Attribute-based forecasting increases forecast accuracy of new product
introductions, short life cycle products and product phase-outs
ATLANTA, April 30 /PRNewswire-FirstCall/ -- Logility, Inc. (Nasdaq:
LGTY), a leading supplier of collaborative solutions to optimize the supply
chain, today announced that Logility Voyager Solutions helps companies
increase forecast accuracy and manage the product lifecycle more
effectively through an Attribute-based forecasting model.
Logility's Attribute-based modeling provides significant improvements
in the forecast accuracy of New Product Introductions (NPIs), short
lifecycle products and the phase-out of existing products-product
lifecycles that are more difficult to forecast with traditional time-series
approaches. The Attribute-based modeling consists of four key areas:
creation of demand profiles; automatic assignment of demand profiles to
NPIs, short life cycle and product phase out; adjustment of forecast based
on early demand signals such as Point-of-Sale (POS); and assessment of the
accuracy of assigned demand profile vs. available catalog of demand
profiles.
Logility Voyager Solutions provides a wide variety of demand and
seasonal profiles that give planners the ability to create demand profiles
based on user-defined attributes such as color, fabric, region, store type,
etc. The Attribute-based model analyzes historical sell-in, sell-through or
POS data as the basis for the demand profiles and monitors the accuracy of
the forecast and the demand profile according to consumer response via
demand signals such as the POS data. Through correctness-of-fit evaluation,
Logility Voyager Solutions can automatically adjust the forecast and/or
demand profile assigned to the product.
"The key to the process is matching the phase of a product's lifecycle
with the correct forecasting model," said Mike Edenfield, president and
CEO, Logility. "With Logility's unique ability to match the product
lifecycle with the proper forecasting model, including Attribute-based
modeling, the forecast accuracy is improved which in turn ensures that the
right products are available at the point of consumer demand."
For more information on how Logility's Attribute-based forecasting can
help model each phase of a product's lifecycle, increasing forecast
accuracy and customer service levels, visit http://www.logility.com .
About Logility
With more than 1,250 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;
Sales and Operations Planning (S&OP); supply and global sourcing
optimization; manufacturing planning and scheduling; transportation
planning and management; and warehouse management. Logility customers
include Brown Shoe Company, McCain Foods, Pernod Ricard, Sigma Aldrich, and
VF Corporation. Logility is a majority owned subsidiary of American
Software (Nasdaq: AMSW.A). For more information about Logility, call
1-800-762-5207 or visit http://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 effect of competitive products and pricing; 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, 2007
and other reports and documents subsequently filed with the Securities and
Exchange Commission. For more information about risks the Company could
face as well as other 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: asklogility@logility.com.
All trademarks are properties of their respective owners.
SOURCE Logility, Inc.
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Related links:
http://www.logility.com
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CONTACT:
Michelle Duke of Logility, Inc.,
+1-404-264-5485, mduke@logility.com
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