Verizon Wireless receives 2011 Sailing to New Heights with Logility Award

Logility Inc., supplier of collaborative solutions to optimise the supply chain, has announced that Verizon Wireless has received the "Sailing to New Heights with Logility" award. Presented at Logility's "Connections 2011: Navigate the Voyage to Supply Chain Excellence," the award recognises a company who has demonstrated exceptional innovation in its effort to develop and implement a collaborative supply chain process that significantly improves operations.

 
As Verizon Wireless experienced tremendous growth, especially in its smartphone business, one of the challenges faced was managing imbalances within the supply chain driving inventory build-up across distribution points. The company identified the need to link retail store replenishment to the procurement plan to reduce safety stock, lower inventory levels, and reduce obsolescence while maintaining superior service levels. Through its use of Logility Voyager Solutions, Verizon Wireless has been able to manage to a comprehensive supply chain plan and common set of data, enabling collaboration across departments.
 
"Logility Voyager Solutions enables us to stay ahead and meet the needs of our customers with the right product at the right time," said Viju Menon, vice president, supply chain, Verizon Wireless. "Our ability to optimise inventory, maintain service levels and increase visibility across our supply chain are key elements of our success. Logility provides a single source for our end to end planning, and a common mechanism for collaborating with our OEMs. We are honored to be recognised for the outstanding achievements of our entire supply chain team."
 
Logility Voyager Solutions is leveraged by several organisations within Verizon Wireless including equipment replenishment, forecasting and procurement, accounting, and the supply chain management organisation. This enables global inventory visibility from an enterprise as well as store level standpoint, driving improvements in inventory while mitigating the risk of obsolescence.
 
"We congratulate Verizon Wireless and its entire supply chain team on their achievements and are honoured to work closely with them," said Mike Edenfield, president and CEO, Logility. "The Sailing to New Heights with Logility Award is our highest customer recognition and Verizon Wireless has shown through its innovative use of Logility Voyager Solutions how the supply chain can be a competitive differentiator."
 
Recognised industry-wide for its rapid implementation, quick ROI, ease-of-use, and ability to solve complex problems, Logility Voyager Solutions is a comprehensive supply chain solution suite which features performance monitoring capabilities to increase supply chain visibility and boost performance in key areas including demand, inventory and replenishment planning, sales and operations planning (S&OP), manufacturing planning and scheduling, supply and inventory optimisation, transportation planning and management, and warehouse management.