Logility Inc, the provider of supply chain optimisation and retail planning tools, has added two new solutions to help retailers save time and boost performance.
The new Dynamic Allocation and Replenishment capability within Logility Voyager Retail Optimization enables retailers with multiple distribution centres to automatically allocate and replenish merchandise to each store location or channel from any combination of distribution centres to boost inventory velocity and support each location’s ability to meet financial plans.
Many retailers have a time-consuming manual process that statically defines allocation and replenishment lanes based on a one-to-one relationship between distribution centre and channel or store location.
When merchandise is not available from a predetermined source, the retail location must either wait for its distribution centre to replenish inventory or have an analyst manually intervene to accelerate the process. This situation often leads to disappointed customers, lost sales, costly transfers and lower margins.
Logility says its Dynamic Multi-Source Allocation and Replenishment algorithm evaluates the entire distribution network to identify the most cost-effective replenishment location while simultaneously prioritising channel/store locations based on business rules.
The software firm’s second innovation is the use of Artificial Intelligence (AI), Machine Learning (ML) and social signals such as tweets to drive new insights and help transform data into action.
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By GlobalDataThese embedded Advanced Analytics are based on the company’s recent acquisition of Halo Business Intelligence – and they leverage the merchandise, assortment, allocation and replenishment data available in the Logility Voyager Retail Optimization platform, as well as unstructured data from social signals such as Twitter.
Logility deal to turn suppy chain data into action
“Logility Voyager Retail Optimization’s Advanced Analytics help retailers rapidly transform mountains of unused data into actionable insights to guide their decisions, increase confidence and evaluate multiple scenarios,” the company says.
It adds: “These purpose-built Advanced Analytics provide quicker access to sales, inventory and margin insights and deliver rich visualisations to rapidly compare actual performance to plans. In addition, heat maps and trend analysis help retail executives focus on opportunities with the greatest potential to impact channel, product and regional performance.”
