Logility Customers Stanley Black & Decker and CooperVision Receive the 2012 Manufacturing Leadership 100 Award from Manufacturing Executive
Leading Global Manufacturers Recognized for their Supply Chain Innovation
ATLANTA--(BUSINESS WIRE)-- Logility, Inc., a leading supplier of collaborative solutions to optimize the supply chain, is proud to announce both Stanley Black & Decker and CooperVision have been named recipients of Manufacturing Executives 2012 Manufacturing Leadership 100 Award. Stanley Black & Decker and CooperVisions winning projects in the Global Value Chain category highlight each companys successful programs to revamp and optimize their supply chains through the use of Logility Voyager Solutions".
The Manufacturing Leadership 100 Awards (ML100), presented by Manufacturing Executive and in their eighth year, honor manufacturing companies and individual manufacturing leaders who help shape the future of global manufacturing. The ML100 judges evaluated nominations on the following four criteria: process impact, business impact, strategic impact, and use of technology. In addition, the judges based their selection on projects which have helped set each company apart from the competition, delivered a clear and compelling return on investment, and have rethought and reengineered how they source, produce, and deliver products to customers in dynamic global markets.
Stanley Black & Decker, a full line manufacturer that produces almost every hand tool, power tool, and accessory professionals and do-it-yourselfers need to complete their projects, set out to improve fill rates and customer service while reducing inventory levels across its global operations. The team identified multi-echelon inventory optimization (MEIO) as the approach with the greatest tangible impact and rapid return on investment to the organization. Logility Voyager Inventory Optimization solution enables Stanley Black & Decker to assess strategic projects like manufacturing and distribution footprint changes, support for lead time reduction efforts, and evaluate customer-driven changes to distribution or terms. Stanley Black & Deckers planners now have a more powerful and precise process for setting inventory targets, have higher confidence in the goals, and do less second guessing, investigating, and defending. They have more time to spend proactively seeking information to avoid problems and look for ways to improve inventory turnssuch as driving projects. To learn more about Stanley Black & Deckers inventory optimization efforts, watch the webcast Is Your Inventory A Competitive Advantage?.
CooperVision, one of the worlds largest manufacturers of contact lenses, achieved significant revenue growth over the past few years. Today, the company manages more than 1 million SKUs (stock keeping units) across multiple brands and private label offerings. This creates a complex global supply chain that requires greater visibility to drive more accurate demand plans across product lines. Through its use of Logility Voyager Solutions CooperVision can now view data at a more granular level and understand the underlying causes of change in supply and demand. This enhanced visibility improves the connectedness of the front and back ends of the supply chain allowing information to be shared among involved parties, and enables the supply chain team to prepare for and proactively manage challenges and opportunities as they arise. Through this initiative, CooperVision has removed excess inventory allowing it to reinvest capital and intelligently allocate inventory to position the company for growth. To learn more about CooperVisions supply chain initiative, watch Managing SKU Complexity.
Todays competitive markets demand highly efficient and effective supply chains to help keep costs down and service levels high, said Mike Edenfield, president and CEO, Logility (LGTY). Stanley Black & Decker and CooperVision are excellent examples of companies which have placed supply chain innovation as a top priority and realized tangible results from their efforts and use of Logility Voyager Solutions. All of us at Logility congratulate the supply chain teams at both companies for this deserving recognition.
Stanley Black & Decker and CooperVision will be honored and presented with their awards at the Awards Gala held at the Manufacturing Leadership Summit on May 2, at The Breakers in Palm Beach, FL.
About the ML100 Awards
The ML100 Awards (www.ml100awards.com), created eight years ago as the Progressive Manufacturing 100 Awards, have established themselves as the premier program for honoring transformational business projects, innovation, and excellence in a variety of manufacturing categories including operational excellence and sustainability, global value chain, and workforce development excellence. The ML100 Awards are presented at the Manufacturing Leadership Summit. Both are part of the Manufacturing Executive portfolio of services, which also includes the Manufacturing Leadership Council and the Manufacturing Executive Leadership Journal.
With more than 1,250 customers worldwide, Logility is a leading provider of collaborative, best-of-breed supply chain solutions that help small, medium, large and Fortune 1000 companies realize substantial bottom-line results in record time. Logility Voyager Solutions is a complete supply chain management solution that features a performance monitoring architecture and provides supply chain visibility; demand, inventory and replenishment planning; Sales and Operations Planning (S&OP); supply and inventory optimization; manufacturing planning and scheduling; transportation planning and management; and warehouse management. Logility customers include McCain Foods, Sigma-Aldrich, and VF Corporation. Logility is a wholly owned subsidiary of American Software, Inc. (NASDAQ: AMSWA). For more information about Logility, call 1-800-762-5207 USA or visit www.logility.com.
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 Logilitys 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 Companys future performance. For further information about risks the Company and American Software could experience as well as other information, please refer to American Software, Incs. Form 10-K for the year ended April 30, 2011 and other reports and documents subsequently filed with the Securities and Exchange Commission. For more information, contact: Vincent C. Klinges, Chief Financial Officer, American Software, Inc., (404) 264-5477 or fax: (404) 237-8868.
Logility is a registered trademark and Logility Voyager Solutions is a trademark of Logility, Inc. Other products mentioned in this document are registered, trademarked or service marked by their respective owners.
Justin Siefert, 404-264-5485
Source: Logility, Inc.Copyright Business Wire 2012