Logility Newest Release Advances Artificial Intelligence and Machine Learning Across SaaS Platform
20 Diciembre 2023 - 7:28AM
Business Wire
The Logility Platform leverages enhanced AI/ML
capabilities to sense, analyze and update activity in your digital
supply chain.
Logility, Inc., a leader in prescriptive supply chain planning
solutions, today announced new functionality to its cloud-based
(SaaS) Logility® Digital Supply Chain Platform. New features
leverage artificial intelligence (AI), machine learning (ML), and
automation to continuously sense, analyze, and update activity in
your digital supply chains. The release also deepens inventory,
manufacturing, and ESG capabilities within the Logility
platform.
Logility’s latest release to its Digital Supply Chain Platform
also includes new cancel compliance form capability and legal
compliance violation information—enabling better corporate
responsibility management.
New platform capabilities include:
InventoryAI+ Dashboard
The newly introduced InventoryAI+ dashboard is designed as an
easy-to-use, all-in-one overview that transcends traditional
inventory management approaches. This feature streamlines the
process by incorporating intelligent exceptions management, going
beyond simple safety stock calculations. It directly addresses the
challenge faced by users who seek an efficient means to identify
and address exceptions in inventory data, allowing them to
prioritize actions based on intelligent scoring using inventory
economics for both excess and deficit stocks.
Probabilistic Inventory Planning with Automated Inventory
Policies
Sporadic demand items have posed a unique challenge in
determining safety stock targets based on desired service levels.
Logility’s novel Probabilistic Inventory Planning capability
overcomes this challenge to determine the appropriate safety stock
policy for items characterized as low and lumpy through Automated
Inventory Policies—which automatically assigns the right policy to
inventory at all stages of a product’s lifecycle. This approach
goes beyond the limitations of traditional methods and empowers
businesses to maintain the desired service levels without
overstocking. With Probabilistic Inventory Planning you can make
informed decisions based on statistical analysis, reducing the
guesswork and uncertainty associated with lumpy or intermittent
demand items.
Manufacturing Optimization - Cloud Configuration and
Onboarding
With streamlined cloud configuration and onboarding, the
Manufacturing Optimization application delivers a more optimal
client experience. This update simplifies the process of data
import, plant creation, and user support for clients utilizing
cloud services. This involves the efficient loading of data and
straightforward configuration, eliminating the need for intricate
database manipulations and enabling users to perform these tasks
directly within the application.
Vendor Management: Corporate Responsibility
Cancel Compliance Form
The cancel compliance form feature in the Vendor Management
application addresses a critical need for Corporate Responsibility
Advisors and Vendor Management Business Leads, enabling them to
cancel compliance forms within the assessment process. This
functionality facilitates continuous monitoring and corrective
action plans by leveraging the information from the last
assessment. Importantly, all parties involved, including vendors,
suppliers, third parties, and other Corporate Responsibility
members, will be notified of the assessment cancellation through
alerts, fostering transparency and effective communication.
Legal Compliance Violation
The Logility platform can now capture legal compliance violation
information based on region/country, identified by third parties
during the approval or rejection of forms. This empowers authorized
Corporate Responsibility Advisors to record and modify legal
violation information, including legal reference numbers and
verification details, aiding comprehensive and efficient compliance
monitoring for all clients.
About Logility
Logility’s Digital Supply Chain Platform delivers optimized
demand, inventory, manufacturing, and supply plans – helping to
provide executives the confidence and control to increase margins
and service levels, while delivering sustainable supply chains.
Designed for speed and agility, Logility’s cloud-based platform
provides an innovative blend of artificial intelligence (AI) and
predictive analytics to help deliver integrated planning and
operations across the end-to-end supply chain. Our prescriptive
approach drives team alignment for over 800 customers in 80
countries with prioritized outcomes designed to create demonstrable
value. Logility is a wholly-owned subsidiary of American Software,
Inc. (NASDAQ: AMSWA). Learn more at logility.com.
Forward-Looking Statements
This press release contains forward-looking statements that are
subject to substantial risks and uncertainties. References below to
the company means Logility, Inc. There are a number of factors that
could cause actual results or performance to differ materially from
what is anticipated by statements made herein. These factors
include, but are not limited to, continuing U.S. and global
economic uncertainty and the timing and degree of business
recovery; the irregular pattern of the Company’s revenues;
dependence on particular market segments or clients; competitive
pressures; market acceptance of the Company’s products and
services; technological complexity; undetected software errors;
potential product liability or warranty claims; risks associated
with new product development; the challenges and risks associated
with integration of acquired product lines, companies and services;
uncertainty about the viability and effectiveness of strategic
alliances; American Software, Inc.’s ability to satisfy in a timely
manner all Securities and Exchange Commission (SEC) required
filings and the requirements of Section 404 of the Sarbanes-Oxley
Act of 2002 and the rules and regulations adopted under that
Section; 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 SEC. For more information, contact:
Kevin Liu, American Software, Inc., (626) 657-0013 or email
kliu@amsoftware.com.
Logility® is a registered trademark of Logility, Inc. Other
products mentioned in this document are registered, trademarked or
service marked by their respective owners.
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version on businesswire.com: https://www.businesswire.com/news/home/20231220033753/en/
Heather Coyle Press@Logility.com
American Software (NASDAQ:AMSWA)
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