Logility Announces 2015 Leadership Award Winners
Logility, Inc., a leading provider of collaborative supply chain optimization and advanced retail planning solutions, today announced the recipients of the 2015 Logility Leadership Award. This year Modell's Sporting Goods, Moen, Red Wing Shoe Company, Regal Beloit, and The Timken Company were recognized by Logility for driving supply chain excellence through the deployment of Logility Voyager Solutions™.
The Logility Leadership Award recognizes a select group of companies who significantly improved their business processes, deployed Logility Voyager Solutions to address supply chain challenges, or demonstrated an on-going commitment and leadership role in the expansion of supply chain improvements. Each of this year's award recipients demonstrated success in building collaboration, efficiency and visibility across their supply chain networks. These efforts resulted in tangible business benefits including driving a robust sales and operations planning (S&OP) process, reducing inventory, increasing forecast accuracy, improving transportation operations, and attaining higher customer service levels through the innovative use of supply chain software from Logility.
Modell's Sporting Goods
Modell's Sporting Goods is America's oldest, family-owned and operated retailer of sporting goods, athletic footwear, active apparel, and fan gear, with more than 150 locations as well as a direct to consumer channel. The sporting goods retailer turned to Logility to improve in-stock performance and accelerate inventory turns for its highly seasonal merchandise portfolio, and manage forecasts at the SKU/location level through the use of Voyager Solutions' dynamic forecasting engine. Within just four months Modell's Sporting Goods realized impressive results including an in-stock availability of 95 percent, a significant improvement in forecast accuracy to an average of 85 percent and reduced inventory investment by up to 20 percent.
Moen is North America's #1 faucet brand, known for its thoughtful design of faucets and fixtures, as well as its outstanding commitment to customer service. To support strategic growth plans, optimize asset investments, and enable rapid growth, Moen deployed Voyager Inventory Optimization to provide a single, multi-echelon, global inventory system for all locations. Moen now has the capability to quickly model and analyze multiple scenarios to support their monthly sales, inventory and operations planning (SIOP) process.
Red Wing Shoe Company
Red Wing Shoe Company is a leading purpose-built footwear company specializing in work and outdoor products sold in 110 countries. As the company continued to grow around the world, the supply chain organization set out to improve its systems and processes to help align inventory with customer demand, increase customer service and boost visibility across its global operations. Red Wing Shoe Company achieved significant results with Logility Voyager Solutions including the ability to operate from one comprehensive plan across supply chain, sales, marketing, finance, merchandising, and forecasting. Following its Logility deployment, Red Wing Shoe Company shortened lead times by 30 percent, reduced inventory across the network 27 percent and improved customer service levels up to 10 percent. Additionally, the company has increased visibility across an 18 month horizon to drive better decision-making and supplier collaboration.
The Timken Company
The Timken Company engineers, manufactures and markets bearings, transmissions, gearboxes, chain and related products, and offers a spectrum of powertrain rebuild and repair services with operations in 28 countries. To support the company's worldwide growth, the supply chain team deployed Logility Voyager Solutions to drive a single, global forecast to be utilized across multiple departments. With Logility, The Timken Company is now able to develop a statistical forecast for all of its products around the world. The company has also decreased forecast error 12 percent and is now able to cover operational, tactical and strategic planning horizons in a single plan with visibility extending over a 12 year horizon. This has led to an increase in productivity across the global demand planning organization, freeing demand planners to focus on more strategic activities that better align the business. Additionally, The Timken Company is now able to analyze both financial and volumetric plans across multiple business horizons.
"Companies around the world have turned to Logility to drive their supply chain excellence," said Allan Dow, president, Logility. "The 2015 Leadership Award highlights a few of the impressive success stories across sales and operations planning, inventory optimization, retail optimization, demand planning, and transportation optimization. We are proud to be a part of Modell's Sporting Goods, Moen, Red Wing Shoe Company, Regal Beloit, and The Timken Company's supply chain improvement initiatives and look forward to helping them continue driving tangible results for their businesses."
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), named one of the 100 Most Trustworthy Companies in America by Forbes. 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 the Company'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.