Logility, Inc., a leader in prescriptive supply chain planning solutions, announced new functionality to its cloud-based (SaaS) Logility Digital Supply Chain Platform. New features leverage artificial intelligence (AI), machine learning (ML), and automation to continuously sense, analyze, and update activity in your digital supply chains. The release also deepens inventory, manufacturing, and ESG capabilities within the Logility platform.
Logility’s latest release to its Digital Supply Chain Platform also includes new cancel compliance form capability and legal compliance violation information—enabling better corporate responsibility management.
New platform capabilities include:
InventoryAI+ Dashboard
The newly introduced InventoryAI+ dashboard is designed as an easy-to-use, all-in-one overview that transcends traditional inventory management approaches. This feature streamlines the process by incorporating intelligent exceptions management, going beyond simple safety stock calculations. It directly addresses the challenge faced by users who seek an efficient means to identify and address exceptions in inventory data, allowing them to prioritize actions based on intelligent scoring using inventory economics for both excess and deficit stocks.
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Probabilistic Inventory Planning with Automated Inventory Policies
Sporadic demand items have posed a unique challenge in determining safety stock targets based on desired service levels. Logility’s novel Probabilistic Inventory Planning capability overcomes this challenge to determine the appropriate safety stock policy for items characterized as low and lumpy through Automated Inventory Policies—which automatically assigns the right policy to inventory at all stages of a product’s lifecycle. This approach goes beyond the limitations of traditional methods and empowers businesses to maintain the desired service levels without overstocking. With Probabilistic Inventory Planning you can make informed decisions based on statistical analysis, reducing the guesswork and uncertainty associated with lumpy or intermittent demand items.
Manufacturing Optimization – Cloud Configuration and Onboarding
With streamlined cloud configuration and onboarding, the Manufacturing Optimization application delivers a more optimal client experience. This update simplifies the process of data import, plant creation, and user support for clients utilizing cloud services. This involves the efficient loading of data and straightforward configuration, eliminating the need for intricate database manipulations and enabling users to perform these tasks directly within the application.
Vendor Management: Corporate Responsibility
Cancel Compliance Form
The cancel compliance form feature in the Vendor Management application addresses a critical need for Corporate Responsibility Advisors and Vendor Management Business Leads, enabling them to cancel compliance forms within the assessment process. This functionality facilitates continuous monitoring and corrective action plans by leveraging the information from the last assessment. Importantly, all parties involved, including vendors, suppliers, third parties, and other Corporate Responsibility members, will be notified of the assessment cancellation through alerts, fostering transparency and effective communication.
Legal Compliance Violation
The Logility platform can now capture legal compliance violation information based on region/country, identified by third parties during the approval or rejection of forms. This empowers authorized Corporate Responsibility Advisors to record and modify legal violation information, including legal reference numbers and verification details, aiding comprehensive and efficient compliance monitoring for all clients.
SOURCE: BusinessWire