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Logility Launches Corporate Responsibility Solution, Helping Businesses Track Social Compliance and Environmental Status of Suppliers
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
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Rhea-AI Summary
Logility, Inc. has announced the release of its software version 21.02, aimed at enhancing corporate responsibility and supply chain traceability. This update integrates transparency, sustainability, and resilience into global supply chains.
The update provides visibility into suppliers’ social compliance, emissions management, and corrective action plans.
Additionally, it offers improved inventory planning tools and a user-friendly demand forecast dashboard for better decision-making.
Positive
Enhancements in supply chain transparency and corporate social responsibility.
Improved visibility into supplier compliance and emissions management.
New inventory planning tools and demand forecast dashboard for better decision-making.
Negative
None.
Logility 21.02 powers technology to ensure sustainable, ethical practices that support brand integrity and corporate responsibility
ATLANTA--(BUSINESS WIRE)--
Logility, Inc., a leader in supply chain innovation powering the sustainable and resilient enterprise, today announced its latest software release which supports corporate social responsibility and supply chain traceability goals.
The 21.02 release builds transparency, sustainability and resilience into today’s complex global supply chains. Logility’s corporate responsibility solution fosters a strong, collaborative supply network, and enhances corporate reputation with consistent social and environmental data that drives ethical sourcing decisions, transparent reporting and better risk management across the supply network. The release provides brands with:
Visibility into social compliance information across all suppliers from a company’s supply network
Ability to perform, review, monitor and submit corrective action plans regarding all aspects of social compliance
Environmental status to ensure all suppliers/providers are compliant in terms of good corporate responsibility practices
Ability to review total emissions by each supplier as well as perform root cause analysis to understand reasons behind variances that may require action via a notice/corrective action plan
Additionally, the release includes reimagined inventory planning and optimization functionality, enhancements to raw materials traceability, enhanced notification capabilities and a new-look demand forecast value-add dashboard that increases accessibility and readability for all decision-makers.
“Conscious consumers value brands that go above and beyond to ensure they are operating a completely ethical and sustainable supply chain, pushing corporate responsibility to the forefront of business leaders’ minds today,” said Mark Balte, SVP of Product Innovation, Logility. “Logility empowers companies to reach their social and environmental goals, and with our 21.02 release, we have been able to increase our impact, and further amplify our customers’ missions.”
Accelerating the digital sustainable supply chain, 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, Husqvarna Group, Parker Hannifin, Sonoco Products and Red Wing Shoe Company. 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 or performance to differ materially from what is anticipated by statements made herein. These factors include, but are not limited to, continuing U.S. and global economic uncertainty and the timing and degree of business recovery; the irregular pattern of the Company’s revenues; dependence on particular market segments or customers; competitive pressures; market acceptance of the Company’s products and services; technological complexity; undetected software errors; potential product liability or warranty claims; risks associated with new product development; the challenges and risks associated with integration of acquired product lines, companies and services; uncertainty about the viability and effectiveness of strategic alliances; American Software, Inc.’s ability to satisfy in a timely manner all Securities and Exchange Commission (SEC) required filings and the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 and the rules and regulations adopted under that Section; 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 SEC. 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.
What new features are included in Logility's 21.02 software release?
Logility's 21.02 release includes supply chain transparency enhancements, social compliance visibility, emissions management, and improved inventory planning tools.
How does Logility's release support corporate social responsibility?
The release enables companies to monitor social compliance and emissions, helping them make ethical sourcing decisions and enhance their corporate reputation.
When was Logility's 21.02 software release announced?
Logility announced the 21.02 software release on the date indicated in the press release.
What company owns Logility?
Logility is a wholly owned subsidiary of American Software, Inc., which trades under the ticker AMSWA.
