Logility, Inc., a leader in prescriptive supply chain planning solutions, has recently made a significant move by entering into a definitive agreement to acquire Garvis, an innovative SaaS startup. This strategic agreement, finalized earlier this month, combines the strengths of both companies to introduce a groundbreaking supply chain planning concept, DemandAI+. The industry is set to shift from traditional demand and inventory planning methods towards a faster, more responsive approach with DemandAI+.
Piet Buyck, CEO, Garvis, mentioned,
Our clients have realized epic results by using AI-driven algorithms and natural language interfaces to gain insights into the peaks and troughs of demand and quickly communicate that knowledge to the rest of the organization.
[Source – Business Wire]
The results had included a 70% reduction in weekly planning time, a 15-30% decrease in forecast error, and enhanced inventory management, all achieved with remarkably swift implementation times, added Piet.
The forward-looking solution seamlessly merges Generative AI with machine learning algorithms, revolutionizing the planning landscape. Planners, executives, and non-planners can now obtain real-time answers to unanticipated questions, facilitating transparency and enabling more informed decision-making while drastically reducing planning time. This strategic alignment positions Logility and Garvis as pioneers in the evolution of supply chain planning, with DemandAI+ as a powerful tool for businesses seeking to stay agile and competitive in today's dynamic market.
Integrating DemandAI+ into the Logility Digital Supply Chain Platform is pivotal in planning supply. The acquisition is anticipated to yield substantial benefits, with accretive results expected within 12 months. It solidifies Logility's position as a trailblazer in supply chain planning by harnessing the power of Generative AI, advanced AI-driven algorithms, and machine learning. This comprehensive approach encompasses everything from base demand to promotional lift, causal forecasts, external data, and user insights within a single solution, elevating forecast accuracy and ensuring organizations are well-aligned in today's ever-changing market landscape.
With a track record of success in over 70 implementations, clients have experienced the transformative power of DemandAI+ in translating buying behavior, market dynamics, and various events into precise forecasts across products, locations, and customer segments. DemandAI+ empowers companies to respond swiftly to changing conditions, ultimately enhancing forecast accuracy and service levels, even for products with high promotion, strong seasonality, or intermittent demand patterns.
About Logility
Logility, Inc., a digital sustainable supply chain company, empowers businesses to capitalize on emerging opportunities, swiftly adapt to shifting market dynamics, and enhance the profitability of their intricate global operations. The Logility Digital Supply Chain Platform represents a fusion of cutting-edge artificial intelligence and advanced analytics, facilitating the automation of planning processes, expediting cycle times, heightening precision, optimizing operational efficiency, dissolving organizational silos, and delivering unparalleled transparency. In addition, this SaaS-based platform revolutionizes an array of critical functions, including S&OP, integrated business planning (IBP), demand, inventory, and replenishment planning, global sourcing, quality and compliance management, product life cycle management, supply and inventory optimization, manufacturing planning and scheduling, and retail merchandise planning, assortment, and allocation.