Today’s retailers are in a midst of a transformation with consumer behavior and mobile technology drastically changing the way customers shop. Today’s consumers are more informed and they demand merchandise is available when and where they want it. These changes require retailers to adopt a new way of thinking that places the customer at the center and to incorporate innovative approaches that deliver a consistent experience across all channels. According to the report, “pursuing an omni–channel model requires retailers to break out of these repeated planning cycles and silos to share insights across the enterprise and react to trends in real–time.”
In addition, the report highlights the continued dominance of spreadsheets as the primary tool for planning. Moving in the right direct, the research notes many retailers have implemented initiatives to replace their antiquated and error prone spreadsheets with more effective applications. For example, retailers around the world have turned to Logility Voyager Solutions™ to optimize their end–to–end retail planning to break down their operational silos and deliver visibility across the entire retail operation.
- 42% of planning still occurs separately within each channel, which indicates organizations still operate in distinct silos
- 69% of retailers indicate plans to implement or upgrade to a new application in the next five years
- 46% of retailers rely on a homegrown app or spreadsheets for merchandise planning
“Today’s consumers own the shopping journey and this forces retailers out of their traditional comfort zone,” said Karin Bursa, executive vice president, Logility. “BRP’s research highlights the urgency for retailers to realign their business processes and technology to support the omni–channel journey. The ability to use advanced capabilities such as social sentiment analysis and multi–source distribution and allocation helps set retail leaders apart from those that struggle to stay ahead of the always–on consumer. Logility Voyager Solutions provides leading retailers an integrated retail platform to streamline planning, boost sales, increase margins and identify key priorities to better meet the needs and demands of today’s consumers.”
Download the Full Report: 2017 Merchandise Planning Survey: logilityinc.wpengine.com/BRP2017prls.
With more than 1,300 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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