Locus, which focuses on fast-moving consumer goods (FMCG), retail, consumer packaged goods (CPG), home services, third-party logistics (3PL), e-commerce and industrial enterprises, offers a portfolio of products that boost efficiency with AI and machine learning.
FREMONT, CA: Locus, a global B2B SaaS company that automates human decisions in the supply chain, has declared the release of a new product: Locus NodeIQ. Locus NodeIQ is a smart supply chain decision-making platform that allows companies to perform end-to-end network and inventory optimization.
Locus, which focuses on fast-moving consumer goods (FMCG), retail, consumer packaged goods (CPG), home services, third-party logistics (3PL), e-commerce and industrial enterprises, offers a portfolio of products that boost efficiency with AI and machine learning. Locus provides intuitive products that are easy to use and tailored to solve specific problems enterprises encounter when managing complex supply chains. Locus automates decision-making to optimize every facet of logistics, such as capacity, route, and network design.
NodeIQ takes it a step further by automating strategic supply chain decisions affecting four main areas: flow, venue, inventory, and strategic sourcing. Users may use NodeIQ to optimize the transfer of goods from raw materials to finished product distribution, find the best facility locations to solve supply and demand discrepancies, increase stock levels, and improve strategic sourcing. NodeIQ factors in real-time constraints like lead times, service levels, costs and capacity to maximize efficiency and minimize costs.
"A black swan event like the pandemic demonstrates the importance of agility in the supply chain," stated 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."