Logility, Inc., automating the digital transformation of supply chain optimization and advanced retail planning, has been named a Leader in the recently published IDC MarketScape: Worldwide Supply Chain Demand Planning 2019 Vendor Assessment (doc # US45672017e, December 2019). Published by Simon Ellis, global vice president for the IDC Manufacturing Insights Supply Chain Strategies Practice, this IDC MarketScape is a quantitative and qualitative assessment of the characteristics that explain a vendor's success in the supply chain inventory optimization (IO) space and helps assess current and anticipated performance in the marketplace. Within the worldwide market, the IDC MarketScape methodology named Logility a Leader.
According to the report, "Growing complexity in the supply chain has made inventory planning more challenging, both as a consequence of often larger demand forecast error and as a lack of full visibility into supply issues and constraints."
The Logility Digital Planning Platform allows businesses to optimize inventory strategies with improved profitability, increased customer satisfaction and available working capital. The platform’s multi-echelon inventory optimization (MEIO) capabilities use an innovative blend of artificial intelligence (AI) and machine learning to balance cost and service to ensure the right levels of the correct stock are at the right places, and at a precise time. Using the Logility Digital Planning Platform, leading supply chains around the world have reduced their inventory investments between 10 to 30 percent while tangibly improving customer service levels.
"Inventory Optimization can have a significant financial impact by freeing up working capital while boosting service and minimizing inventory," said Karin Bursa, executive vice president, Logility. "Our position as a Leader in this IDC MarketScape recognizes Logility’s continued investment to deliver transformative supply chain solutions that accelerate decision-making, evaluate multiple business scenarios and help fuel more profitable growth for our customers."
To view the full IDC MarketScape: Worldwide Supply Chain Inventory Optimization 2019 Vendor Assessment, please visit: https://go.logility.com/WEB/IDC-MarketScape/IO/20200228.
About IDC MarketScape
About IDC MarketScape: IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
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. 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). To learn how Logility can help you make smarter decisions faster, visit www.logility.com.
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.
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