Logility Voyager Fashion Forecasting Improves Forecast Accuracy for Season Collection Launches
Atlanta (March 10, 2009) – Logility, Inc. (NASDAQ: LGTY), a leading supplier of collaborative solutions to optimize the supply chain, announced today that Logility Voyager Fashion Forecasting™ helps companies in the fashion industry improve pre-market demand planning for season collections and new product introductions, enabling greater forecast accuracy and cost reductions.
“Fashion-driven companies are faced with a unique set of challenges due to the volatility of collection trends, time pressures and the profit risks of launching today’s newest fashions quickly each season,” said Mike Edenfield, president and CEO, Logility. “This coupled with intense competition makes effective pre-market planning critical to boost profitability. Voyager Fashion Forecasting helps companies reduce the risk of new product introductions (NPIs) and gain a high degree of accuracy very early in the forecasting cycle to prevent problems that could potentially affect the bottom-line, like lost sales and excess inventory.”
Voyager Fashion Forecasting automates and streamlines the budgeting and pre-season forecasting process with powerful analyses, historical intelligence, proven correction and panel ranking methodology to make projections more accurate and align investments in fashions that are most likely to produce orders and boost profitability. With early forecasting accuracy and the ability to dynamically model size curves, fashion-driven apparel, footwear and accessory companies can drive greater efficiencies throughout the supply chain by optimizing material purchases, leveraging production commitments and minimizing expediting charges.
Logility has a history of helping companies in the apparel and fashion industry optimize their supply chains to increase demand visibility, shorten lead times, reduce inventory risk and increase customer service levels. For more information about Logility Voyager Fashion Forecasting, visit 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); inventory and supply optimization; manufacturing planning and scheduling; transportation planning and management; and warehouse management. Logility customers include McCain Foods, Pernod Ricard, 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 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, 2008 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: www.logility.com or E-mail: asklogility@logility.com.
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