Locus Launches NodeIQ to Optimize Strategic Supply Chain Decisions and Improve Customer Profits
PR88840
SAN FRANCISCO, April 8, 2021 /PRNewswire=KYODO JBN/ --
- New Strategic Decision-Making Automation Technology Complements the Company's
Tactical and Operational AI-Driven Supply Chain and Logistics Planning Solutions
Locus (https://locus.sh/), a global B2B SaaS company that automates human
decisions in the supply chain, today announced the release of a new product:
Locus NodeIQ. Locus NodeIQ is a smart supply chain decision-making platform
that enables companies to perform end-to-end network and inventory
optimization.
Locus, which focuses on fast-moving consumer goods (FMCG), consumer
packaged goods (CPG), retail, home services, third-party logistics (3PL),
e-commerce and industrial enterprises, provides a portfolio of products that
drive efficiency with AI and machine learning. Locus offers intuitive products
that are simple to use and designed to solve specific problems enterprises
encounter when managing complex supply chains. Locus automates decision-making
to optimize every facet of logistics, such as route, capacity and network
design.
NodeIQ takes it to the next level, automating strategic supply chain
decisions that impact four key areas: flow, location, inventory, and strategic
sourcing. 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. NodeIQ factors in real-time constraints like service levels, lead
times, costs and capacity to minimize costs and maximize efficiency.
"A black swan event like the pandemic demonstrates the importance of
agility in the supply chain," said Krishna Khandelwal, Chief Business Officer
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."
Locus products are gaining users worldwide because the platform is simple
to use. Supply chain optimization is a data-intensive function, but Locus uses
AI and other advanced technologies to cleanse data, flag anomalies and deliver
clear insights. Following the same product principle of ease and simplicity,
Locus NodeIQ uses a digital twin approach to make it easy for clients to test
various scenarios and drill down to specific segments of the supply chain to
assess potential impact. As a result, Locus customers operate more efficiently
and are able to respond quickly when business conditions change.
"When COVID-19 hit, demand supply planners, procurement managers, supply
chain analysts, ecommerce 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 observed. "Lack of digital visibility hampered this effort
for too many enterprises. Locus NodeIQ and our complete portfolio of solutions
can provide that visibility."
To learn more about Locus, please visit https://locus.sh/.
About Locus
Locus is a deep-tech platform that automates human decisions in the supply
chain to provide efficiency, transparency, and consistency in logistics
operations. The platform uses deep machine learning and proprietary algorithms
to offer smart logistics solutions like route optimization, real-time tracking,
insights, and analytics, beat optimization, efficient warehouse management,
vehicle allocation, and utilization. Locus also helps companies optimize their
end-to-end supply chain network with its strategic consulting offering. The
company powers deliveries across Southeast Asia, the Indian Subcontinent,
Europe, and North America. For more information, please visit https://locus.sh/
Media Contact:
Locus Media Contact
Julie Solomon
610.764.1534
jsolomon@nextpr.com
Logo: https://mma.prnewswire.com/media/1197609/Locus_Logo.jpg
Source: Locus
本プレスリリースは発表元が入力した原稿をそのまま掲載しております。また、プレスリリースへのお問い合わせは発表元に直接お願いいたします。
このプレスリリースには、報道機関向けの情報があります。
プレス会員登録を行うと、広報担当者の連絡先や、イベント・記者会見の情報など、報道機関だけに公開する情報が閲覧できるようになります。