ITALCAR Cuts Stock Levels While Increasing Sales Shortly After Implementing Demand Solutions

Date : 10/01/2019 @ 12:15PM
Source : Business Wire
Stock : American Software Inc (AMSWA)
Quote : 16.79  -0.1 (-0.59%) @ 11:00PM

ITALCAR Cuts Stock Levels While Increasing Sales Shortly After Implementing Demand Solutions

American Software (NASDAQ:AMSWA)
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Tunisian Car Distributor Increases Sales, Reduces Stock Despite Challenging Financial Environment

Demand Management, Inc., a leading global resource for cloud-based supply chain management solutions, announced today that ITALCAR, a Tunisian dealer of cars and trucks, has chosen Demand Solutions® as its new supply chain planning platform.

A subsidiary of the IDM Group, ITALCAR represents Iveco in Tunisia with two other dealers, and exclusively represents Fiat, Alfa Romeo, Jeep, Lancia, and Petronas oils. The company also provides after-sales vehicles for distributed brands and sales of spare parts and accessories. ITALCAR has 180 employees across three locations in Tunisia.

Until recently, ITALCAR ran its business using a standard MRP system and spreadsheets, which made it difficult for the company to make progress towards its ambitious business performance goals. ITALCAR deployed Demand Solutions to improve visibility, increase sales, reduce stock levels, offer a greater variety of parts, and put itself in a better position to negotiate part costs with vendors.

“Our initial results from Demand Solutions left no room for doubt,” said Teymour Elhicheri, Group IT Director, ITALCAR. “Demand Solutions Demand Planning and Requirements Planning are already helping us drive our business forward in a challenging economic environment in our country. With the Tunisian Dinar being devalued, we wanted to reduce our financial risk by cutting our stock levels by at least one-third while at the same time increasing our sales. We’ve already achieved these goals with Demand Solutions.”

“We are always excited to work with companies like ITALCAR that have set specific metrics for supply chain planning success,” said Bill Harrison, president of Demand Management. “ITALCAR has achieved truly impressive goals with Demand Solutions—and we’ve only just begun our partnership. We look forward to helping them continue to exceed expectations as they grow their business, increase visibility and further automate their planning process.”

About Demand Management, Inc.

Demand Management, Inc. is the leading global provider of the Demand Solutions® software-as-a-service (SaaS) supply chain planning software. These affordable, easy-to-use solutions for manufacturers and distributors are designed to increase forecast accuracy, improve customer service levels, and reduce overall inventory to maximize profits and lower costs. Designed to run on Azure, a cloud service from Microsoft, the Demand Solutions DSX™ supply chain planning solution offers functionality for demand optimization, supply optimization, manufacturing optimization, integrated business planning/sales and operations planning, team collaboration, retail optimization, and data visualization.

Demand Management has worked with supply chain professionals for over 30 years and has incorporated their best practices and real-world business requirements into its software. The Company’s extensive customer base across 81 countries includes Siemens Healthcare, AutomationDirect.com, and Newfoundland Labrador Liquor Corporation. Demand Management is a wholly owned subsidiary of Logility, Inc., which is a wholly-owned subsidiary of American Software, Inc. (NASDAQ: AMSWA).

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 the Company’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’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.

Demand Solutions® is a registered trademark and DSX™ is a trademark of Demand Management, Inc. Other products mentioned in this document are registered marks, trademarks or service marks of their respective owners.

Marti Kirsch mkirsch@demandsolutions.com

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