Logility and Remy International to be Featured in Institute of Business Forecasting Webcast
Logility (January 11, 2007) – Logility, Inc. (NASDAQ:LGTY) , a leading supplier of collaborative solutions to optimize the supply chain, will be featured along with Remy International in a Jan. 17 Institute of Business Forecasting (IBF) webcast.
The IBF webcast “Remy International Jump Starts Inventory Management” will be held on Jan. 17 at 1:00 p.m. EST and will focus on how companies can improve forecast accuracy and reduce excess inventory. Steve Brown, director of supply chain, Remy International, will discuss how Remy created a one- number plan to improve forecast accuracy of both sales and reverse logistics, and significantly reduce inventory.
Webcast participants will also learn how Remy deployed Logility Voyager Solutions(TM) and:
— Reduced finished goods inventory by more than 30%
— Improved service level from 97.8% to 99.6%
— Achieved core returns forecast error of less than 5%
— Established a formal Sales and Operations Planning process
Logility Voyager Solutions is a complete supply chain management solution that features performance monitoring capabilities in a single Internet-based framework and provides supply chain visibility; demand, inventory and replenishment planning; supply and global sourcing optimization; manufacturing planning and scheduling; transportation planning and management; and warehouse management.
For more information and to register for the webcast, visit www.ibf.org .
About the Institute of Business Forecasting (IBF)
The Institute of Business Forecasting (IBF) is recognized worldwide as a full-service provider of forecasting, demand planning, supply chain research and education. In addition to its webinars and onsite events, the IBF provides a certification program that offers two designations, Certified Professional Forecaster (CPF) and Advanced Certified Professional Forecaster (ACPF). The organization calls many of the world’s largest companies as its members. The IBF publishes the Journal of Business Forecasting (JBF) as well. This is a publication geared towards practitioners in the field. With its vast array of educational information, the IBF can help you improve forecasting performance, and consequently, your bottom line.
Source: Logility
