Logility Issued Patent for Advanced Supply Chain Planning Functionality
Logility, Inc., a leading provider of collaborative supply chain optimization and advanced retail planning solutions, today announced it was issued Patent No. US 8,768,790 B2 entitled “Product-Family Inventory Replenishment System Using A Composite Product Mix Framework” by the United States Patent and Trademark Office.
Supply chain solutions traditionally build demand curves based on two factors: demand forecast and customer orders which generate adequate curves for demand planning and may result in higher inventory for sourced goods. With this patent, Logility Voyager SolutionsTM is able to develop composite curves that integrate demand, customer orders and inventory. These curves disaggregate a high level replenishment quantity to deliver a more accurate total plan.
When a minimum is required by a supplier, companies will proportionally increase a replenishment order to meet the minimum. For many companies, this approach can and has led to inflated inventory. With Logility Voyager Solutions, companies are able to take advantage of composite curves that look at history and multiple attributes to satisfy the supplier minimum requirement to balance inventory with future demand. Supply orders can now be planned at the aggregate level while they are scheduled at the detail level. The composite curve technology can also be applied to other replenishment areas where a planning process involves a hierarchical network relationship.
“This patent further emphasizes the unique advanced capabilities to optimize complex sourcing and production decisions that companies will only find in Logility Voyager Solutions,” said Mike Edenfield, president and CEO, Logility. “The use of composite curves allows companies to plan at higher levels of aggregation such as style and style/color and execute at more granular levels such as SKU. This drives increased productivity and precision while reducing working capital and improving service levels.”
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 Abercrombie & Fitch, 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 http://www.logility.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.
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