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Nov 24, 2021

supply chain lectures

Software engineering for supply chain - Lecture 4.6

Taming complexity and chaos is the cornerstone of software engineering. Considering that supply chains are both complex and chaotic, it shouldn’t come as too much of a surprise that most of the enterprise software woes faced by supply chains boil down to bad software engineering.

Numerical Forecasting for Supply Chain in 3 minutes

At its core, the practice of numerical forecasting is about using a scientific approach to define a future anticipation based on previous historical data. When we produce, or transport goods, there are delays involved in every process. This means that what you decide today ultimately reflects an anticipated condition about the future.

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The Bullwhip Effect in 3 minutes

The Bullwhip Effect is a well known supply chain distortion, commonly described as a problem that must be avoided. At Lokad, however, we would argue that the bullwhip effect is a phenomenon that naturally occurs in supply chains, and minimizing it is not necessarily advantageous for your business.

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Oct 13, 2021

Supply chain persona: San Jose, homeware ecommerce - Lecture 3.3

San Jose is a fictitious ecommerce that distributes a variety of home furnishing and accessories. They operate their own online marketplace. Their private brand competes with external brands, both internally and externally. In order to remain competitive with larger and lower priced actors, San Jose’s supply chain attempts to deliver a high quality of service that takes many forms, well beyond the timely delivery of the goods ordered.

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Oct 7, 2021

Dusting the ERP market

The Enterprise Resource Planning (ERP) market has become almost overgrown with the variety of software solutions offered. Several tech giants are dominating the market, such as SAP, Oracle, Microsoft, and now also Odoo which has become a key player. In this episode, we are thrilled to be joined by Odoo's founder, Fabien Pinckaers, to explore how the ERP market has been both developing in the last decades, but also stagnating.

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Service level in 3 minutes

In supply chain, the service level is a measure of quality of service. However, the definition of service level has not been fully agreed on. Some use it as the percentage of total demand covered in units of product, others define it as the percentage of orders fulfilled.

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Sep 22, 2021

Machine learning for supply chain - Lecture 4.4

Forecasts are irreducible in supply chain as every decision (purchasing, producing, stocking, etc.) reflect an anticipation of future events. Statistical learning and machine learning have largely superseded the classic ‘forecasting’ field, both from a theoretical and from a practical perspective. We will attempt to understand what a data-driven anticipation of the future even means from a modern ‘learning’ perspective.

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Aug 25, 2021

Mathematical optimization for supply chain - Lecture 4.3

Mathematical optimization is the process of minimizing a mathematical function. Nearly all the modern statistical learning techniques - i.e. forecasting if we adopt a supply chain perspective - rely on mathematical optimization at their core. Moreover, once the forecasts are established, identifying the most profitable decisions also happen to rely, at its core, on mathematical optimization. Supply chain problems frequently involve many variables. They are also usually stochastic in nature. Mathematical optimization is a cornerstone of a modern supply chain practice.

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Jul 21, 2021

Blockchains for supply chain - Lecture 4.21

Cryptocurrencies have attracted a lot of attention. Fortunes were made. Fortunes were lost. Pyramid schemes were rampant. From a corporate perspective, the “blockchain” is the polite euphemism used to introduce similar ideas and technologies while establishing a distanciation with those cryptocurrencies. Supply chain use cases exist for the blockchain but challenges abound as well.

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