Intertape Polymer Group Inc. Receives Prestigious 2008
Sailing to New Heights with Logility Award
Leading tape and film manufacturer recognized for supply chain excellence
Atlanta (June 4, 2008) – Logility, Inc. (NASDAQ: LGTY), a leading supplier of collaborative solutions to optimize the supply chain, today announced Intertape Polymer Group Inc., a leading tape and film manufacturer in North America, has received the 2008 Sailing to New Heights with Logility Award for supply chain excellence.
Intertape Polymer Group implemented Logility Voyager Solutions to increase visibility into customer demand and help build a more efficient supply chain. Rapid growth through acquisitions created complexity and several challenges within Intertape Polymer Group’s supply chain including a broad product portfolio that needed to be rationalized. As a result of the Logility deployment, Intertape Polymer Group has improved fill rates from less than 70% to 95%, increased forecast accuracy from 56% to 86%, reduced total inventory by $40 million year-over-year, built stronger internal collaboration and achieved higher customer service levels.
“Logility Voyager Solutions helped us significantly increase demand visibility and forecast accuracy, refine our inventory and replenishment planning processes and gain an overall more proactive supply chain,” said Joe Tocci, senior vice president of supply chain, Intertape Polymer Group. “We are honored to be recognized for the success that we have achieved in a short period of time with the support of Logility.”
Intertape Polymer Group was presented the 2008 Sailing to New Heights with Logility Award at Logility’s recent “Connections 2008: Saddle Up for Supply Chain Success” conference. Past recipients of the prestigious award include Nutra Manufacturing, Porsche, Remy International, Saks Incorporated, and Shaw Industries.
“Intertape Polymer Group was able to quickly achieve substantial improvements across a broad set of supply chain processes as a result of Logility Voyager Solutions, and we congratulate them on their success,” said Mike Edenfield, president and CEO, Logility. “We are proud to recognize the supply chain team at Intertape Polymer Group for their achievements and look forward to continuing our partnership by providing innovative solutions to support their future growth and profitability.”
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About Intertape Polymer Group
Intertape Polymer Group Inc. is a recognized leader in the development and manufacture of specialized polyolefin plastic and paper based packaging products and complementary packaging systems for industrial and retail use. Headquartered in Montreal, Quebec and Sarasota/Bradenton, Florida, the Company employs approximately 2,100 employees with operations in 17 locations, including 13 manufacturing facilities in North America and one in Europe.
About Logility
With more than 1,100 customers worldwide, Logility is a leading provider of collaborative, best-of-breed supply chain solutions that help small, medium, large and Fortune 1000 companies realize substantial bottom-line results in record time. Logility Voyager Solutions is a complete supply chain management solution that features performance monitoring capabilities in a single Internet-based framework and provides supply chain visibility; demand, inventory and replenishment planning; supply and global sourcing optimization; manufacturing planning and scheduling; transportation planning and management; and warehouse management. Logility customers include Bissell, Brown Shoe Company, Huhtamaki UK, McCain Foods, Pernod Ricard, Rand McNally, Sigma Aldrich, and VF Corporation. Logility is a majority owned subsidiary of American Software (NASDAQ: AMSWA). For more information about Logility, call 1-800-762-5207 or visit
www.logility.com.
Forward Looking Statements
This press release contains forward-looking statements that are subject to substantial risks and uncertainties. There are a number of factors that could cause actual results to differ materially from those anticipated by statements made herein. These factors include, but are not limited to, changes in general economic conditions, technology and the market for the Company's products and services including economic conditions within the e-commerce markets; the timely availability and market acceptance of these products and services; the effect of competitive products and pricing; the uncertainty of the viability and effectiveness of strategic alliances; and the irregular pattern of the Company's revenues. For further information about risks the Company could experience as well as other information, please refer to the Company's Form 10-K for the year ended April 30, 2006 and other reports and documents subsequently filed with the Securities and Exchange Commission. For more information about risks the Company could face as well as other information, contact Vincent C. Klinges, Chief Financial Officer, Logility, Inc., 470 East Paces Ferry Rd., Atlanta, GA 30305, (404) 261-9777. FAX: (404) 264-5206 INTERNET:
www.logility.com
or E-mail:
asklogility@logility.com | .
