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As Logility’s senior vice president of R&D Scott Tillman puts it, “Agentic AI is taking those insights and actually doing action on them. It’s a natural fit for an environment built on orchestration across vendors, partners, inventory, and data. Imagine an AI agent that notices a port delay in Asia.
4, 2022 – Logility, Inc., The partnership enables Logility customers to layer in Planalytics’ predictive demand metrics to better understand impacts across their customer base and proactively capitalize on sales opportunities created by favorable weather while mitigating risks when demand is negatively impacted. About Logility.
The obvious danger of this is that business rules and data governance often don’t exist from department to department or user to user, leaving an overall picture into the health of the business that is foggy because KPIs and metrics do not correlate across the organization. A great example of this comes from a Logility customer.
Benchmark Based on Global Survey Highlights Logility’s Leadership in Ease of Use and Driving Rapid Benefits. ATLANTA – January 14, 2020 – Logility, Inc., About Logility. Logility customers include Big Lots, Husqvarna Group, Parker Hannifin, Sonoco Products and Red Wing Shoe Company. We owe this recognition to our world-.
So why are companies increasingly choosing the highly focused capabilities of the Logility® Digital Supply Chain Platform over the broad-spectrum offerings of ERP vendors? Logility is Fit for Purpose and Addresses Supply Chain Needs Head On. Logility’s Feature Updates and Roadmap Are Highly Favorable.
Logility is working with a leader in the distribution and logistics space that provides delivery to auto dealers for the dealers’ parts and services business. The Logility Difference. Using Logility, they first aggregated their enterprise inventory and logistics data with two external data feeds.
These changes are phased into execution by synchronizing data from changes in demand, inventory, and supply planning systems. The Logility Supply Chain Platform is uniquely suited to execute Continuous Network Optimization. Organizations use Logility to find these improvement opportunities and put tangible impacts to their changes.
However, this year promises a significant paradigm shift where traditional performance metrics are replaced by technology-driven frameworks, as recent breakthroughs with Generative AI in supply chains have demonstrated. Enter our list of supply chain trends for 2024.
These changes are phased into execution by synchronizing data from changes in demand, inventory, and supply planning systems. The Logility Supply Chain Platform is uniquely suited to execute Continuous Network Optimization. Organizations use Logility to find these improvement opportunities and put tangible impacts to their changes.
They’re stuck with inaccurate forecasts, ending up with too much or too little inventory, missed orders, and unsatisfied customers. A traditional forecasting model might look at last year’s sales metrics to predict this year’s. And the result? Let’s consider a simple example—daily sales of ice cream.
There are simple metrics, which indicate the linkage between parts availability and additional sales. This is relatively simple to measure, and with advanced inventory optimization it is possible to optimize the service level based on customer and product segmentation. Have you looked into inventory solutions?
Our biggest headaches were very basic – we couldn’t easily switch between metric and imperial measures, and currency conversions were a nightmare. Then we found Logility, a solution that could run in conjunction with what we already used.” One of the key strengths of Logility is quick implementation and ease of use. “We
Integrations for modern and frequent data updates – The Logility® Digital Supply Chain Platform includes a data integration layer that enables your organization to build modern integrations that support frequent data updates. This structure can be a huge win for your IT teams focused on managing their core business devices and services.
During this time, the same AI tools that underwrite new technologies have been key in improving efficiency and optimizing all areas of logistics and supply chain processes including forecasting, supply planning, inventory management, manufacturing, network optimization, and more.
When we study 600 public companies by peer group, at the intersection of inventory turns and operating margin, only 5% drive improvement. An orbit chart is a plotting of data at the intersection of two metrics. In this case, the metrics are operating margin and inventory turns. Question the Basics. This is not progress.
Inventories in the chemical industry are at record lows: a forerunner of bad days ahead. While we will recover quickly in retail (moving from painful shortages to a glut of inventory), the chemical industry–sitting four and five layers back in the supply chain–takes longer to recover. Retail shelves are increasingly empty.
But before you start measuring everything in sight – and a few things not in sight – start with a set of thoughtful intentions and questions that will guide you to the right set of metrics and the right set of expectations. Inventory-based KPIs probably make sense for you, but how will you benchmark results? That’s a trap.
in inventory write-down and 20% drop in stock value. Every company today runs on data – the key to using your data is choosing the right metrics for visibility into your supply chain. Management must be cognizant of issues of procurement, manufacturing, inventory, and distribution that impact satisfaction and loyalty.
ATLANTA – March 16, 2021 – Logility, Inc., Join industry leaders Lora Cecere, founder, Supply Chain Insights, and Mac McGary, executive vice president, Logility, as they explore how to build a more resilient supply chain to quickly respond to shifts in today’s dynamic market. About Logility. EST Register Today: [link].
Whether your definition of value includes on-time, in-full (OTIF), inventory reduction or optimization, transportation spend, speed of decision making, supply chain costs, net working capital, or a myriad of other value measures, you know your business better than anyone. At Logility, we have been under singular ownership for nearly 50 years.
Ask yourself, “Are your supply chain metrics bogging you down?” ” To manage a supply chain containing complex dependencies between teams, departments and partner companies across international boundaries requires a rich set of metrics. Functionally isolated metrics lead to sub-optimized supply chain performance.
In the annual report where they report on their key performance indicators (KPIs), they don’t just report on core financial metrics and the NPS, they also have people metrics. The company has shown sustained improvement on this metric. The company recorded 1.9 This was a 10% improvement over the prior year.
