Logility Price and Promotion Leverages Machine Learning to Improve Inventory and Service Levels
July 15 2020 - 8:30AM
Business Wire
Quickly Compare Multiple Price and Promotion
Scenarios to Determine Most Profitable Plan for the Business
Logility, Inc., automating the digital transformation of supply
chain optimization and advanced retail planning, today announced
the availability of the latest release of Logility Price and
Promotion, a solution that uses machine learning to predict the
impact of promotion activity on inventory by helping planners
quickly understand changes in demand which allows for better
replenishment and inventory allocation to meet variances in
expected sales.
Many companies today lack visibility into how a price change or
promotion will drive customer behavior, the supply chain and
ultimately the bottom line. Logility Price and Promotion
complements traditional demand planning capabilities by managing
pricing scenarios and generating a price-adjusted forecast to align
inventory decisions with marketing campaigns. This innovative use
of machine learning and highly refined price elasticity models
helps identify the expected lift in demand which assists in
identifying the ideal price to maximize revenue potential while
staying within the constraints of supply.
Logility Price and Promotion features a predictive model and
interactive visuals to speed adoption and ensure planners can
understand the impact of pricing changes across several key
dimensions including product category, SKU, region, customer or
warehouse location. Logility Price and Promotion is designed to
help planners quickly isolate price as the key variable in a
multivariate scenario and create a promoted forecast. The Logility
Digital Supply Chain Platform allows you to quickly compare
multiple scenarios within the supply chain digital twin to
determine the best path forward for the business building
confidence in the plan moving toward autonomous planning.
“Companies have access to enormous volumes of both structured
and unstructured data however they lack the systems to harness and
turn the information into insights that drive the business,” said
Allan Dow, president, Logility. “Through advances in machine
learning, Logility is able to help supply chains gain precision and
accelerate better decisions on the impact of price changes and
promotions to their supply chain plan.”
About Logility
Accelerating the digital supply chain from product concept to
customer availability, Logility helps companies seize new
opportunities, sense and respond to changing market dynamics and
more profitably manage their complex global businesses. The
Logility Digital Supply Chain Platform leverages an innovative
blend of artificial intelligence (AI) and advanced analytics to
automate planning, accelerate cycle times, increase precision,
improve operating performance, break down business silos and
deliver greater visibility. Logility’s SaaS-based platform
transforms sales and operations planning (S&OP) and integrated
business planning (IBP) processes; demand, inventory and
replenishment planning; global sourcing; quality and compliance
management; product life cycle management; supply and inventory
optimization; manufacturing planning and scheduling; retail
merchandise planning, assortment and allocation. Logility customers
include Big Lots, Fender Musical Instruments, Husqvarna Group,
Parker Hannifin, Verizon Wireless, and VF Corporation. Logility is
a wholly owned subsidiary of American Software, Inc. (NASDAQ:
AMSWA). To learn how Logility can help you make smarter decisions
faster, visit 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: Kevin Liu,
American Software, Inc., (626) 657-0013 or email
kliu@amsoftware.com.
Logility® is a registered trademark of Logility, Inc. Other
products mentioned in this document are registered, trademarked or
service marked by their respective owners.
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version on businesswire.com: https://www.businesswire.com/news/home/20200715005138/en/
Justin Siefert Logility jsiefert@logility.com 404.264.5485
www.logility.com/blog
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