Logility Transforms Network Optimization with AI-Powered Dynamic Inventory Modeling
16 Aprile 2024 - 1:47PM
Business Wire
Enhanced network optimization delivers a more
holistic view by solving for the best supply
chain configuration while simultaneously calculating inventory
levels
Logility, Inc., a leader in AI-first supply chain planning
solutions, today announced dynamic inventory modeling capabilities
as a new function of its cloud-based (SaaS) Logility® Digital
Supply Chain Platform. Developed to better manage inventory costs,
which are the second highest logistics costs after freight, as well
as complex inventory-related issues, dynamic inventory modeling
features a wealth of inputs not included in classic network
optimization models. With this new capability, network optimization
can solve for the optimal network configuration while accounting
for inventory related costs and storage capacity constraints.
The Logility® Digital Supply Chain Platform leverages artificial
intelligence (AI), machine learning (ML) and automation to
routinely sense, analyze, and update activity in the digital supply
chain, helping to ensure peak operational performance at all times.
By considering inventory alongside network decisions, business
leaders gain a more holistic view of their supply chain with a more
optimized network design that accounts for the impact of inventory
flows across the entire supply chain.
Dynamic inventory modeling provides faster reasonable answers
without iterative processing, by creating “curve fit” solutions
without compromising accuracy.
“We continue to see growing industry demand for improved cost
transparency and overall supply chain inventory optimization.
Inventory remains a massive cost area for most supply chain
organizations and inventory pricing models are often complex,
costly, and inefficient,” said Kevin McInturff, Logility Chief
Technology Officer. “We’re meeting the needs of today's supply
chain leaders by providing a more holistic view of their inventory
for faster, more informed decision making and network optimization
by providing a more comprehensive, cost-effective solution.”
To learn more about network optimization and our Digital Supply
Chain Platform, please visit
https://www.logility.com/solutions/network-optimization/network-optimization/
About Logility
Logility’s Digital Supply Chain Platform delivers optimized
demand, inventory, manufacturing, and supply plans – helping to
provide executives the confidence and control to increase margins
and service levels, while delivering sustainable supply chains.
Designed for speed and agility, Logility’s cloud-based platform
provides an innovative blend of artificial intelligence (AI) and
predictive analytics to help deliver integrated planning and
operations across the end-to-end supply chain. Our prescriptive
approach drives team alignment for over 650 clients in 80 countries
with prioritized outcomes designed to create demonstrable value.
Logility is a wholly-owned subsidiary of American Software, Inc.
(NASDAQ: AMSWA). Learn more at logility.com.
Forward-Looking Statements
This press release contains forward-looking statements that are
subject to substantial risks and uncertainties. References below to
the company means Logility, Inc. There are a number of factors that
could cause actual results or performance to differ materially from
what is anticipated by statements made herein. These factors
include, but are not limited to, continuing U.S. and global
economic uncertainty and the timing and degree of business
recovery; the irregular pattern of the Company’s revenues;
dependence on particular market segments or clients; competitive
pressures; market acceptance of the Company’s products and
services; technological complexity; undetected software errors;
potential product liability or warranty claims; risks associated
with new product development; the challenges and risks associated
with integration of acquired product lines, companies and services;
uncertainty about the viability and effectiveness of strategic
alliances; American Software, Inc.’s ability to satisfy in a timely
manner all Securities and Exchange Commission (SEC) required
filings and the requirements of Section 404 of the Sarbanes-Oxley
Act of 2002 and the rules and regulations adopted under that
Section; 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 SEC. For more information, contact:
Kevin Liu, American Software, Inc., (626) 657-0013 or email
kliu@amsoftware.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240416753776/en/
Tara Blakeman Press@Logility.com
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Da Gen 2024 a Gen 2025