Forecasting Impact

In this episode, we spoke to Joannes Vermorel, founder and CEO at Lokad, a quantitative supply chain software company.

Joannes discussed how supply chain theory is broken down, and that we need to think in terms of paradigms and modules rather than models for solving supply chain problems. He talked about issues in time series forecasting and judgmental forecasting. He emphasized how critical it is to have a holistic view of the problem, to aim for optimization of the entire system. and to acknowledge that we often don’t know the metric to be optimized and it requires some experimentation. We also discussed how Lokad is deploying AI pilots to address some of the important problems in supply chain.

To learn more about Lokad, visit https://www.lokad.com/ or check them out on YouTube.