Retailers to Evolve and Support their Omni-Channel Strategies
As retailers operate across multiple channels, their business requirements demand more functional capabilities than ever before. According to the research, many retailers are slow to adopt advanced retail planning solutions with more than 60% of respondents relying on spreadsheets or homegrown solutions to meet today’s complex planning and supply chain challenges. These disparate, static solutions prevent retailers from implementing capabilities including unified planning, flexible allocations, real–time inventory visibility, and expanded coordination with suppliers, all required to create a strong foundation for a unified commerce strategy.
- 69% of retailers plan to expand their unified commerce capabilities within three years
- Only 8% of respondents state they have a working cross–channel forecasting method
- 69% of retailers still maintain separate inventory across channels
According to the report, “today’s best–of–breed solutions promote the transfer of inventory where it is needed when it is needed, serving an important foundation for the unified commerce process.” Logility Voyager Solutions delivers the complete breadth of advanced retail supply chain solutions from strategic planning and sourcing to daily execution, and retail store–level replenishment and allocation with an end–to–end synchronized process. These capabilities enable retailers to build the strong foundation the Boston Retail Partners’ research shows is critical to delivering a multi–channel customer experience.
“Retailers face growing pressure to offer a unified, consistent experience from in–store to online and mobile,” said Mike Edenfield, president and CEO, Logility. “Consumer demands will continue to grow and retailers will need to move forward, away from spreadsheets and homegrown solutions, towards advanced retail optimization and supply chain solutions to better serve their customers while also reducing costs. Logility is proud to work with many of the top retail organizations to help them turn these supply chain opportunities into a tangible competitive advantage.”
Download the Report: 2014 Annual Merchandise Planning & Allocation Survey
With more than 1,250 customers worldwide, Logility is a leading provider of collaborative, best–of–breed supply chain and retail optimization 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 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); 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). 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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