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Supply Chain Lectures (More episodes)

May 12, 2022

Retail stock allocation with probabilistic forecasts - Lecture 6.1

Supply chain decisions require risk-adjusted economic assessments. Converting probabilistic forecasts into economic assessments is nontrivial and require dedicated tooling. However, the resulting economic prioritization, illustrated by stock allocations, proves itself more powerful than traditional techniques. We start with the retail stock allocation challenge. In a 2-echelon network that includes both a distribution center (DC) and multiple stores, we need to decide how to allocate the stock of the DC to the stores, knowing that all stores compete for the same stock.

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Guest speakers (More episodes)

Apr 6, 2022

Feedback Loops and Machine Learning in Supply Chain

Advancements in technology, such as machine learning and AI, have provoked the question on how to best apply this technology in order to maximize the supply chain performance. Can machine learning be applied in a way that, by providing it with more and more forecasting data, increasingly better forecasts are being produced through complex feedback loops?

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Supply Chain In 3 Minutes (More episodes)

Stockouts in 3 minutes

A stockout happens when the inventory is exhausted. Stockouts are usually treated as problems to be fixed, and many inventory methods, such as safety stocks, have been devised to control the frequency associated with those events.

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Supply Chain science and tech (More episodes)

Crazy Claims of Enterprise Software Vendors

It can be said that the pursuit of truth is often what makes progress truly advance. However, in the world of enterprise software vendors, "the truth" can often be difficult to come by. Especially when the latest technology does not fit in with the design of your product. As such, for this episode of LokadTV, we discuss some of the craziest claims made by software vendors and see how you can separate fact from fiction.

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Beyond Statistical Modeling

Despite many companies currently investing huge amounts of resources into establishing data science capabilities, the hard truth is that the majority of these projects fail to impact upon daily business operations. As such, we look beyond classic statistical modelling and explain why the impact of a proper data science department must run far deeper than just collecting data, manipulating it and getting an output.

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Maintainability of Supply Chain Software

When investing in a piece of supply chain software, there is the expectation that it will last a company decades, rather than just a few years. However, with a rapidly changing tech landscape, this becomes a complicated endeavour. For this episode of LokadTV, we discuss this challenge of maintainability and how it can be impacted by good design.

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Industry deep dive (More episodes)

May 17, 2022

Prices and stocks optimization at Mister Auto

French car parts distributor Mister Auto has choosen Lokad for both its inventory optimization and its pricing optimization. As the European automotive aftermarket includes hundreds of thousands of part references, stocking all parts at all time isn't economically viable. Moreover, minimal order quantities (MOQs) further complicates the fulfillement of the demand, typically both intermittent and erratic for most parts. Finally, the European automative aftermarket is fiercely competitive, requiring constant pricing readjustments to stay ahead of the competition.

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Jun 17, 2020

Open-to-Buy

Open-to-Buy is a budgeting and planning process that is commonly used in the fashion industry to drive purchasing decisions. In this episode, we discuss why this approach is so popular and discuss whether modern technology can provide alternative approaches to keep up with the ‘fast fashion’ culture.

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Apr 22, 2020

Hard Luxury Store Assortment

The nature of the hard luxury market means that despite a growing online presence, the vast majority of purchases are still made in store. With sales reaching as low as one or two units per year, it can often be challenging to know what to display in stores and how best to capitalize upon a demand that is so sporadic. For this episode of LokadTV, we discuss this dilemma and learn what hard luxury stores can do to optimize their assortment.

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French tech (More episodes)