Logility Announces 2019 Accelerator Award Winners
Follett Corporation, Siemens Healthineers, Leupold & Stevens, Jockey International, Inc., and Smithfield Foods, Inc. Recognized for Driving Supply Chain Excellence through People, Process, Technology and Data Initiatives
ATLANTA – April 18, 2019 – Logility, Inc., a leading provider of collaborative supply chain optimization and advanced retail planning solutions, unveiled the recipients of the 2019 Accelerator Awards presented at the 2019 Velocity Conference. This year, Follett Corporation, Siemens Healthineers, Leupold & Stevens, Jockey International, Inc., and Smithfield Foods, Inc. were recognized for leading transformative digital supply chain initiatives that resulted in significant business impact through the innovative use of people, process, technology and data.
This year’s Accelerator Awards recognize a select group of companies that have turned to solutions from Logility, Demand Management, Inc., New Generation Computing, Inc. (NGC) and Halo Business Intelligence to significantly transform and improve their business planning processes, overcome complex supply chain challenges and tap into new data sources. In addition, each company has demonstrated an on-going commitment and leadership role to continuously improve their supply chain and retail operations and embrace digital transformation to accelerate their time to market and boost customer service.
Highlights of the 2019 Accelerator Award winners’ improvements and operational performance include:
Follett – Fall Rush Division. Follett Corporation operates 1,200 on-campus stores and is one of the nation’s largest retailers of college licensed apparel. The Fall Rush Division, available in more than 500 campus stores as well as through online channels, has experienced rapid growth since its launch in August 2018. The company turned to the Andromeda Cloud Platform® from NGC to automate and accelerate its planning processes. Since implementing NGC’s SaaS solution, the Fall Rush Division has reduced cycle times significantly by automating manual processes, improving collaboration and trust with sourcing partners and vendors, and increasing visibility and confidence to move new products to market quickly.
Siemens Healthineers, a leading medical technology company, operates a complex, capital intensive supply chain. Transforming the delivery of patient care, Siemens Healthineers’ digital initiative focuses on optimizing inventory expiry dates to cost-effectively meet customer service goals. Siemens Healthineers turned to Demand Solutions DSX™ cloud platform to optimize inventory investments, improve service levels and create a healthier supply chain for confident and cost-effective patient care. Over the past couple of years the Siemens Healthineers team has noted a marked decreased in expired inventory leading to reduced working capital.
Leupold & Stevens. To stay ahead of rapidly changing customer preferences as well as potential regulatory and tariff risks, Leupold & Stevens, a manufacturer of telescopic sights, red dot sights, spotting scopes, and binoculars, identified an opportunity to become demand-driven as they established a sales, inventory and operations planning (SIOP) process. The company turned to Logility Voyager Solutions™ and today the SIOP process helps align business stakeholders with strategic and operational goals and foster greater collaboration with its partners and suppliers. Since implementing the SIOP process, the company has realized a 25 percent forecast accuracy improvement, increased manufacturing throughput by more than 20 percent and now enjoys a 96 percent match of supply to forecasted demand.
Jockey International, Inc., an iconic apparel brand highly regarded for its underwear, activewear, loungewear and sleepwear identified an opportunity to improve visibility into vendor performance and drive increased collaboration. With NGC’s Andromeda Cloud Platform, Jockey is able to create a connected enterprise spanning internal departments and external partners to provide a single version of the truth for Jockey which has helped reduce cycle time by up to 30 percent for new product introductions. The increased visibility across merchandising, design, product, material development, sourcing and quality enables Jockey to closely measure and monitor vendor performance and score carding. Leveraging the NGC Andromeda® platform has helped free up key resources that can now focus on more strategic activities and accelerate bringing new products to market every season.
Smithfield Foods, a global food company and the world’s largest pork processor and hog producer, embarked on a supply chain transformation journey to drive operational efficiencies and establish core planning processes and principles across its brand network. The company operates a highly complex supply chain with 45 facilities in the United States exporting product to more than 40 countries around the world. Smithfield worked with Logility Voyager Solutions to support its strategic supply chain transformation and the company’s goals to reduce complexity and gain visibility. It now has comprehensive planning visibility and synchronization from demand through inventory, supply and production. In addition, Smithfield has increased planning automation and gained confidence in the planning process across the organization.
“The 2019 Accelerator Awards highlight how forward-thinking organizations are able to drive tangible improvements in their supply chain and retail planning initiatives by aligning people, process, innovative technology and a variety of data sources,” said Allan Dow, president, Logility. “We are honored to recognize each company for their impressive achievements and look forward to working with them to support their ongoing digital supply chain transformation initiatives.”
(Photos from 2019 Velocity Conference)
Accelerating the digital supply chain from product concept to customer delivery, 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 Software-as-a-Service (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; and 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), named one of the 100 Most Trustworthy Companies in America by Forbes. 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.
Logility® is a registered trademark and Logility Voyager Solutions™ is a trademark of Logility, Inc.; Andromeda® and Andromeda Cloud Platform® are registered trademarks of New Generation Computing, Inc.; and DSX™ is a trademark of Demand Management, Inc. Other products mentioned in this document are registered marks, trademarks or service marks of their respective owners.