Product life cycle management optimizes product demand forecasts.
From product launch to product retirement, Logility Voyager Life Cycle Planning™ enables you to forecast market demand for items with little or no performance history to build on. Attribute-based demand modeling helps accurately forecast demand for new product introductions (NPI), short-life or seasonal products and end-of life products. The need for demand visibility is crucial for manufacturers, distributors and retailers that must ensure successful product launches and maximize margins from product sunsets.
Voyager Life Cycle Planning is well-suited to items where sales history may not exist, or may be a poor indicator of future demand. Attribute-based modeling creates demand profiles, profile assignments, ongoing accuracy assessments and automatic forecast revisions. You can quickly model the impact of multiple demand scenarios, consumer buying patterns, and other demand signals. By keeping forecasts accurate and timely, Voyager Life Cycle Planning software ensures that the right products are available at the right times.