New AberdeenGroup Research Finds Best of Breed Demand Forecasting Systems Increase Forecast Accuracy Rates
Logility sponsored research finds that consumer goods companies with best of breed forecasting systems are three times more likely to have forecast accuracy above 70%
ATLANTA (Jan. 17, 2007) Logility, Inc. (NASDAQ: LGTY), a leading supplier of collaborative solutions to optimize the supply chain, announced today that it has sponsored a new AberdeenGroup research report, "Demand Management in Consumer Industries." The new Aberdeen report focuses on technology strategies for managing demand and finds that consumer goods companies are experiencing higher returns from best of breed demand management technology.
"Among the consumer goods companies we surveyed, those that have the ability to sense changes in consumer demand faster and respond quicker are able to achieve rapid results." said Nari Viswanathan, research director, supply chain at AberdeenGroup. "Our research shows that technology solutions that enable collaborative demand planning, demand shaping and product lifecycle forecasting help companies significantly reduce inventory and improve gross margins."
Aberdeen surveyed 150 companies in consumer industry enterprises, including consumer packaged goods, apparel, consumer electronics, consumer durables, and food and beverage, and found that companies using demand management technology are seeing improved market share and gross profit margin increases. According to the report, "the top two pressures driving companies to improve demand management are poor forecast accuracy resulting in increased inventory costs and a dynamic consumer demand and volatile marketplace." The report also finds that "companies using best of breed demand forecasting systems are 3 times more likely than other companies to have forecast accuracy above 70%."
"The Aberdeen research findings validate the significant returns that come from investing in a best of breed supply chain technology solution to increase visibility and more accurately predict market demand," said Mike Edenfield, president and CEO, Logility. "Logility's customers consistently achieve higher forecast accuracy rates than companies that do not have a best of breed forecasting system in place. With Logility Voyager Solutions™ our customers achieve a rapid ROI and gain a competitive advantage through increased forecast accuracy, reduced supply chain costs and improved product availability."
Visit http://www.logility.com to download a complimentary copy of the complete AberdeenGroup research report, "Demand Management in Consumer Industries."
"Among the consumer goods companies we surveyed, those that have the ability to sense changes in consumer demand faster and respond quicker are able to achieve rapid results." said Nari Viswanathan, research director, supply chain at AberdeenGroup. "Our research shows that technology solutions that enable collaborative demand planning, demand shaping and product lifecycle forecasting help companies significantly reduce inventory and improve gross margins."
Aberdeen surveyed 150 companies in consumer industry enterprises, including consumer packaged goods, apparel, consumer electronics, consumer durables, and food and beverage, and found that companies using demand management technology are seeing improved market share and gross profit margin increases. According to the report, "the top two pressures driving companies to improve demand management are poor forecast accuracy resulting in increased inventory costs and a dynamic consumer demand and volatile marketplace." The report also finds that "companies using best of breed demand forecasting systems are 3 times more likely than other companies to have forecast accuracy above 70%."
"The Aberdeen research findings validate the significant returns that come from investing in a best of breed supply chain technology solution to increase visibility and more accurately predict market demand," said Mike Edenfield, president and CEO, Logility. "Logility's customers consistently achieve higher forecast accuracy rates than companies that do not have a best of breed forecasting system in place. With Logility Voyager Solutions™ our customers achieve a rapid ROI and gain a competitive advantage through increased forecast accuracy, reduced supply chain costs and improved product availability."
Visit http://www.logility.com to download a complimentary copy of the complete AberdeenGroup research report, "Demand Management in Consumer Industries."
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.
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