Logility price and promotion leverages machine learning to improve inventory and service levels
Atlanta--(business wire)--logility, inc., automating the digital transformation of supply chain optimization and advanced retail planning, today announced the availability of the latest release of logility price and promotion, a solution that uses machine learning to predict the impact of promotion activity on inventory by helping planners quickly understand changes in demand which allows for better replenishment and inventory allocation to meet variances in expected sales. many companies today lack visibility into how a price change or promotion will drive customer behavior, the supply chain and ultimately the bottom line. logility price and promotion complements traditional demand planning capabilities by managing pricing scenarios and generating a price-adjusted forecast to align inventory decisions with marketing campaigns. this innovative use of machine learning and highly refined price elasticity models helps identify the expected lift in demand which assists in identifying the ideal price to maximize revenue potential while staying within the constraints of supply. logility price and promotion features a predictive model and interactive visuals to speed adoption and ensure planners can understand the impact of pricing changes across several key dimensions including product category, sku, region, customer or warehouse location. logility price and promotion is designed to help planners quickly isolate price as the key variable in a multivariate scenario and create a promoted forecast. the logility digital supply chain platform allows you to quickly compare multiple scenarios within the supply chain digital twin to determine the best path forward for the business building confidence in the plan moving toward autonomous planning. “companies have access to enormous volumes of both structured and unstructured data however they lack the systems to harness and turn the information into insights that drive the business,” said allan dow, president, logility. “through advances in machine learning, logility is able to help supply chains gain precision and accelerate better decisions on the impact of price changes and promotions to their supply chain plan.” about logility accelerating the digital supply chain from product concept to customer availability, logility helps companies seize new opportunities, sense and respond to changing market dynamics and more profitably manage their complex global businesses. the logility digital supply chain platform leverages an innovative blend of artificial intelligence (ai) and advanced analytics to automate planning, accelerate cycle times, increase precision, improve operating performance, break down business silos and deliver greater visibility. logility’s saas-based platform transforms sales and operations planning (s&op) and integrated business planning (ibp) processes; demand, inventory and replenishment planning; global sourcing; quality and compliance management; product life cycle management; supply and inventory optimization; manufacturing planning and scheduling; retail merchandise planning, assortment and allocation. logility customers include big lots, fender musical instruments, husqvarna group, parker hannifin, verizon wireless, and vf corporation. logility is a wholly owned subsidiary of american software, inc. (nasdaq: amswa). to learn how logility can help you make smarter decisions faster, 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, continuing u.s. and global economic uncertainty, the timing and degree of business recovery, unpredictability and the irregular pattern of future revenues, dependence on particular market segments or customers, competitive pressures, delays, product liability and warranty claims and other risks associated with new product development, undetected software errors, market acceptance of logility’s products, technological complexity, the challenges and risks associated with integration of acquired product lines, companies and services, as well as a number of other risk factors that could affect the company’s future performance. for further information about risks the company and american software could experience as well as other information, please refer to american software, inc.’s current form 10-k and other reports and documents subsequently filed with the securities and exchange commission. for more information, contact: kevin liu, american software, inc., (626) 657-0013 or email kliu@amsoftware.com. logility® is a registered trademark of logility, inc. other products mentioned in this document are registered, trademarked or service marked by their respective owners.
