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Jan 12, 2022

supply chain in 3 minutes

Spare Parts for Supply Chain in 3 minutes

The main goal in the spare parts industry is to minimize the downtime of your valuable assets such as aircrafts, vessels, oil rigs, wind turbines, generators, manufacturing equipment and heavy machinery. Whenever an asset needs repair or maintenance, the piece of machinery undergoes a full stop which is a highly costly scenario.

Spare Parts for Supply Chain in 3 minutes

The main goal in the spare parts industry is to minimize the downtime of your valuable assets such as aircrafts, vessels, oil rigs, wind turbines, generators, manufacturing equipment and heavy machinery. Whenever an asset needs repair or maintenance, the piece of machinery undergoes a full stop which is a highly costly scenario.

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Dec 1, 2021

Copycats in Supply Chain

The supply chain industry is driven by buzzwords. A decade ago, cloud computing and probabilistic forecasts were not associated with the supply chain industry. Now (2021) it is the talk of the industry, alongside AI,blockchain and machine learning. Vendors are quick to keep up to date and adapt with these trends.

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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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