Lokad
Quantitative Supply Chain.
Overview
Lokad is a supply chain analytics company that provides a platform for customized, predictive optimization. Unlike traditional software with fixed features, Lokad offers a flexible environment with a specialized programming language (Envision) to build tailored forecasting and optimization logic. They focus on optimizing for business drivers (like profit) rather than just technical metrics (like forecast accuracy).
✨ Key Features
- Probabilistic Forecasting
- Customizable Optimization Logic (Envision scripting language)
- Inventory Optimization
- Pricing Optimization
- Assortment Planning
- Managed platform with expert support
🎯 Key Differentiators
- Probabilistic forecasting approach to manage uncertainty
- Fully programmable platform for tailored solutions
- Focus on optimizing for financial impact (e.g., dollars of error) rather than percentages
Unique Value: Lokad delivers superior financial performance by creating supply chain solutions tailored to your specific business challenges, optimizing every decision against financial drivers under uncertainty.
🎯 Use Cases (5)
✅ Best For
- Reduced inventory while increasing service levels for MRO (Maintenance, Repair, Operations) companies
- Optimized purchasing decisions for fashion retailers
💡 Check With Vendor
Verify these considerations match your specific requirements:
- Companies wanting a simple, off-the-shelf tool with a standard user interface
- Businesses that do not want to engage with a scripting language or expert-led implementation
🏆 Alternatives
Provides a much more flexible and powerful solution than rigid, black-box software. It offers a faster and more supply-chain-focused path to value than building a solution from scratch with an in-house data science team.
💻 Platforms
🔌 Integrations
🛟 Support Options
- ✓ Email Support
- ✓ Phone Support
- ✓ Dedicated Support (All clients have dedicated Supply Chain Scientist tier)
🔒 Compliance & Security
💰 Pricing
Free tier: N/A
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