Klaussner Furniture Industries, Inc. Selects Logility Voyager Solutions™
Improving forecast accuracy, reducing inventory and decreasing carrying costs are key business drivers
Atlanta (January 3, 2006) – Logility, Inc. (NASDAQ: LGTY), a leading supplier of collaborative solutions to optimize the supply chain, today announced that Klaussner Furniture, Inc., the fourth largest manufacturer and distributor of home furnishings in the United States, has selected Logility Voyager Solutions™ to help strengthen customer service through improved forecast accuracy, inventory management and demand visibility.
With 20 U.S. manufacturing facilities and more than 7,000 employees, Klaussner Furniture is dedicated to providing retailers with a single source for quality products that fit a range of styles and product categories. Klaussner produces upholstered furniture, case goods and home accessories to over 3,000 customers.
“There are many issues sweeping over the furniture industry, which include an increasingly global supply base, that make forecast accuracy one of the most critical issues to Klaussner’s continued success,” said Chuck Miller, vice president of supply chain management, Klaussner Furniture. “Logility Voyager Solutions for Demand Planning and Inventory Planning will enable Klaussner to drive accurate forecast of customer demand, optimize inventory investment and better service our customers. Klaussner’s goal is to deliver the perfect order – complete, on-time, and in good condition ? and we feel that Logility gives us a valuable tool to help achieve this goal.”
Klaussner Furniture selected Voyager Demand Planning to more accurately manage its businesses by aligning future inventory investment with customer demand to boost customer service levels, shorten cycle times and reduce both finished goods and obsolete inventory. The furniture company will also implement Voyager Inventory Planning to maximize the information communicated from Demand Planning and effectively measure the trade-off of time-phased inventory investments with desired customer service levels.
“We continue to provide the tools that enable the furniture industry to reduce supply chain complexity, improve demand visibility and optimize global sourcing as more production moves offshore,” said Mike Edenfield, president and CEO of Logility. “We are helping Klaussner Furniture build a strong and flexible supply chain infrastructure that will be capable of supporting their business long-term.”
Logility Voyager Solutions enables furniture and home furnishing companies to increase gross margins through better demand visibility, improved sourcing, higher numbers of perfect orders, better customer service and reduced supply chain costs. For more information, visit www.logility.com.
About Klaussner Furniture, Inc.
Klaussner Furniture is the 4th largest manufacturer and distributor of home furnishings in the U.S. with 20 manufacturing facilities and over 7,000 employees. Dedicated to providing retailers with a single source for quality products that fit a range of styles and categories, Klaussner produces upholstered furniture, case goods, and home accessories sold to over 3,000 customers.
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.All trademarks are properties of their respective owners.
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