Lokad TV - Videos on Quantitative Supply Chain

Supply Chain Lectures(More episodes)

On Knowledge, Time and Work for Supply Chains - Lecture 1.7

Jul 5, 2023

On Knowledge, Time and Work for Supply Chains - Lecture 1.7

Supply chains abide by the general economic principles. Yet, these principles are too little known and too frequently misrepresented. Popular supply chain practices and their theories often contradict what is generally agreed upon in economics.

Pricing Optimization for the Automotive Aftermarket - Lecture 6.2

May 10, 2023

Pricing Optimization for the Automotive Aftermarket - Lecture 6.2

The balance of supply and demand very much depends on prices. Thus, pricing optimization belongs to the realm of supply chain, at least to a sizeable extent. We will present a series of techniques to optimize the prices of a fictitious automotive aftermarket company. Through this example, we will see the danger associated with abstract lines of reasoning that fail to see the proper context. Knowing what ought to be optimized is more important than the fine print of the optimization itself.

The Supply Chain Scientist - Lecture 7.3

Mar 8, 2023

The Supply Chain Scientist - Lecture 7.3

At the core of a Quantitative Supply Chain initiative, there is the Supply Chain Scientist (SCS) who executes the data preparation, the economic modeling and the KPI reporting. The smart automation of the supply chain decisions is the end-product of the work done by the SCS. The SCS takes ownership of the generated decisions. The SCS delivers human intelligence magnified through machine processing power.

Guest speakers(More episodes)

Supply Chain Debate On the Demand Driven Adaptive Enterprise Model (with Carol Ptak) - Ep 165

Oct 8, 2024

Supply Chain Debate On the Demand Driven Adaptive Enterprise Model (with Carol Ptak) - Ep 165

Carol Ptak (Demand Driven Institute) and Joannes Vermorel (Lokad) debate the Demand Driven Adaptive Enterprise Model.

Supply Chain Debate - Is S&OP a net good for companies? (with Milos Vrzic) - Ep 164

Jun 19, 2024

Supply Chain Debate - Is S&OP a net good for companies? (with Milos Vrzic) - Ep 164

In a debate hosted by Conor Doherty of Lokad, Milos Vrzic, former Head of Supply Chain at Galderma, and Joannes Vermorel, CEO of Lokad, discussed the value of S&OP for companies. Vermorel critiqued S&OP as simplistic and outdated, while Vrzic emphasized its role in tactical planning. The debate highlighted the complexities of S&OP and the need for a nuanced understanding of its role in business.

Probabilistic Forecasts & Sequential Decision-Making (with Warren Powell) - Ep 163

May 29, 2024

Probabilistic Forecasts & Sequential Decision-Making (with Warren Powell) - Ep 163

In a recent LokadTV interview, Conor Doherty, Joannes Vermorel, and guest Warren Powell discussed probabilistic forecasts and decision making in supply chains. Warren Powell, a retired Princeton professor and Chief Innovation Officer at Optimal Dynamics, shared his career journey and insights on planning under uncertainty. Joannes Vermorel, Lokad's CEO, discussed his transition from deterministic methods to probabilistic forecasting, criticizing academia's lack of real-world application. Both agreed on the superiority of probabilistic forecasting, despite its complexity and businesses' struggle to apply it. The conversation highlighted the need for a broader perspective and a unified approach to dealing with uncertainty in decision-making.

Supply Chain In 3 Minutes(More episodes)

Effects of AI on Supply Chain Jobs - Supply Chain in 3 minutes

Apr 3, 2024

Effects of AI on Supply Chain Jobs - Supply Chain in 3 minutes

Conor Doherty of Lokad scrutinizes a Harvard study on AI's impact on white-collar jobs, revealing nuanced effects. The research, involving 758 consultants, assesses AI's role in enhancing productivity, particularly in supply chain management. It finds that AI boosts performance in certain tasks, especially with training, but may falter in complex scenarios. Doherty critiques the study's narrow view of AI as an adjunct to human labor, arguing for its potential to fully automate tasks, thus revolutionizing productivity and redefining white-collar work. He warns of overconfidence in job security, as AI's full capabilities could dramatically alter the employment landscape.

Essential Skills for Modern Supply Chain - Supply Chain in 3 minutes

Feb 28, 2024

Essential Skills for Modern Supply Chain - Supply Chain in 3 minutes

Conor Doherty, Head of Communication at Lokad, emphasizes the evolution of supply chain management, highlighting three critical skills for future practitioners':' technical writing, digital literacy, and financial awareness. Technical writing is crucial for documenting complex processes, ensuring knowledge is preserved and shared. Digital literacy, encompassing coding and data analytics, is vital for interpreting vast data streams and solving intricate supply chain challenges. Financial awareness enables practitioners to understand the economic impact of their decisions, ensuring fiscal responsibility. These skills are essential for navigating the complexities of modern supply chains and making informed, prudent decisions.

