Associated Grocers of Florida Stocks-Up on Supply Chain Improvements with Logility Voyager Solutions™
Accelerated inventory, improved customer service and increased productivity
ATLANTA (March 7, 2006) – Logility, Inc. (NASDAQ: LGTY), a leading supplier of collaborative solutions to optimize the supply chain, announced today that Associated Grocers of Florida, a large wholesale distributor of grocery goods, has successfully implemented Logility Voyager Solutions™ to reduce inventory, improve forecast accuracy, and increase productivity and customer service.
Associated Grocers of Florida is a privately-held wholesale distributor of dry, meat, frozen and dairy food products with 1,300,000 square feet of distribution space across three distribution centers in Florida. Founded in 1945, the company offers a line of more than 30,000 food products. The company selected Logility Voyager Solutions to become more demand-driven, reduce inventory costs and improve forecasting after experiencing significant revenue growth due to an acquisition, increased market share and global expansion.
“Logility Voyager Solutions has proven to be a great product and fit for our business,” said Chuck Palazzo, vice president of information technology, Associated Grocers of Florida. “We have become more demand-driven and are experiencing tremendous results across our entire business. With Logility, our buyers can make educated decisions and review recommended buys, based on hard facts, historical data and a forward view of the business.”
Since implementing Logility Voyager Solutions, Associated Grocers of Florida has reduced inventory and slashed obsolescence, all while improving customer service. Forecast accuracy has improved as well as demand visibility which ensures that the right products are available at the point of customer demand.
“Becoming more demand-driven is the key to reducing inventory costs and improving productivity,” said Mike Edenfield, president and CEO, Logility. “We are pleased that Logility has helped Associated Grocers of Florida reap the benefits of gaining more visibility into specific market and customer demand and look forward to continue providing the supply chain management infrastructure that helps support their growing distribution-centric business.”
Associated Grocers of Florida will be presenting “Planning for Hurricane Disasters” at Logility’s “Connections 2006: Your Ticket to Supply Chain Success” conference in Nashville, TN on March 16, 2006. Chuck Palazzo, vice president, information technology, Associated Grocers of Florida, will also be speaking on an executive panel moderated by Mike Edenfield, Logility president and CEO, on March 16. For more information about Connections 2006, visit www.logility.com/conn2006.
About Associated Grocers of Florida
Associated Grocers of Florida was founded in 1945 by a dynamic group of retailers to increase their buying power. Associated Grocers of Florida is a full line supplier to many leading independent retailers and is a major factor in the southeastern US food distribution system. For more information, visit www.agfla.com.
With more than 1,100 customers worldwide, Logility is the leading provider of collaborative supply chain planning solutions that help small, medium, large and Fortune 1000 companies realize substantial bottom-line results in record time. Logility Voyager Solutions feature performance monitoring capabilities in a single Internet-based framework and provide supply chain visibility; demand, inventory and replenishment planning; supply and global sourcing optimization; transportation planning and execution; and warehouse management. Logility customers include Bissell, Huhtamaki UK, Katun Corporation, 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: http://www.logility.com or E-mail: firstname.lastname@example.org.
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