Atlanta (Sept. 10, 2007) – Logility, Inc. (NASDAQ: LGTY), a leading supplier of collaborative solutions to optimize the supply chain, today announced that Lance, Inc. (NASDAQ: LNCE), one of the nation’s largest producers and distributors of snack foods, recently deployed Logility Voyager Solutions™ to improve the efficiency of its supply chain as it continues to grow its brands and distribution.
“Lance continues to experience growth in a variety of product categories and distribution channels,” said Greg Wolljung, VP Service & Distribution, Lance, Inc. “To support this growth, we focused on implementing a strategy that would ensure that we increase efficiencies within our supply chain as we integrate new products into our inventory mix. We selected Logility Voyager Solutions as the technology solution to help enable this process and gain measurable improvements in forecast accuracy and inventory planning.”
The deployment of Logility Voyager Solutions will enable Lance to get the right products to the right place at the right time by giving them the ability to improve inventory management for Direct Store Distribution as well as reduce inventory through a more consistent and systematic application of approved stocking policies. With Logility, Lance will gain more visibility into market demand which will lead to increased forecast accuracy and optimized inventory levels. The company will also have the ability to automatically calculate time-phased inventory plans which will help Lance prevent inventory redundancies and obsolescence.
“Growth creates additional supply chain challenges for food and beverage companies as new products are brought into the mix, additional manufacturing facilities are brought online and distribution routes are increased,” said Mike Edenfield, CEO and president, Logility. “By transforming their supply chain into an efficient and flexible network with Logility, Lance is building a platform to support more profitable growth.”
About Lance, Inc.
Lance, Inc. (NASDAQ: LNCE), headquartered in Charlotte, NC, manufactures and markets snack foods throughout much of the United States and other parts of North America. The Company's products include sandwich crackers and cookies, crackers, potato chips, cookies, sugar wafers, nuts, candy and other salty snacks. Lance has manufacturing facilities in North Carolina, Georgia, Florida, Texas, Iowa, Massachusetts and Ontario, Canada. Products are sold under the Lance, Cape Cod and Tom's brand names along with a number of private labels and third party brands. The Company's products are distributed through a direct-store-delivery system of approximately 1,500 sales routes, a network of independent distributors and direct shipments to customer locations. Lance products are distributed widely through grocery stores, convenience stores, mass merchants, food service outlets, and other channels. For more information on Lance, visit the Company's website at http://www.lance.com/.
About Logility
With more than 1,200 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; Sales and Operations Planning (S&OP); supply and global sourcing optimization; manufacturing planning and scheduling; transportation planning and management; and warehouse management. Logility customers include 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, 2007 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.
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