Retailers are struggling to identify the right merchandise to sell and to ensure that right products are available when and where the consumer wants them at the right price. While significant investment and progress has been made on improving the in–store experience for consumers (point–of–sale, mobile, kiosks), retailers continue to utilize ineffective and disconnected planning applications that hinder the ability to deliver a truly seamless experience for customers and enable better leverage of available inventory investments. According to the report, “most retailers still plan channels individually and maintain separate assortments and inventories for [store, online and wholesale channels].” The research also highlights, “The inability [of retailers] to fully embrace integrated systems will inhibit efforts to provide a truly omni–channel retail model.”
Leading retailers have turned to Logility Voyager Solutions™ to optimize their operations from consumer to distribution center to sourcing and manufacturing, while synchronizing merchandise financial plans with customer demand at each retail location. Logility’s robust, integrated retail planning and optimization solution encompasses merchandise, , assortment, allocation and replenishment planning onto an integrated platform that helps automate and simplify today’s complex retail business environment. Built–in advanced analytics drive more intelligent decision making through actionable, visual alerts that help them better understand the drivers of their business, evaluate multiple “what–if” scenarios and stay ahead of potential disruptions in their operation. Logility is uniquely positioned to help retailers across their end–to–end planning requirements through a comprehensive integrated platform that encompasses retail, supply chain and integrated business planning.
- 71% of retailers do not have formal omni–channel demand planning processes
- 82% of retailers offer different assortments across channels
- 65% have plans to upgrade their merchandise planning system while 50% plan to upgrade their allocation planning solution
“Consumers expect a consistent experience across the retail channels of their choice or they will take their business elsewhere without thinking twice,” said Allan Dow, president, Logility. “Our sponsorship of this research is part of our commitment to help identify the key challenges retailers face and deliver the solutions that solve the industry’s complex planning needs. The Boston Retail Partners 2016 survey highlights the need for retailers to leverage integrated planning systems, such as Logility Voyager Solutions, to deliver a synchronized retail planning, allocation and store replenishment process that boosts sales, increases margins and reduces inventory costs.”
Download the Full Report: 2016 Merchandise Planning Survey
With more than 1,250 customers worldwide, Logility is a leading provider of collaborative supply chain optimization and advanced retail planning solutions that help small, medium, large, and Fortune 500 companies realize substantial bottom–line results in record time. Logility Voyager Solutions is a complete supply chain management and retail optimization solution that features a performance monitoring architecture and provides supply chain visibility; demand, inventory and replenishment planning; Sales and Operations Planning (S&OP); Integrated Business Planning (IBP); supply and inventory optimization; manufacturing planning and scheduling; retail merchandise planning and allocation; and transportation planning and management. Logility customers include Big Lots, Fender Musical Instruments, 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. For more information about Logility, call 800–762–5207 USA or visit https://logilityinc.wpengine.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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