Locus, a global B2B SaaS company, has announced the release of Locus NodeIQ, an automated supply chain decision-making platform that enables companies to perform end-to-end network and inventory optimization. The company focuses on fast-moving consumer goods, consumer packaged goods, retail, home services, third-party logistics, e-commerce and industrial enterprises, and provides products that drive efficiency with AI and machine learning.
NodeIQ automates strategic supply chain decisions that impact flow, location, inventory and strategic sourcing. With NodeIQ, users can optimize the movement of goods, identify optimal facility locations, optimize stock levels and engage in strategic sourcing. NodeIQ factors in real-time constraints like service levels, lead times, costs and capacity. NodeIQ uses a digital twin approach so that clients may test various scenarios and drill down to specific segments of the supply chain to assess potential impact.
“A black swan event like the pandemic demonstrates the importance of agility in the supply chain,” said Krishna Khandelwal, Chief Business Officer at 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 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.
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