Lokad TV

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Sep 30, 2020

The Quantitative Supply Chain Journey

When starting Lokad back in 2008, we thought we had the solution already all worked out. However, since those early days, there have been many twists and turns along the road, and we have had to change the entire strategy of the company on a large number of occasions.

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Sep 9, 2020

Scenario Planning vs. Probabilistic Forecasting

Scenario planning was first pioneered by Shell in the 1970’s and since then has been promoted by consultancies worldwide as a powerful tool to help companies prepare for every eventuality. Here, we discuss the effectiveness of this approach and whether it can be replaced by alternative methods, such as probabilistic forecasting.

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Min/Max Inventory Method in 3 minutes

Min/Max is one of the earliest automated replenishment methods that is now used across almost every piece of inventory software on the market. Its roots can originally be traced back to around the 19th century; it was developed as a visual method where you could physically see the amount of stock in a carefully sized bin.

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Aug 26, 2020

Smoothing Warehouse Operations

Despite the rise of automation, modern day warehouses still rely heavily on manpower, which can lead to diseconomies of scale in periods of heavy demand. As such, we learn more about how decisions can be prioritized and why smoothing warehouse operations is so important when it comes to managing fluctuations in activity.

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Aug 5, 2020

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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Jul 29, 2020

The Importance of Network Design

The very design of a supply chain network has a huge impact on inventory optimization. For this episode, we're delighted to welcome Pinak Dutta, Head of Network Optimization at Spreetail, to discuss what constitutes good design and how organisations can exploit this to improve their inventory allocation.

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Bill of Materials in 3 minutes

A bill of materials - which is more commonly referred to as a BOM - is a list of the raw materials and associated quantities that are needed to manufacture, assemble or repair an end product. Much like a list of ingredients that a chef would use to make a recipe, a BOM provides us with a compact inventory-oriented representation of the requirements associated with an end product.

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Jul 15, 2020

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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Jul 9, 2020

Walmart forecasting competition - post game analysis

A forecasting competition based on Walmart store data ended June 2020. Lokad ranked 6th out of 909 teams. In this episode, we have a closer look at this unusual sporting event, and what it takes to win such a competition. We are joined by Rafael de Rezende who was leading the Lokad team in this competition.

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