Logility Newest Release Advances Artificial Intelligence and Machine Learning Across SaaS Platform
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The introduction of advanced AI and ML capabilities in the Logility Digital Supply Chain Platform can significantly enhance the efficiency and responsiveness of supply chains. The InventoryAI+ Dashboard and Probabilistic Inventory Planning features represent a notable shift towards more adaptive and intelligent inventory management. By employing statistical analysis to address irregular demand patterns, businesses can optimize safety stock levels, potentially reducing carrying costs and mitigating stockouts.
Furthermore, the Manufacturing Optimization tool's improved cloud configuration and onboarding process could lead to reduced IT overhead and a smoother start-up experience for new clients. This is particularly relevant for businesses looking to scale operations or transition to cloud-based supply chain solutions with minimal disruption.
From a corporate responsibility perspective, the new cancel compliance form capability within the Vendor Management application is a critical addition. This feature enhances corporate governance by allowing for better management of vendor compliance processes. It is particularly beneficial for businesses that are keen on maintaining high ethical standards and transparency with stakeholders, as it facilitates the monitoring and enforcement of compliance in real-time.
The ability to capture and manage legal compliance violation information also strengthens a company's capability to adhere to regional and international regulations. This functionality is crucial for maintaining brand integrity and can help companies avoid potential legal and financial repercussions associated with compliance breaches.
From a financial standpoint, the integration of these new features into the Logility platform could have implications for the company's revenue growth and market competitiveness. Enhanced AI/ML capabilities and inventory optimization tools may attract new customers and retain existing ones by offering cost savings and improved operational efficiencies. Additionally, the focus on ESG capabilities aligns with the growing investor interest in sustainable and responsible business practices, which could positively influence the company's stock valuation in the long-term.
However, the costs associated with the development and implementation of these features must be weighed against the expected ROI. It will be important to monitor customer adoption rates and the impact on Logility's financial performance in subsequent quarters.
The Logility Platform leverages enhanced AI/ML capabilities to sense, analyze and update activity in your digital supply chain.
Logility’s latest release to its Digital Supply Chain Platform also includes new cancel compliance form capability and legal compliance violation information—enabling better corporate responsibility management.
New platform capabilities include:
InventoryAI+ Dashboard
The newly introduced InventoryAI+ dashboard is designed as an easy-to-use, all-in-one overview that transcends traditional inventory management approaches. This feature streamlines the process by incorporating intelligent exceptions management, going beyond simple safety stock calculations. It directly addresses the challenge faced by users who seek an efficient means to identify and address exceptions in inventory data, allowing them to prioritize actions based on intelligent scoring using inventory economics for both excess and deficit stocks.
Probabilistic Inventory Planning with Automated Inventory Policies
Sporadic demand items have posed a unique challenge in determining safety stock targets based on desired service levels. Logility’s novel Probabilistic Inventory Planning capability overcomes this challenge to determine the appropriate safety stock policy for items characterized as low and lumpy through Automated Inventory Policies—which automatically assigns the right policy to inventory at all stages of a product’s lifecycle. This approach goes beyond the limitations of traditional methods and empowers businesses to maintain the desired service levels without overstocking. With Probabilistic Inventory Planning you can make informed decisions based on statistical analysis, reducing the guesswork and uncertainty associated with lumpy or intermittent demand items.
Manufacturing Optimization - Cloud Configuration and Onboarding
With streamlined cloud configuration and onboarding, the Manufacturing Optimization application delivers a more optimal client experience. This update simplifies the process of data import, plant creation, and user support for clients utilizing cloud services. This involves the efficient loading of data and straightforward configuration, eliminating the need for intricate database manipulations and enabling users to perform these tasks directly within the application.
Vendor Management: Corporate Responsibility
Cancel Compliance Form
The cancel compliance form feature in the Vendor Management application addresses a critical need for Corporate Responsibility Advisors and Vendor Management Business Leads, enabling them to cancel compliance forms within the assessment process. This functionality facilitates continuous monitoring and corrective action plans by leveraging the information from the last assessment. Importantly, all parties involved, including vendors, suppliers, third parties, and other Corporate Responsibility members, will be notified of the assessment cancellation through alerts, fostering transparency and effective communication.
Legal Compliance Violation
The Logility platform can now capture legal compliance violation information based on region/country, identified by third parties during the approval or rejection of forms. This empowers authorized Corporate Responsibility Advisors to record and modify legal violation information, including legal reference numbers and verification details, aiding comprehensive and efficient compliance monitoring for all clients.
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 800 customers 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
Logility® is a registered trademark of Logility, Inc. Other products mentioned in this document are registered, trademarked or service marked by their respective owners.
View source version on businesswire.com: https://www.businesswire.com/news/home/20231220033753/en/
Heather Coyle
Press@Logility.com
Source: Logility, Inc.
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