Omni-Channel Locations Based on Need and Priority
Many retailers have a time–consuming manual process that statically defines allocation and replenishment lanes based on a one–to–one relationship between distribution center and channel or store location. When merchandise is not available from a predetermined source, the retail location must either wait for its distribution center to replenish inventory or have an analyst manually intervene to accelerate the process. This situation often leads to disappointed customers, lost sales, costly transfers and lower margins. Logility’s Dynamic Multi–Source Allocation and Replenishment algorithm proactively evaluates the entire distribution network to dynamically identify the most cost–effective replenishment location while simultaneously prioritizing channel/store locations based on business rules.
Logility’s Dynamic Allocation and Replenishment algorithmic engine ensures retail goals are met and the channel/location needs are prioritized across the entire network. For example, when shipments to multiple distribution centers are not in sync this can cause some stores to receive merchandise while other, higher priority locations, may not. However, Logility’s Dynamic Allocation and Replenishment can automatically rebalance and prioritize distribution to the right channels/stores without the need for manual intervention. This helps reduce backroom space requirements and accelerate inventory to make sure the right products are available for customers at priority locations.
“Today’s demanding consumers expect the merchandise they want to be available when and where they want to purchase,” said Allan Dow, president, Logility. “With this new algorithm–driven capability, Logility Voyager Retail Optimization helps retailers automatically allocate and replenish merchandise to priority locations; providing each location the maximum amount of time and space to sell merchandise at full price. Retailers are able to minimize costly transfers, decrease markdowns and maximize product profitability while reducing the amount of time each analyst must dedicate to the allocation and replenishment process.”
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, Nebraska Furniture Mart, Parker Hannifin, Tuesday Morning, 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.
Logility is a registered trademark and Logility Voyager Solutions is a trademark of Logility, Inc. Other products mentioned in this document are registered, trademarked or service marked by their respective owners.