WEG Joins the Logility Client Community
Logility, Inc., a leader in supply chain innovation powering the sustainable and resilient enterprise, has been chosen by WEG to support its global supply network management with the Logility Digital Supply Chain Platform.
Headquartered in Brazil, WEG is a world-leading supplier of electro-electronic equipment and solutions. Founded in 1961, the rapidly growing company now manufactures 19 million electrical motors annually. WEG chose Logility's sophisticated demand planning tool to support inventory replenishment on its distribution business in the United States.
"Today's supply chains provide resilience and support the need to sense and respond to market changes quickly, while turning challenges into growth opportunities," said Paulo Sérgio dos Santos, WEG's Chief Information Officer. "Logility's team made time to familiarize itself with WEG's unique planning processes and challenges leveraging inventories across our global network, and we are confident its solutions will positively impact our business."
"WEG is in the midst of significant expansion and needs a technology partner that can help anticipate, plan, execute and pivot to continue growth," said Allan Dow, president of Logility. "We are honored to be WEG's partner and welcome the company into our community of innovative supply chain professionals."
Accelerating the digital sustainable supply chain, Logility helps companies seize new opportunities, sense and respond to changing market dynamics and more profitably manage their complex global businesses. The Logility® Digital Supply Chain Platform leverages an innovative blend of artificial intelligence (AI) and advanced analytics to automate planning, accelerate cycle times, increase precision, improve operating performance, break down business silos and deliver greater visibility. Logility's SaaS-baed platform transforms sales and operations planning (S&OP) and integrated business planning (IBP) processes; demand, inventory and replenishment planning; global sourcing; quality and compliance management; product life cycle management; supply and inventory optimization; manufacturing planning and scheduling; retail merchandise planning, assortment and allocation. Logility clients include Big Lots, Husqvarna Group, Parker Hannifin, Sonoco Products and Red Wing Shoe Company. Logility is a wholly owned subsidiary of American Software, Inc. (NASDAQ: AMSWA). To learn how Logility can help you make smarter decisions faster, visit www.logility.com.
Founded in 1961, WEG is a global electro-electronic equipment company, operating in the capital goods sector a with focus on electric motors and drives, energy generation and transformers, electrification products and systems, automation and digitalization. WEG stands out in innovation by constantly developing solutions to meet the major trends in energy efficiency, renewable energy and electric mobility. With manufacturing units in 12 countries and present in more than 135 countries, the company has more than 37,000 employees worldwide. WEG's net revenue reached R$ 23.6 billion in 2021, 54% from external markets.
This press release contains forward-looking statements that are subject to substantial risks and uncertainties. References below to the Company means Logility, Inc. There are a number of factors that could cause actual results or performance to differ materially from what is anticipated by statements made herein. These factors include, but are not limited to, continuing U.S. and global economic uncertainty and the timing and degree of business recovery; the irregular pattern of the Company's revenues; dependence on particular market segments or clients; competitive pressures; market acceptance of the Company's products and services; technological complexity; undetected software errors; potential product liability or warranty claims; risks associated with new product development; the challenges and risks associated with integration of acquired product lines, companies and services; uncertainty about the viability and effectiveness of strategic alliances; American Software, Inc.'s ability to satisfy in a timely manner all Securities and Exchange Commission (SEC) required filings and the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 and the rules and regulations adopted under that Section; as well as a number of other risk factors that could affect the Company's future performance. For further information about risks the Company and American Software could experience as well as other information, please refer to American Software, Inc.'s current Form 10-K and other reports and documents subsequently filed with the SEC. For more information, contact: Kevin Liu, American Software, Inc., (626) 657-0013 or email [email protected].
Logility® is a registered trademark of Logility, Inc. Other products mentioned in this document are registered, trademarked or service marked by their respective owners.
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