New application solution optimizes sourcing decisions and extends visibility
ATLANTA, GA (February 11, 2003)-Logility (NASDAQ: LGTY), a leading supplier of collaborative solutions to optimize the supply chain, today announced the availability of Voyager Global Sourcing Management™ to improve Brand Owner margins. Voyager Global Sourcing Management gives Brand Owners, such as retailers and manufacturers of private label and branded merchandise, the ability to reduce total supply chain costs, optimize sourcing decisions, extend visibility into offshore production, monitor the movement of goods, and improve the flow of information with supply-side trading partners.
Companies are gaining a competitive advantage by working with suppliers around the world for materials, manufacturing and logistics services to deliver products to market more quickly and cost-effectively. Voyager Global Sourcing Management streamlines and automates the entire strategic sourcing process – from proposal management and product specification package delivery, to bid analysis and supplier performance management, through production management, quality monitoring and supplier shipment tracking.
“Brand Owners are really looking for the freedom to source and manufacture anywhere in the world to gain a competitive advantage without compromising quality or product availability,” stated Mike Edenfield, Logility President and CEO. “Voyager Global Sourcing Management streamlines and automates the entire strategic sourcing process through collaboration and exception-based management of key sourcing and supply chain events.”
According to an article by Larry Lapide, vice president of supply chain services at AMR Research, published in the February 7, 2003 AMR Research Alert, “This extends Logility’s already broad collaborative Supply Chain Management (SCM) suite by adding sourcing functionality. The extended suite now has functionality to support brand owners as they plan, source, and track globally sourced products – from quotes and bids to the planning, receipt, and eventual customer delivery of products.”
“For retailers and manufacturers of private label and branded merchandise, the convergence of strategic sourcing of goods for resale with supply chain management promises increased profits with reduced inventory investments,” commented Paula Rosenblum, in the AMR Research report “Strategic Sourcing Brings Stunning Returns to Retailers,” December 2002. “Conservative return on investment (ROI) from supplier bidding events alone translates into 10% to 15% gross margin improvements.”
“Logility is working with a number of leading Brand Owners to streamline their strategic sourcing and supply chain planning operations into an optimized global supply chain process,” continued Edenfield. “Logility has been providing innovative supply chain solutions for over 30 years and introduced the industry’s first collaborative supply chain planning solution in 1996. Voyager Global Sourcing Management is a natural extension to the Logility Voyager Solutions suite and provides the ability for Brand Owners to further improve their bottom lines.”
Available today, Voyager Global Sourcing Management is part of the Logility Voyager Solution™ suite and includes:
• Value Chain Designer™ provides visibility into supply chain networks to analyze capital expenditure plans, assess risk strategies and optimize global network operations to clearly evaluate strategic sourcing options.
• Global Sourcing automates the sourcing process from proposal management and product specification package delivery to supplier bid analysis, selection and performance management via the Internet.
• Production Visibility utilizes collaborative time and action calendars to monitor supplier production and quality, track milestone deliverables and provide exception-based management of global sourcing initiatives.
• Supplier Logistics provides Advanced Ship Notice (ASN) and tracks supplier shipments from global manufacturing locations to provide greater visibility of inbound logistics and product availability.
Logility is a leading provider of collaborative solutions to optimize the supply chain. Logility Voyager Solutions enable networks of trading partners including suppliers, manufacturers, distributors and retailers to collaborate, integrate and synchronize their planning and fulfillment operations. Logility customers have realized substantial bottom-line results in record time. Voyager Solutions are CPFR®-compliant, open and scalable, facilitating even the most complex trading partner networks. Logility is proud to serve such customers as ConAgra, Heineken USA, McCormick & Company, Pharmacia, Reynolds Metals, Timex 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 may include statements that may constitute “forward-looking statements,” including estimates of future business prospects or financial results and statements containing the words “believe,” “expect,” or similar expressions. Any forward-looking statements herein are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. There are many factors that could cause actual results of Logility to differ materially from those anticipated by forward-looking statements made herein. These factors include continuing economic uncertainty, the timing and degree of business recovery, unpredictability and the irregular pattern of future revenues, competitive pressures, delays and other risks associated with new product development, undetected software errors, and risks associated with market acceptance of the Company’s products and services as well as a number of other risk factors that could affect the future performance of the Company. Please refer to a discussion of these factors and others in the Company`s most recent Annual Report on Form 10-K, and in its Quarterly Reports on Form 10 Q and other reports and documents subsequently filed with the Securities and Exchange Commission. The Company undertakes no obligation to update the information contained in this release, including any forward-looking statements. 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: email@example.com.
Logility Voyager Solutions is a trademark of Logility. CPFR is a registered trademark of Voluntary Interindustry Commerce Standards (VICS). For more information on CPFR go to www.cpfr.org or www.vics.org. Other products mentioned in this document are registered, trademarked or service marked by their respective owners.
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