Logility Goes ‘Beyond Inventory Optimization’ In New Podcast Series
Experts Share Best Practices and Real World Experiences to Free Trapped Working Capital and Improve Customer Service
ATLANTA (October 28, 2010) – Logility Inc., a leading supplier of collaborative solutions to optimize the supply chain, has launched an informative and comprehensive podcast series, Beyond Inventory Optimization, which examines the role of inventory optimization to drive value across today’s global supply chains. Each 15 minute episode features a practical discussion on relevant topics for today’s supply chain executives. Currently, seven episodes are available including:
- Episode 1: Why Inventory Optimization?
- Episode 2: Inventory Optimization in Lean Manufacturing Environments
- Episode 3: Root Causes of Excess Inventory
- Episode 4: Getting the Most Out of SKU Rationalization
- Episode 5: Five Core Competencies of Inventory Optimization
- Episode 6 (Part 1): Optimizing Inventory for a Profitable Economic Upturn
- Episode 6 (Part 2): Optimizing Inventory for a Profitable Economic Upturn
- Episode 7: What Every CFO Should Know About Inventory Optimization
- Episode 8: IO Meets ROI: Real World Return on Investment, Featuring Stanley Black & Decker (Coming Soon)
According to a recent report from Consumer Goods Technology, “Inventory Optimization: Delivering More Than Just Inventory Reduction,” 74 percent of respondents identified inventory optimization as a top priority. In the same survey, more than 60 percent said they currently manage this process via spreadsheets, a time consuming and error prone practice. Logility’s Beyond Inventory Optimization podcast series highlights the advanced tools available to turn inventory optimization into a repeatable, manageable process that supports the strategic goals of the company and produces a significant positive impact on the bottom line.
“A key characteristic of best-in-class companies is their success in leveraging inventory optimization to boost customer service and free up working capital,” said Mike Edenfield, CEO and president, Logility. “Our Beyond Inventory Optimization series is a one-stop destination to help develop the expertise one needs to create a more profitable supply chain. Through tools such as Logility Voyager Inventory Optimization, companies can perform multi-echelon inventory optimization (MEIO) across the entire supply chain to identify and free millions of dollars trapped in working capital.”
As companies align inventories for the current economic conditions it is imperative to develop a strategic and flexible growth plan that looks across the supply chain to identify when to adjust inventory levels and at which stage. Companies can no longer afford to simply employ blanket inventory policies that increase or lower inventory across the board or focus optimization efforts on only finished goods. By right-sizing the inventory through service level optimization across all stages of the supply chain
Recognized industry-wide for its rapid implementation, quick ROI, ease-of-use, and ability to solve complex problems, Logility Voyager Solutions is a comprehensive supply chain solution suite which features performance monitoring capabilities 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.
To view the entire podcast series, please visit www.logility.com/library/supply-chain-podcasts.cfm.
About Logility
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 McCain Foods, Pernod Ricard, Sigma-Aldrich, and VF Corporation. Logility is a wholly owned subsidiary of American Software, Inc. (NASDAQ: AMSWA). For more information about Logility, call 1-800-762-5207 or visit www.logility.com.
Forward-Looking Statements
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. Form 10-K for the year ended April 30, 2010 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.
Contact
Logility
Justin Siefert, 404-264-5485
jsiefert@logility.com
Twitter: @logilityinc
Source: Logility
