Robust Functionality and Usability Distinguish Logility
Logility, Inc., a leading provider of collaborative supply chain
optimization and advanced retail planning solutions, today announced
Nucleus Research has positioned the company as a Leader in its Inventory
Optimization Value Matrix 2016. The distinction is based on Nucleus
Research’s usability and functionality evaluation of Logility Voyager
Solutions™.
According to the report, “more so than almost any other supply chain
application, IO [inventory
optimization] solutions can have a huge impact on a company’s
finances.” Multi-echelon inventory optimization (MEIO) solutions such as
Logility Voyager Solutions help companies balance inventory (form and
function) with service levels to reduce working capital trapped in the
supply chain. Logility was praised for its advanced functionality,
mathematical openness and extensive built-in analytics.
“Leading vendors of inventory optimization solutions such as Logility
offer a high return on investment by helping companies streamline
inventory across their entire supply chain,” said James Cooke, principal
analyst, Nucleus Research. “Our research shows inventory optimization
can lead to inventory reductions of up to 30 percent. Through the
evaluation, we found Logility to stand out in areas such as usability,
integrated analytics, and transparency in the math behind the solution.”
Highlights from the Report
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“[Logility] Voyager Inventory Optimization has a high degree of
functionality for users to optimize inventory mix and positioning
along designated service levels.”
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“Unlike many competitors, Logility shares the math behind the
inventory optimization algorithms, thus allowing supply chain planners
to build confidence in the calculations.”
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A “distinguishing feature that sets [Logility] Voyager apart from
competitors is its advanced analytics.”
“Whether a company is focused on cutting costs or driving more
profitable growth, optimizing inventory investments to achieve the right
balance between cost and service will help achieve its goals and build
an operationally-sound business plan,” said Allan Dow, president,
Logility. “Logility’s award-winning inventory optimization solution has
helped companies release millions of dollars in trapped working capital
by right-sizing inventory levels across the entire supply chain while
improving customer service levels at the same time. We are pleased to
see Nucleus Research recognize our efforts to help companies quickly
solve their multi-echelon inventory challenges.”
Logility’s inventory optimization solution is based on work pioneered at
Massachusetts Institute of Technology by Dr. Sean Willems, chief
scientist at Logility and professor and Haslam Chair in Business
Analytics and Statistics at the University of Tennessee, and Dr. John
Ruark, vice president of optimization development, Logility. This work
has been widely recognized by both the Franz Edelman Award for
Achievement in Operations Research and Management Sciences as well as
the Daniel H. Wagner Prize for Excellence in Operations Research
Practice.
Source: “Inventory Optimization Value Matrix 2016,” James Cooke, Nucleus
Research (Download Your Copy at: http://bit.ly/1r9S2GS)
About Logility
With more than 1,250 customers worldwide, Logility is a leading provider
of collaborative supply chain optimization and advanced retail planning
solutions that help small, medium, large, and Fortune 500 companies
realize substantial bottom-line results in record time. Logility Voyager
Solutions is a complete supply chain management and retail optimization
solution that features a performance monitoring architecture and
provides supply chain visibility; demand, inventory and replenishment
planning; Sales and Operations Planning (S&OP); supply and inventory
optimization; manufacturing planning and scheduling; retail merchandise
planning and allocation; and transportation planning and management.
Logility customers include Abercrombie & Fitch, Big Lots, Fender Musical
Instruments, Parker Hannifin, Verizon Wireless, and VF Corporation.
Logility is a wholly owned subsidiary of American Software, Inc.
(NASDAQ: AMSWA). For more information about Logility, call 800-762-5207
USA or visit http://www.logility.com.
Forward-Looking Statements
This press release contains forward-looking statements that are
subject to substantial risks and uncertainties. There are a number of
factors that could cause actual results to differ materially from those
anticipated by statements made herein. These factors include, but are
not limited to, continuing U.S. and global economic uncertainty, the
timing and degree of business recovery, unpredictability and the
irregular pattern of future revenues, dependence on particular market
segments or customers, competitive pressures, delays, product liability
and warranty claims and other risks associated with new product
development, undetected software errors, market acceptance of Logility’s
products, technological complexity, the challenges and risks associated
with integration of acquired product lines, companies and services, as
well as a number of other risk factors that could affect the Company’s
future performance. For further information about risks the Company and
American Software could experience as well as other information, please
refer to American Software, Inc’s. current Form 10-K and other reports
and documents subsequently filed with the Securities and Exchange
Commission. For more information, contact: Vincent C.
Klinges, Chief Financial Officer, American Software, Inc., (404)
264-5477 or fax: (404) 237-8868.
Logility is a registered trademark and Logility Voyager Solutions is
a trademark of Logility, Inc. Other products mentioned in this document
are registered, trademarked or service marked by their respective owners.
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