According to the report, “more so than almost any other supply chain application, IO [inventory optimization] solutions can have a huge impact on a company’s finances.” Multi–echelon inventory optimization (MEIO) solutions such as Logility Voyager Solutions help companies balance inventory (form and function) with service levels to reduce working capital trapped in the supply chain. Logility was praised for its advanced functionality, mathematical openness and extensive built–in analytics.
“Leading vendors of inventory optimization solutions such as Logility offer a high return on investment by helping companies streamline inventory across their entire supply chain,” said James Cooke, principal analyst, Nucleus Research. “Our research shows inventory optimization can lead to inventory reductions of up to 30 percent. Through the evaluation, we found Logility to stand out in areas such as usability, integrated analytics, and transparency in the math behind the solution.”
Highlights from the Report
- “[Logility] Voyager Inventory Optimization has a high degree of functionality for users to optimize inventory mix and positioning along designated service levels.”
- “Unlike many competitors, Logility shares the math behind the inventory optimization algorithms, thus allowing supply chain planners to build confidence in the calculations.”
- A “distinguishing feature that sets [Logility] Voyager apart from competitors is its advanced analytics.”
“Whether a company is focused on cutting costs or driving more profitable growth, optimizing inventory investments to achieve the right balance between cost and service will help achieve its goals and build an operationally–sound business plan,” said Allan Dow, president, Logility. “Logility’s award–winning inventory optimization solution has helped companies release millions of dollars in trapped working capital by right–sizing inventory levels across the entire supply chain while improving customer service levels at the same time. We are pleased to see Nucleus Research recognize our efforts to help companies quickly solve their multi–echelon inventory challenges.”
Logility’s inventory optimization solution is based on work pioneered at Massachusetts Institute of Technology by Dr. Sean Willems, chief scientist at Logility and professor and Haslam Chair in Business Analytics and Statistics at the University of Tennessee, and Dr. John Ruark, vice president of optimization development, Logility. This work has been widely recognized by both the Franz Edelman Award for Achievement in Operations Research and Management Sciences as well as the Daniel H. Wagner Prize for Excellence in Operations Research Practice.
Source: “Inventory Optimization Value Matrix 2016,” James Cooke, Nucleus Research (Download Your Copy at: https://bit.ly/1r9S2GS)
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); 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.
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.