Logility and Remy International to be Featured in Institute of Business Forecasting (IBF) Webcast
Jan. 17 webcast will focus on improving forecast accuracy and service parts company Remy International’s success reducing inventory
ATLANTA (Jan. 11, 2007) Logility, Inc. (NASDAQ: LGTY), a leading supplier of collaborative solutions to optimize the supply chain, announced today that it 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™ 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.
About Logility
With more than 1,100 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 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. Logility customers include Bissell, Brown Shoe Company, Huhtamaki UK, McCain Foods, Mill’s Pride, Pernod Ricard, Rand McNally, Sigma Aldrich, and VF Corporation. Logility is a majority owned subsidiary of American
Software (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, changes in general economic conditions, technology and the market for the Company's products and services, including economic conditions within the e-commerce markets; the timely availability and market acceptance of these products and services; the challenges and risks associated with integration of acquired product lines and companies; the effect of competitive products and pricing; the Company’s ability to satisfy in a timely manner the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 and the rules and regulations adopted under that Section; the uncertainty of the viability and effectiveness of strategic alliances; and the irregular pattern of the Company's revenues. For further information about risks the Company could experience as well as other information, please refer to the Company's Form 10-K for the year ended April 30, 2005 and other reports and documents subsequently filed with the Securities and Exchange Commission. For more information, contact: Vincent C. Klinges, Chief Financial Officer, Logility, Inc., 470 East Paces Ferry Rd., Atlanta, GA 30305, (404) 261-9777. FAX: (404) 264-5206 INTERNET: www.logility.com. or E-mail: asklogility@logility.com
All trademarks are properties of their respective owners.
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