Halo Redefines Demand Sensing to Boost Supply Chain Performance
March 25 2019 - 8:40AM
Business Wire
Halo Demand Sensing Leverages Artificial
Intelligence to Create Precise Daily Forecasts and Accelerate
Response to Events and Opportunities
Halo, the supply chain advanced analytics platform of Logility,
Inc., today announced the release of Halo Demand Sensing, an
innovative solution that leverages artificial intelligence (AI) and
multiple data streams to create an accurate sense-and-respond
forecast to increase margins and optimize inventory deployment.
Halo Demand Sensing builds on traditional approaches to accelerate
decision-making for improved service levels, reduced inventory
investment and increased profitability across retail, consumer
goods, consumer electronics, and food and beverage industries.
Using machine learning-based methods for forecasting, Halo
Demand Sensing creates highly accurate daily forecasts in response
to real-world events and has shown to improve short-term
forecasting accuracy by up to 40 percent compared to traditional
time-series forecasting techniques. In addition, this new solution
can improve customer service levels by 10 percent through quicker,
more strategic production and inventory deployment, as well as
accelerated cycle times, increased visibility into event and
promotional activity, and early warnings of potential product or
service issues.
“Supply chain teams face growing product assortments and the
challenge of balancing profitability and service level across
multiple channels,” said Keith Peterson, president, Halo. “Halo
Demand Sensing helps companies harness short-term demand signals to
more effectively deploy inventory into high-priority channels and
locations. Through Halo Demand Sensing supply chain teams can
create an accurate two-to-six week rolling daily demand profile and
support a short-term inventory deployment plan with greater
confidence and agility than traditional demand sensing solutions.
This ability to more effectively sense and respond to short-term
market need drives incremental tangible value for our
customers.”
The ability to quickly sense and respond to demand changes is a
critical capability in the race to meet and exceed ever-increasing
customer service requirements across multiple channels. Companies
leading the demand-driven revolution use demand sensing to reduce
latency in demand signals and approach near real-time channel
sensing. These innovative demand sensing capabilities are available
now and can be leveraged across the Logility Voyager Solutions™,
Demand Solutions® and Halo portfolio to enhance supply chain
performance.
About Halo
Halo’s supply chain advanced analytics platform leverages an
innovative blend of artificial intelligence and machine learning
technology to drive greater supply chain performance. Halo’s
Advanced Information Hub is a first-of-its kind solution to help
companies leverage enterprise data to generate new insight for
competitive advantage. Halo customers include Aaron’s, Leatherman
Tool Group and SweetWater Brewing. Halo is a division of Logility,
Inc., which is a wholly-owned subsidiary of American Software, Inc.
(NASDAQ: AMSWA), named one of Forbes Magazine’s 100 Most
Trustworthy Companies in America. For more information, please
visit www.halobi.com, Twitter (@Halo_BI) or email at
info@halobi.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 Halo’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.
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version on businesswire.com: https://www.businesswire.com/news/home/20190325005415/en/
Halo, a division of Logility, Inc.Daniel Bachar,
858-609-0740daniel.bachar@halobi.com
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