Logility Delivers GenAI to Speed Supply Chain Decisions and Fuel Growth
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Insights
The integration of generative AI into supply chain planning represents a significant advancement in the field. It addresses the perennial challenge of data overload by providing a platform that can interpret vast amounts of supply chain data and offer actionable insights. This has the potential to enhance the responsiveness of supply chains to market shifts, reduce decision-making time and improve overall efficiency. Companies utilizing such AI-driven tools can expect to see improvements in their demand forecasting and inventory management, leading to better alignment with market demand and potentially reducing holding costs.
Moreover, the ability to streamline cross-departmental communication and decision-making could lead to more cohesive and agile organizational structures. By reducing the latency in decision-making and promoting a more integrated approach, businesses can react more promptly to supply chain disruptions, which is particularly valuable in today's volatile market conditions. However, the success of such a tool depends on its implementation and the ability of the workforce to adapt to and leverage the new technology effectively.
The deployment of large language models (LLMs) in supply chain management is a noteworthy trend, as it signifies the maturation of AI applications in enterprise contexts. Logility's GenAI capability, powered by Microsoft Azure, suggests a robust and secure data environment, which is crucial for maintaining the integrity and security of sensitive supply chain information. The use of LLMs for generating forecasts and analyzing sales history could lead to more nuanced and accurate predictions, which are essential for strategic planning.
However, the adoption of such advanced AI solutions also necessitates a consideration of the costs associated with the technology and the potential need for specialized personnel to manage and interpret the AI-generated insights. While the promise of accelerated decision-making and productivity gains is attractive, businesses must weigh these benefits against the total cost of ownership and the potential disruption during the integration phase.
From a financial perspective, the introduction of generative AI into supply chain planning by Logility could have a positive impact on the company's market positioning and financial performance. Enhanced decision-making capabilities and increased productivity can translate into cost savings and higher revenue potential. For investors, the key metrics to watch would be the adoption rate of Logility's GenAI solution by clients and the subsequent effect on Logility's revenue streams.
It's also important to monitor how this technology affects the competitive landscape. If Logility's solution can significantly outperform competitors' offerings, it may lead to an increase in market share. However, investors should be aware of the R&D and marketing expenses associated with rolling out such advanced solutions and how these costs might affect short-term profitability. Long-term, the investment in GenAI could position Logility as a leader in AI-driven supply chain solutions, potentially leading to sustained growth.
Transformative new capabilities extend AI-first planning solution
Today’s supply chain professionals are drowning in data, and precious hours are wasted in data collation and searching for answers from dashboards and reports that are quickly outdated. Logility’s GenAI is designed to improve productivity by providing actionable insights via a conversational interface that anyone from any department – sales, marketing, operations, or finance – can use to speak supply chain in users’ everyday language.
See Logility’s GenAI in action! https://utm.io/ugyKj.
Know Faster. Grow Faster.
Logility’s GenAI is designed to accelerate supply chain decision making, helping to dramatically increase access to information and the productivity of all team members involved in demand and inventory management. The new offering acts as a liaison that bridges departmental silos and helps organizations remove decision latency by moving from sequential processes to more fluid processes.
"We’re entering a new era in supply chain management, where speed and precision are not just desired, they're required," said Allan Dow, president of Logility. "Our GenAI is the embodiment of our commitment to innovation—delivering real-time insights, rapid decision-making, and increased market share. Our transformative supply chain platform empowers companies to meet the demands of today's dynamic market with confidence and strategic agility."
Supply Chain Insights for Everyone
Clients are leveraging our AI-first data structure for effortless explainability as a foundation that provides actionable insights from generative AI inquiries. Given the importance of forecasting, companies are starting with demand planning. With Logility’s GenAI, planners can query forecasts, sales history, and demand drivers for any product, location, or customer, for any time period, at any level of detail supported. They can see and analyze forecast changes leveraging large language models (LLMs) while staying within the guardrails of data security provided via Microsoft Azure.
Start your GenAI supply chain project today and see value in weeks. https://utm.io/ugyKh.
About Logility
Logility’s Digital Supply Chain Platform delivers optimized demand, inventory, manufacturing, and supply plans – helping to provide executives the confidence and control to increase margins and service levels, while delivering sustainable supply chains. Designed for speed and agility, Logility’s cloud-based platform provides an innovative blend of artificial intelligence (AI) and predictive analytics to help deliver integrated planning and operations across the end-to-end supply chain. Our prescriptive approach drives team alignment for over 650 clients in 80 countries with prioritized outcomes designed to create demonstrable value. Logility is a wholly-owned subsidiary of American Software, Inc. (NASDAQ: AMSWA). Learn more at logility.com.
Forward-Looking Statements
This press release contains forward-looking statements that are subject to substantial risks and uncertainties. References below to the company means Logility, Inc. There are a number of factors that could cause actual results or performance to differ materially from what is anticipated by statements made herein. These factors include, but are not limited to, continuing
Logility® is a registered trademark of Logility, Inc. Other products mentioned in this document are registered, trademarked or service marked by their respective owners.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240206250018/en/
Heather Coyle
Press@Logility.com
Source: Logility
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