Logility Enhances Demand Sensing and Advanced Analytics for Retail
January 14 2019 - 8:30AM
Business Wire
Innovations in Machine Learning and Artificial
Intelligence Help Tap into Multiple Demand Signals to Sense and
Respond with Greater Precision
Logility, Inc., a leading provider of advanced retail planning
and collaborative supply chain optimization solutions, continues to
deliver innovations that help retail and consumer goods businesses
serve a more demanding consumer. At NRF 2019, Logility unveiled new
advanced demand sensing and analytics capabilities to sense and
respond with greater precision. Utilizing advanced artificial
intelligence (AI) and machine learning (ML) techniques, Logility
Voyager Solutions™ uncovers the hidden opportunities within both
structured and unstructured data sources (demand signals) to help
retailers sense and respond to the rapid shifts in consumer
behavior and preferences.
Today, retailers are challenged to ensure each location and
channel is able to profitably serve its consumers by placing the
right merchandise at the right place at just the right time.
Historically, retail planning teams might have to wait four or more
weeks to receive sales and shipment information. Often, especially
in fashion retail, this was too late as the planning team would be
onto the next collection. Logility’s enhanced demand sensing
capabilities allow retailers to tap into data such as point of sale
(POS), competitive pricing and promotions, as well as syndicated
data sources such as weather and new housing starts to generate a
more accurate demand forecast. This information helps retailers and
consumer products companies sense market opportunities and deploy
inventory based on precise allocation and replenishment plans by
channel/location to ensure consumers are able to purchase the
merchandise they want, when and where they want it.
Logility’s machine learning algorithms utilize multiple demand
signals to sense changes and automatically adjust the forecast and
replenishment plans. The result is that Logility’s demand sensing
improves short-term forecasting by up to 40 percent while enabling
organizations to have a leaner inventory deployment strategy,
increased inventory turns and a greater than 10 percent customer
service level improvement.
“Retail is about speed and the ability to cost effectively
delight consumers across multiple channels,” said Allan Dow,
president, Logility. “We are bringing greater precision to retail
forecasting and allowing planners to focus on the results and not
the process. By turning data into action and automating routine
processes we can significantly collapse planning cycles, remove
risk and increase confidence in the plans.”
To learn more, Logility invites attendees of NRF 2019: Retail’s
Big Show to stop by booth #4523.
About Logility
Accelerating the digital supply chain from product concept to
customer delivery, Logility helps companies seize new
opportunities, sense and respond to changing market dynamics and
more profitably manage their complex global businesses. Logility
Voyager Solutions™ leverage 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), named one of the 100 Most
Trustworthy Companies in America by Forbes. 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: 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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version on businesswire.com: https://www.businesswire.com/news/home/20190114005080/en/
Justin
SiefertLogilityjsiefert@logility.com404.264.5485www.logility.com/blog
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