Locus Launches NodeIQ to Optimize Strategic Supply Chain Decisions and Improve Customer Profits

Locus

2021/4/8 10:45

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

 

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