The Role of Inventory in Sales and Operations Planning Front and Center at Gartner Supply Chain Executive Summit
ATLANTA — May 15, 2014 — Logility Inc., a leading supplier of collaborative solutions to optimize the supply chain, announces Sean Willems, Ph.D., associate professor of Operations Management at Boston University’s School of Management and Chief Scientist at Logility, will discuss the importance of inventory optimization within the sales and operations planning (S&OP) process at the Gartner Supply Chain Executive Summit in Phoenix, AZ. The session, “Inventory Optimization and S&OP Achieve Step–Change Supply Chain Improvement” will occur Wednesday, May 21, 2014 at 11:30 AM Phoenix local time in Grand Canyon 5 at the JW Marriott Phoenix Desert Ridge Resort & Spa.
Sales and operations planning began as a process to reconcile demand and supply. Inventory was considered an output of this process and did not have an equal seat at the S&OP table. However, advances such as inventory optimization (IO) provide powerful performance levers that help free up working capital while improving service levels, making inventory a critical part of the S&OP process. Today leading companies employ IO on two levels. At a tactical level they can scientifically calculate inventory targets across the entire supply chain. At a strategic level, the SI&OP (sales inventory and operations planning) process determines the most profitable balance between working capital and service level to meet demand.
This session utilizes lessons from real implementations to deliver attendees a clear picture of the impact of IO on the S&OP process. It crystalizes more than a decade of IO experience, results from tactical implementations and examples of postponement in action, supplier selection, and service level differentiation. Dr. Willems will uncover how and why inventory optimization succeeded in these examples and share best practices for the audience to share with their teams.
Who: Sean Willems, Ph.D. associate professor of Operations Management at Boston University’s School of Management
What: Inventory Optimization and S&OP Achieve Step–Change Supply Chain Improvement
When: Wednesday, May 21, 2014 at 11:30 AM Phoenix local time
Where: Gartner Supply Chain Executive Summit in Phoenix, AZ
Recognized industry–wide for its rapid implementation, quick ROI, ease–of–use, and ability to solve complex problems, Logility Voyager Solutions is a comprehensive software–as–a–service (SaaS) and on premise based supply chain solution suite which features built in analytics to increase supply chain visibility and boost performance in key areas including demand, inventory and replenishment planning, sales and operations planning (S&OP), manufacturing planning and scheduling, supply and inventory optimization, transportation planning and management, and warehouse management.
With more than 1,250 customers worldwide, Logility is a leading provider of collaborative, best–of–breed supply chain 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 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; transportation planning and management; and warehouse management. Logility customers include 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.