ATLANTA (Sept. 12, 2006) Logility (NASDAQ: LGTY), a leading supplier of collaborative solutions to optimize the supply chain, announced that one of its customers, Shaw Industries Group, Inc., has received a 2006 Technology & Business Award for excellence in the Consumer Goods industry from Start-IT Magazine. The award honors manufacturers that have helped their businesses succeed by overcoming a challenge or solving critical business issues through the use of leading-edge technology.
Shaw Industries, a subsidiary of Berkshire Hathaway, is the number-one producer of carpet, rugs, ceramic, hardwood and laminate flooring for residential and commercial applications. The company implemented Logility Voyager Solutions™ to gain better control of its inventory investment by improving the prediction of demand, enabling one-number planning and gaining a better handle on the shifts in the marketplace. With the help of Logility, Shaw was able to improve forecast accuracy and more closely synchronize carpet production which led to an increase in home builders' customer satisfaction levels and a decrease in obsolete inventory.
"We are very excited that Shaw was recognized by Start-IT in the highly competitive consumer goods industry"; said Mike Edenfield, Logility president and CEO. "With Logility Voyager Solutions, Shaw can determine with a higher degree of accuracy (and confidence) what the life of a product will be, how fast the product will catch on, and how quickly the product's popularity will wane, allowing the company to more effectively plan product introductions, analyze price points, optimize inventory investments and bring specific marketplaces into the equation."
Each year Start-IT enrolls an independent panel of distinguished industry experts and financial analysts to choose the prestigious T& B Award winners. The 2006 panel of judges included industry experts and analysts from AMR Research, Manufacturing Insights, Gartner, Industry Directions, ARC Advisory Group and Cyon Research Corp. Award winners will be profiled in the October issue of Start-IT.
About Logility
With more than 1,100 customers worldwide, Logility is a leading provider of collaborative, best-of-breed supply chain solutions that help small, medium, large and Fortune 1000 companies realize substantial bottom-line results in record time. Logility Voyager Solutions is a complete supply chain management solution that features performance monitoring capabilities in a single Internet-based framework and provides supply chain visibility; demand, inventory and replenishment planning; supply and global sourcing optimization; manufacturing planning and scheduling; transportation planning and management; and warehouse management. Logility customers include Bissell, Brown Shoe Company, Huhtamaki UK, McCain Foods, Pernod Ricard, Rand McNally, Sigma Aldrich, and VF Corporation. Logility is a majority owned subsidiary of American Software (NASDAQ: AMSWA). For more information about Logility, call 1-800-762-5207 or visit http://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, changes in general economic conditions, technology and the market for the Company's products and services including economic conditions within the e-commerce markets; the timely availability and market acceptance of these products and services; the effect of competitive products and pricing; the uncertainty of the viability and effectiveness of strategic alliances; and the irregular pattern of the Company's revenues. For further information about risks the Company could experience as well as other information, please refer to the Company's Form 10-K for the year ended April 30, 2006 and other reports and documents subsequently filed with the Securities and Exchange Commission. For more information about risks the Company could face as well as other information, contact Vincent C. Klinges, Chief Financial Officer, Logility, Inc., 470 East Paces Ferry Rd., Atlanta, GA 30305, (404) 261-9777. FAX: (404) 264-5206 INTERNET: http://www.logility.com or E-mail: asklogility@logility.com.