Logility Positioned as a Leader in the IDC MarketScape: Worldwide Supply Chain Inventory Optimization 2019 Vendor Assessment
Logility, Inc., automating the digital transformation of supply chain optimization and advanced retail planning, has been named a Leader in the recently published IDC MarketScape: Worldwide Supply Chain Demand Planning 2019 Vendor Assessment (doc # US45672017e, December 2019). Published by Simon Ellis, global vice president for the IDC Manufacturing Insights Supply Chain Strategies Practice, this IDC MarketScape is a quantitative and qualitative assessment of the characteristics that explain a vendor’s success in the supply chain inventory optimization (IO) space and helps assess current and anticipated performance in the marketplace. Within the worldwide market, the IDC MarketScape methodology named Logility a Leader.
“Growing complexity in the supply chain has made inventory planning more challenging, both as a consequence of often larger demand forecast error and as a lack of full visibility into supply issues and constraints.”
According to the report, “Growing complexity in the supply chain has made inventory planning more challenging, both as a consequence of often larger demand forecast error and as a lack of full visibility into supply issues and constraints.”
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The Logility Digital Planning Platform allows businesses to optimize inventory strategies with improved profitability, increased customer satisfaction and available working capital. The platform’s multi-echelon inventory optimization (MEIO) capabilities use an innovative blend of artificial intelligence (AI) and machine learning to balance cost and service to ensure the right levels of the correct stock are at the right places, and at a precise time. Using the Logility Digital Planning Platform, leading supply chains around the world have reduced their inventory investments between 10 to 30 percent while tangibly improving customer service levels.
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“Inventory Optimization can have a significant financial impact by freeing up working capital while boosting service and minimizing inventory,” said Karin Bursa, executive vice president, Logility. “Our position as a Leader in this IDC MarketScape recognizes Logility’s continued investment to deliver transformative supply chain solutions that accelerate decision-making, evaluate multiple business scenarios and help fuel more profitable growth for our customers.”