TL;DR:
- Logility has released new features for its Logility Digital Supply Chain Platform.
- These features incorporate AI, ML, and automation for continuous supply chain monitoring.
- InventoryAI+ Dashboard streamlines inventory management with intelligent exception handling.
- Probabilistic Inventory Planning optimizes safety stock targets for sporadic demand items.
- Manufacturing Optimization offers a more user-friendly cloud configuration and onboarding process.
- Cancel Compliance Form enhances Corporate Responsibility management with transparency and alerts.
- Legal Compliance Violation enables comprehensive compliance monitoring based on region/country.
Main AI News:
Logility, a frontrunner in prescriptive supply chain planning solutions, is propelling supply chain management to new heights with its recent enhancements to the Logility Digital Supply Chain Platform. This cloud-based (SaaS) solution harnesses the power of artificial intelligence (AI), machine learning (ML), and automation, delivering a continuous pulse on your digital supply chains. Moreover, this release amplifies inventory, manufacturing, and ESG capabilities within the Logility platform.
InventoryAI+ Dashboard: Revolutionizing Inventory Management
The newly unveiled InventoryAI+ dashboard reimagines inventory management with an intuitive, all-encompassing interface that transcends conventional approaches. It not only simplifies inventory data management but also employs intelligent exception handling, going beyond mere safety stock calculations. Users can now efficiently identify and address inventory exceptions, enabling them to prioritize actions based on intelligent scoring that considers inventory economics for both surplus and deficit stocks.
Probabilistic Inventory Planning: Taming the Unpredictable
Sporadic demand items have long been a challenge in determining safety stock targets for optimal service levels. Logility’s groundbreaking Probabilistic Inventory Planning capability tackles this issue head-on by automatically assigning the right policy to low and lumpy items throughout their lifecycle. This approach eliminates the limitations of traditional methods, empowering businesses to maintain desired service levels without overstocking. Say goodbye to guesswork and uncertainty with Probabilistic Inventory Planning, which relies on statistical analysis to make informed decisions for lumpy or intermittent demand items.
Manufacturing Optimization: A Seamless Experience
Streamlining cloud configuration and onboarding, the Manufacturing Optimization application enhances the client experience. This update simplifies data import, plant creation, and user support for cloud service users. It eliminates the need for intricate database manipulations, enabling users to perform tasks directly within the application and making manufacturing optimization more accessible and efficient.
Cancel Compliance Form: Empowering Corporate Responsibility Management
The cancel compliance form feature in the Vendor Management application addresses a crucial need for Corporate Responsibility Advisors and Vendor Management Business Leads. It facilitates the cancellation of compliance forms within the assessment process, fostering continuous monitoring and corrective action plans. All involved parties, including vendors, suppliers, third parties, and Corporate Responsibility members, are kept in the loop through alerts, promoting transparency and effective communication.
Legal Compliance Violation: Robust Compliance Monitoring
The Logility platform now empowers authorized Corporate Responsibility Advisors to capture and manage legal compliance violation information based on region/country. This information is identified by third parties during the approval or rejection of forms, enabling comprehensive and efficient compliance monitoring for all clients. Legal reference numbers and verification details can be recorded and modified, ensuring robust compliance oversight.
Conclusion:
Logility’s latest release enhances supply chain management with AI and ML, providing businesses with more efficient inventory management, better compliance management, and improved manufacturing optimization. This advancement positions Logility as a key player in the evolving supply chain technology market, offering solutions that empower businesses to navigate complexities and uncertainties effectively.
