Introduction to InventoryAI+
Logility's InventoryAI+ is a cutting-edge solution that leverages advanced AI to help businesses escape the constant struggle between margins and service levels. With intelligent scoring capabilities, InventoryAI+ enables companies to optimize their inventory management processes by tackling issues such as overstocks, stockouts, and poor service levels that often result from using outdated legacy systems. By providing real-time insights and alerts, InventoryAI+ allows businesses to gain immediate visibility into their inventory performance and make informed decisions to drive profitability and customer satisfaction.
Customer Success Stories with InventoryAI+
The impact of InventoryAI+ is exemplified by the success story of one of the largest furniture manufacturers in the world, which saw a 36% improvement in inventory turns, a 30% reduction in lead time, and optimized safety stock levels across its network. This translated to enhanced customer service levels and operational efficiency. By leveraging InventoryAI+, businesses can significantly lower inventory levels without compromising service, meet customer demands consistently, optimize profitability, respond quickly to market changes, and make informed decisions based on AI-driven insights.
Logility Expert Advisor (LEA) and Generative AI
In addition to InventoryAI+, Logility offers the powerful generative AI solution Logility Expert Advisor (LEA). LEA provides actionable insights through its conversational interface and integration with large language models. Businesses can use LEA for various purposes such as achieving higher efficiency and visibility in planning, identifying causality in demand and supply imbalances, making real-time supply chain adjustments, and optimizing service parts management. By utilizing LEA, organizations can bridge departmental silos, accelerate decision-making, and effectively manage supply chain complexities to enhance overall financial performance.
Service Parts Management and Optimization
Logility also emphasizes the importance of Service Parts Planning and Optimization (SPP) in driving successful post-sale support, boosting profits, securing customer loyalty, and managing the challenges of intermittent demand. By incorporating SPP into their operations, businesses can streamline service operations, improve profitability, and deliver superior customer experiences. Maegan Huber, Forecasting and Inventory Optimization Supervisor, highlights how Logility's solutions provide the visibility needed to optimize the entire supply chain, enabling businesses to place inventory strategically to meet customer requirements efficiently.