Supply Chain science and tech

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What is Supply Chain?

From a company perspective, while dealing with flows of goods, supply chain is the mastery of optionality when facing variability. This episode focuses on what the term ‘Supply Chain’ means, and what are the organisational implications of this definition.

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Event Sourcing for Supply Chain systems

When relational databases emerged in the 70’s they provided a breakthrough for companies to turn their supply chain digital, decades before the 'digitalization' buzzword. However, event sourcing has now emerged as a more manageable, more reliable and more scalable way to design supply chain systems compared to the relational design. At the core of this revolution, a perspective on reality itself which is too frequently under appreciated by supply chain practitioners.

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Better Data for Better Forecasts

Arthur Conan Doyle’s iconic character Sherlock Holmes famously said ‘it is a capital mistake to theorize before one has data’. We certainly agree, as data is the foundation of any optimization process. Here, we discuss what companies that collect data can do and tackle the myth that data has to be "perfect" for a machine to be able to work with it.

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Early Signals and Forecasting

With a product's success so often relying upon the latest trends, the ability to capture initial demand and detect new crazes is becoming increasingly sought after. Here we discover whether the rise of social media means that forecasting these trends is now possible and what companies can do to react based on early signals.

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Assessing Supply Chain Software

Market analysts and consultants can be a useful aid in assessing the multitude of different supply chain software. However, too frequently, those 'experts' hide behind weak and irrational methodologies, instead of providing opinionated insights which would require a lot work from them. Far from being irrational, high-quality subjective reviews nearly always outperform cheap and naive methodologies.

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Decision First Supply Chains

Supply chains have historically been built with forecasting at their centre, with the actual decision making process left to the intuition and experience of senior staff. We explore the alternative approach of putting ‘decisions first’, and how this philosophy vastly improves the supply chain performance.

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Choosing your ERP

ERPs are misnomed. It should have been ERM standing for Enterprise Resource Management. It's a class of enterprise software that support many routine operations of a company. When it comes to choose an ERP, one must first understand the design and driving forces behind those products.

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Inventory Optimization for SMBs

Inventory optimization matters for small and medium companies (SMBs). The choice ranges between investing in costly enterprise software to taking on the challenge of doing it manually in-house. For this episode of LokadTV, we explore this dilemma and try to understand what SMBs can do to get the best out of their, sometimes limited, resources.

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Tail Risks in Supply Chains

Tail risks are sudden, unexpected events and they often kill companies. Brexit, the Covid-19 outbreak and Iceland's volcanic eruption are a few recent examples. Classic supply chain practices leave companies wholly unprepared for those events. This does not have to be the case.

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Naked Forecasts Considered Harmful

Here at Lokad, our commitment is to deliver the best forecasts that technology can provide. As a result, potential clients often ask if we can provide forecasts alone instead of a full managed solution. In this episode of LokadTV, we explain why these "naked forecasts" invariably introduce a whole host of different problems and how, even with better forecasts, a practitioner usually end up degrading the performance of a supply chain.

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