To satisfy today’s demanding consumers, innovative retailers are striving to streamline operations, automating where appropriate and sharpening the accuracy of their demand planning, allocation and replenishment processes. Disconnected legacy systems inhibit collaboration between operations, merchandising and financial teams, and the disadvantage is compounded wherever there is a reliance on spreadsheets or manual processes.
One innovative retailer, Groupe Dynamite, a Montreal–based fast–fashion retailer with more than 380 locations around the world for its two brands, Dynamite and Garage, has broken down these silos. The company realized its previous forecasting, allocation and replenishment processes relied on heavy manual intervention that would not scale to meet its global expansion across North America and the Middle East. Generating accurate demand plans is a key to success and planning early in the cycle leads to faster sell–through, fewer markdowns and better gross margins. Best–in–class companies have overcome these challenges by turning to Logility to generate a weekly forecast and automatically allocate and replenish based these projections.
To stay ahead of rapidly changing fashion trends and shorter seasons, Groupe Dynamite wants to sell through its inventory in six to eight weeks, while optimizing initial store allocations, improving service levels, and automating processes where possible to free its internal resources to be more strategic. The company implemented Logility Voyager Solutions™ and has achieved significant results including:
- Automated 80 percent of the replenishment process
- Reduced store–level size variance by more than 30 percent
- Decreased store–level initial allocation from 70 to 50 percent, giving the business more flexibility
Hear more about Groupe Dynamite’s journey in the on–demand webcast, Groupe Dynamite’s In–Stock Edge.
Modell’s Sporting Goods, America’s oldest, family–owned and operated retailer of sporting goods, athletic footwear, active apparel, and fan gear, turned to Logility to improve in–stock performance and accelerate inventory turns for its highly seasonal merchandise portfolio. In addition, the retailer turned to Voyager Solutions to manage forecasts at the SKU/location level through the use Logility’s dynamic forecasting engine. Within just four months Modell’s Sporting Goods realized impressive results including an in–stock availability of 95 percent, a significant improvement in forecast accuracy to an average of 85 percent and reduced inventory investment by up to 20 percent.
“Retailers are faced with several market and business challenges from delivering a consistent multi–channel experience to improving margins and inventory turns,” said Chuck Miller, vice president, retail optimization strategy, Logility. “Managing a portfolio of disconnected spreadsheets should not be one of them. Logility Voyager Solutions helps break down silos by providing a single platform to deliver increased visibility and accuracy across the organization. Logility’s advanced retail planning solution automates core tasks and provides optimization recommendations for the more difficult retail supply chain challenges freeing up your valuable planning resources to have more time to solve new challenges.”
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.