Cole-Parmer Successfully Implements Logility Voyager Solutions™
Key Business Improvements Include Reduced Inventory Levels, Strengthened Customer Service and Improved Inventory Mix
ATLANTA (February 28, 2006) – Logility, Inc. (NASDAQ: LGTY), a leading supplier of collaborative solutions to optimize the supply chain, announced today that Cole-Parmer Instrument Company, a distributor of scientific instruments and a division of Fisher Scientific, has successfully implemented Logility Voyager Solutions™ to improve forecast accuracy, reduce inventory levels and strengthen customer service.
Cole-Parmer is a leading global distributor of laboratory and industrial fluid handling products, instrumentation, equipment and supplies. Cole-Parmer products are sold throughout the world through its company-owned distribution center and a strong network of international dealers. Cole-Parmer selected Logility Voyager Solutions to improve inventory and replenishment planning by effectively forecasting inventory needs for items with long lead times and sporadic sales patterns.
“With more than 60,000 items, Cole-Parmer prides itself on maintaining the highest levels of product expertise and customer service,” said Ray Glunz, director of materials management, Cole-Parmer. “We chose Logility Voyager Solutions to enable us to continue to deliver these high standards to our customers and allow Cole-Parmer to better manage our inventory planning through improved demand visibility. Going forward, we anticipate seeing a significant reduction in inventory with increased service levels and an improved inventory mix.”
Cole-Parmer will use Logility to forecast inventory needs and to execute a replenishment plan to improve customer service levels and reduce inventory investment costs. Logility Voyager Solutions will also enable Cole-Parmer to generate and more effectively maintain inventory stocking policies using ABC stratification techniques.
Logility Voyager Solutions enables distribution-centric companies to increase gross margins through reduced costs, better demand visibility, synchronized sourcing, and improved customer service to free up capital and accelerate growth. For more information, visit www.logility.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: email@example.com.
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