Forecast Value Added - Supply Chain in 3 minutes

Oct 25, 2023

Forecast Value Added - Supply Chain in 3 minutes

Conor Doherty, Lokad's technical writer, discusses Forecast Value Added (FVA), a diagnostic tool for evaluating the value of each step in the forecasting process. FVA integrates insights from various departments to enhance forecasting precision. Doherty notes that FVA presumes that greater forecasting accuracy is always beneficial, which is not always the case. He suggests that the focus should be on reducing monetary error rather than pursuing greater accuracy. He concludes that FVA could be used as a competence test, but does not validate the routine use of non-specialists for forecasting input.

Supply Chain science and tech(More episodes)

Why AI Initiatives Fail in Supply Chain - Ep 168

Dec 12, 2024

Why AI Initiatives Fail in Supply Chain - Ep 168

In a recent LokadTV episode, Conor Doherty and Joannes Vermorel discussed the inherent flaws in mainstream supply chain management, particularly the over-reliance on AI. Vermorel criticized longstanding practices like Requests for Proposals, time series forecasting, safety stock formulas, and service levels, arguing they are outdated and economically unsound. He emphasized that AI cannot rectify these deep-seated issues, as it is not yet at human-level intelligence. Vermorel suggested that practical, experience-based adjustments by practitioners often compensate for these flawed methods. The conversation concluded with a Q&A session, highlighting the challenge of removing entrenched processes in large companies.

Computational Resources in Supply Chain - Ep 167

Nov 28, 2024

Computational Resources in Supply Chain - Ep 167

In a recent LokadTV episode, Conor Doherty, Head of Communication at Lokad, conversed with Joannes Vermorel, CEO of Lokad, about the critical role of computational resources in supply chain optimization. Vermorel emphasized the necessity of understanding both hardware and software to make informed supply chain decisions. He likened this foundational knowledge to basic geographical awareness, essential for preventing problems and ensuring effective decision-making. Vermorel highlighted that while computers are tools for mechanizing decisions, a grasp of their capabilities and limitations is crucial. This understanding extends to programming paradigms, ensuring practitioners can optimize resources and drive better outcomes.

Oct 30, 2024

Supply Chain is not Logistics - Ep 166

Conor Doherty and Joannes Vermorel delve into the distinctions between supply chain and logistics, with supply chain a decision-making process and logistics a decision-execution one.

Industry deep dive(More episodes)

AI-Powered Supply Chain optimization at Tokic group

Dec 19, 2024

AI-Powered Supply Chain optimization at Tokic group

In a recent interview, Fabian Hoehner, Commercial Director at Lokad, and Elliot Langella, Lead Supply Chain Scientist at Lokad, discussed their participation in the ATR digital conference in Athens, hosted by the Tokic group, a Croatian automotive aftermarket company. They highlighted the integration of AI in the automotive aftermarket sector, focusing on their three-year collaboration with Tokic. This partnership, which began in late 2021, aimed to optimize stock levels and improve supply chain efficiency through AI-driven decision-making and demand forecasting. The results included a 5% increase in service levels and a 10% rise in sales, showcasing the transformative potential of AI in supply chain management.

Tokic's AI journey - Trial & errors, then efficient predictive Supply Chain with Lokad (with Josip Kelava)

Dec 16, 2024

Tokic’s AI journey - Trial & errors, then efficient predictive Supply Chain with Lokad (with Josip Kelava)

Discover how Tokic, a leader in the Croatian automotive aftermarket, is transforming its operations with AI and data-driven strategies. In this exclusive interview from Athens, CTO Josip Kelava reveals how Tokic is leveraging Lokad expertise to tackle complex supply chain challenges and automate critical processes.

Spairliners x Lokad x Total Aviation (at MRO Europe)

Dec 4, 2024

Spairliners x Lokad x Total Aviation (at MRO Europe)

Recorded in October 2024 ahead of MRO Europe in Barcelona, Lokad, Spairliners, and Total Aviation hosted a rooftop networking event with many of the world's top aerospace companies and professionals. The event was also an opportunity to celebrate the 10-year anniversary of the Lokad-Spairliners partnership.

French tech(More episodes)

Dec 10, 2024

Lokad at Supply Chain Event 2024

Recorded in November 2024 in Paris, Conor Doherty (Communications Director at Lokad) reports on Lokad's second appearance at Supply Chain Event. This yearly French-language event is a major gathering of solution-providers in the industry. This time, Lokad hosted a panel discussion with French retail giant Maisons du Monde to discuss the intricacies of their supply chain partnership.

Quantifying Uncertainty: A Roundtable at SCE2024 on Forecasting and Planning for the Modern Supply Chain

Nov 15, 2024

Quantifying Uncertainty: A Roundtable at SCE2024 on Forecasting and Planning for the Modern Supply Chain

Moderated by Kevin Baumann, Lead Supply Chain Scientist at Lokad, this roundtable brought together senior executives from the retail sector for an in-depth discussion on the challenges and opportunities of the modern supply chain.

Lokad: Artificial Intelligence in the Service of the Supply Chain

Jul 22, 2024

Lokad: Artificial Intelligence in the Service of the Supply Chain

Lokad's Co-founder, Estelle Vermorel, was a guest on the Talk Entreprise show by Challenges.