Logility Inc., the supplier of collaborative solutions to optimise the supply chain, has announced KGP Logistics, one of the country's largest single-source value-added suppliers of supply chain services, communications equipment and integrated solutions to the telecommunications industry, has received the "Sailing to New Heights with Logility" award. Presented at Logility's Connections 2012, the award recognises a company who has demonstrated exceptional innovation in its effort to implement a collaborative supply chain process that significantly improves operations. Photos can be found at www.logility.com/sails. Previous winners include Verizon Wireless, Sigma Aldrich, Nutra Manufacturing, and Intertape Polymer Group.
KGP Logistics' primary challenge was to accurately forecast its product sales, manage inventory targets and optimize supply plans to achieve customer service levels while accelerating inventory turns. KGP Logistics was also challenged with the post-acquisition integration of two companies which generated a highly complex supply chain network with multiple inventory replenishment and purchasing processes. The company realised it needed to take advantage of the advanced supply chain optimisation capabilities of Logility Voyager Solutions to achieve its business goals and create ongoing value for its growing customer and supplier network.
"Logility Voyager Solutions helps us segment our customer demand and forecasts at meaningful levels ranging from the highest levels of aggregation to the lowest levels of granularity," said Nicole Pemberton, director of procurement and inventory management, KGP Logistics. "Logility's flexibility allows us to more closely collaborate with our internal team as well as external customers and suppliers resulting in actionable intelligence we can now incorporate into forecasts, inventory and supply plans. We are honored to be recognized for the outstanding achievements of our entire supply chain team."
At KGP Logistics the results driven by the Logility Voyager Solutions implementation have been significant. In the six months since completing the final phase of implementation, KGP Logistics achieved several percentage points of improvement in MAPE (mean absolute percent error) forecast accuracy at an item / location level and a 25 percent reduction in forecast to actual demand value variance.
"We congratulate the KGP Logistics supply chain team on their achievements and are honored to work closely with them to provide a more efficient and effective supply chain platform that will support their business today and well into the future," said Mike Edenfield, president and CEO, Logility. "The Sailing to New Heights with Logility Award is our highest customer recognition and KGP Logistics has shown through its innovative use of Logility Voyager Solutions how the supply chain can reduce costs through improved forecast accuracy, better inventory utilisation and optimized supply planning while improving customer service."
Recognised industry-wide for its rapid implementation, quick ROI and ease-of-use, Logility Voyager Solutions is a comprehensive supply chain management solution suite which features performance monitoring capabilities to increase supply chain visibility and operational efficiency 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.