According to the survey, 30 percent identified the need to respond to customer mandates for faster, more accurate and unique fulfillment as a top business priority moving forward. This requires access to the right supply chain information when and where you need it and the ability to derive quick insights from Big Data. However, many companies still rely on spreadsheets and legacy systems which inhibit visibility and hide both the opportunities as well as the potential risks.
- 36% identify the opportunity to optimize their inventory to balance supply and demand as a top driver for their analytics initiative
- 30% highlighted the need to respond to customer mandates for faster, more accurate and unique fulfillment as a top business priority moving forward
- 28% see the ability to blend data from multiple systems for complete supply chain visibility as a key benefit of an advanced analytics initiative
- 19% of respondents say they want to leverage machine learning to improve their company's forecast accuracy
"Organizations can quickly become overwhelmed by the vast amount of data today's enterprise systems, connected devices and social networks create," said Allan Dow, president, Logility. "Leading organizations around the world have turned to Logility's advanced analytics platform to make smarter decisions faster through greater visibility and leveraging predictive and prescriptive analytics to drive their businesses forward. Through the innovative use of artificial intelligence and machine learning we are able to better understand the dynamics that impact business, quickly uncover new opportunities and enhance customer service."
To learn what specific business outcomes your organization can achieve through the application of advanced analytics watch the on–demand webcast: Accelerate Supply Chain Performance Using Advanced Analytics.
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 advanced analytics 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; and retail merchandise planning 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. 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.