Locus released Locus NodeIQ, a smart supply chain decision-making platform that enables companies to perform end-to-end network and inventory optimization.
With NodeIQ, users can optimize the movement of goods, from raw materials to delivery of finished products, identify optimal facility locations to address supply and demand gaps, optimize stock levels and improve strategic sourcing.
“A black swan event like the pandemic demonstrates the importance of agility in the supply chain,” says Krishna Khandelwal, chief business officer for Locus. “But, supply chains are enormously complex, and depending on the scope of the operation, the number of factors to weigh in while making the right strategic decision is truly beyond human capacity. NodeIQ’s AI-powered strategic decision-making capabilities let enterprises make the right strategic choices so they can stay agile and optimize results at every level.
From PR Newswire:
- NodeIQ uses a digital twin approach to test various scenarios and drill down to specific segments of the supply chain to assess potential impact.
“When COVID-19 hit, demand supply planners, procurement managers, supply chain analysts, e-commerce and warehousing specialists and other supply chain leaders at organizations around the world came together to assess how the pandemic was affecting the supply chain and make decisions on how to move forward,” Khandelwal says. “Lack of digital visibility hampered this effort for too many enterprises. Locus NodeIQ and our complete portfolio of solutions can provide that visibility.”