It aims to reduce spending on mundane tasks and prevent costly stock-outs, write-offs, and operational disruptions like AOG panic in aviation or emergency airfreight in Oil & Gas.
What features or capabilities does Lokad offer?
Lokad offers an AI-powered platform with probabilistic forecasts, dedicated implementation and operations experts, tailored solutions for specific industries, and seamless integration and automation capabilities. It provides forecasts to help quantify future scenarios for purchasing and allocation.
Who is Lokad for?
Lokad is for businesses across various industries that manage complex supply chains, including Retail Networks, Aeronautics, Automotive, Fashion, and Oil & Gas. It is designed for supply chain and operations professionals looking to optimize purchasing, dispatch, pricing, and inventory.
What is Lokad?
Lokad is an AI-powered platform designed to automate and optimize supply chain decisions for businesses. It uses probabilistic forecasting and machine learning to improve efficiency in inventory management, purchasing, and logistics.
5 of 6 research questions are answered for this product. The rest need source evidence we have not collected yet, so they are left unanswered rather than guessed.