For example, executives might underestimate the impact of accurate demand forecasting on reducing inventory costs, resulting in insufficient investment in necessary tools and technologies. Without these shared metrics, the vision for success might differ between the two, causing further misalignment.
The production efficiency is one of several measures across the supply chain including inventory and customer service and profitability. Now, they care about how much inventory they are holding. Chris Russell is Vice President at Logility. The market took what was made. They will shut down the machines if there is no demand.
But instead of reaching just one peak, supply chain planners must climb four – service, inventory, cost, and sustainability. Coordinate every step with insight and action Companies using a platform that synergizes service, inventory, cost, and sustainability stand at the precipice of a highly progressive approach to supply chain planning.
The production efficiency is one of several measures across the supply chain including inventory and customer service and profitability. Now, they care about how much inventory they are holding. Chris Russell is Vice President at Logility. The market took what was made. They will shut down the machines if there is no demand.
We know you’re looking for better ways to work around short-supply challenges in your supply chain’s day-to-day operations – here are four ways that the Logility® Digital Supply Chain Platform addresses those challenges with intelligent, optimized allocation. It could be used to make sure everyone gets roughly the same amount of inventory.
Accurate demand forecasts can empower a business to optimize its production schedules, manage its inventory efficiently, and minimize waste, which can lead to improved profit margins. Accurate demand forecasting allows for better inventory management, fewer stockouts, and shorter lead times.
Better Risk Mitigation Understanding different scenarios enables you to foresee potential risks and bottlenecks in your supply chain and inventory plan. Improved Inventory Management Scenario planning can provide insights into potential changes in demand, helping you better manage your inventory.
The second part of Drucker’s quote, “if you can't measure it, you can't improve it,” really brings home the importance of having the right set of metrics. In the field of supply chain management, we have created an abundance of metrics and key performance indicators (KPIs). requires a different set of metrics.
Then it is off to Dallas to speak on Supply Chain Metrics That Matter at the Dallas CSCMP roundtable and complete some more client work. The supply chain is a complex system and these metrics are tightly linked in non-linear relationships. Figure 2: Supply Chain Effective Frontier. Figure 3: Defining Planning Architectures.
Revenue and demand Service levels Inventory levels Profits and margins Cash flow. Logility EVP Mac McGary acknowledges the similarity with S&OP, but quickly moves beyond labels and exhorts companies to step up to what it takes to build a resilient enterprise in 2021. It’s time to move beyond the ‘emperor’s new clothes’ argument.
They help minimize inventory, streamline purchasing, optimize distribution, and enhance production efficiency while ensuring the highest level of customer service. In this article, we’ll dive into four easy steps to sharpen your forecasting skills and optimize your inventory investments and deployments. Let’s get started!
In our ongoing commitment to deliver relevant insight into global markets and the supply chain, Logility executives offer key takeaways from NRF 2022 and what they should be considering to address today’s market challenges more meaningfully. It’s Time to Think About Sustainability Differently. all with a single, integrated platform.
Chip demand rises 17% from 2019 to 2021 as inventory drops from 40 days to 5 days ? At Logility, we’re keenly aware that supply network disruptions large and small are inevitable. Logility recently joined a group of supply chain experts in a webcast called Enhancing Supplier Collaboration to Drive Sustainability.
Logility, Inc. This marks Logility’s seventeenth year and Demand Management’s thirteenth year of recognition. During the quarter, Logility was ranked in the 2022 RIS Software LeaderBoard as a leader in eighteen categories, and in the top ten of many of the referenced categories. and Demand Management, Inc.,
Your business can use it to create a demand plan, which will help you set inventory levels, plan production, create manufacturing schedules, and drive other parts of your supply chain. If your demand forecast is too high, you’ll carry excess inventory, which will increase your carrying costs.
Any effort geared towards incorporating CSR into sustainable corporate culture must begin with an inventory and audit of existing programs. Only after inventory does the necessary next step make sense, which would involve the development of coherent CSR strategies that would require full backing from the CEO and the board.
These were just a few of the themes discussed at this year’s Connections 2014, Logility’s customer conference. Bryan Ball highlighted the top disruptive supply chain trends including the increasing speed of business, talent and training, and measurement and metric alignment. John Brewer is Director at Logility.
Metrics Definition. The organization needs to be clear on the Metrics That Matter and the alignment of vertical silos’ metrics to the balanced portfolio. Forecasting hierarchies need to roll up to define business requirements, and inventory needs to be reported by form and function. Form and Function of Inventory.
Recently I had the pleasure to sit down with Chris Reed, director of inventory and data management for wholesale distributor Ferguson Enterprises on how they are building an agile supply chain. A: Our transformation started with a review of how we forecasted before we implemented Logility. How does Logility help? Creativity.
For example: Optimizing a distribution network not only reduces logistics costs but, in most cases, reduces carbon emissions through fewer transportation miles and/or less inventory holding costs. What about warehousing, inventory management and the efficient maintenance of your capital equipment? So how does one build one?
Accurate forecasts help minimize inventory, maximize production efficiency, streamline purchasing, optimize distribution, maximize customer service, ensure confidence in company financial projections. Start by tapping into Logility…. So yes it is possible to achieve high SKU-level forecast accuracy.
I was talking with a practitioner last week who was the internal champion that brought Logility Voyager Solutions into a leading flooring manufacturer. He started by building a KPI set that combined basic data from their transaction systems with demand and supply chain planning data from Logility. This business was set in its ways.
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