Quantcast
 
New book by Larry Connors Click here Improve your trading - See how


 

Rafaella Apparel Group Eliminates Inventory Levels by 40% with Demand Solutions Software

Tue. October 27, 2009; Posted: 10:30 AM
Stocks RSS
ST. LOUIS, Oct 27, 2009 /PRNewswire via COMTEX/ -- AMSWA | Quote | Chart | News | PowerRating -- Demand Management, Inc., a global resource for managing the supply chain for small and midsized enterprises, announced today that Rafaella Apparel Group identified and eliminated a 40 percent excess in inventory with the help of Demand Solutions supply chain management software.

Rafaella Apparel Group, a designer, sourcer and marketer of women's clothing since 1982, is known for providing functional and fashionable clothing for women's work and life wardrobes. In order to propel its profits, the company replaced its time-consuming, manual inventory planning process with Demand Solutions Forecast Management and Requirements Planning software. The demand planning and inventory replenishment software has enabled the apparel company to forecast more accurately, increase efficiency and optimize inventory.

"Three years ago, our company thought that it was effectively managing its inventory, so it was quite a shock when Demand Solutions identified an excess of 40 percent," said Rafaella Apparel Group's director of retail planning and replenishment Sean Carolan. "Though the reality was difficult to digest, Demand Solutions kept our inventory problem from spiraling out of control and helped us take deliberate action in advance of the recession."

"Inventory planning in a recession is like working in fast forward," said Carolan. "By the time the system or anyone can detect a demand trend, it changes. Because the planning methods in Demand Solutions are not solely based on statistical equations, we can incorporate our own intelligence - which has proven to be critical in recent months."

"Inventory planning for apparel companies is especially complex during a recession," said Demand Management president Bill Harrison. "Not only do organizations have to manage the seasonality and long lead times of thousands of SKU combinations, companies must now also consider the financial stability of suppliers and trading partners. These factors among others create an environment that fosters excess inventory. Helping Rafaella Apparel Group address these pain points and eliminate a 40 percent inventory excess before the recession demonstrates our focus to empower a competitive advantage for our customers through effective demand and inventory planning."

To read the full Rafaella Apparel Group case study, visit http://www.demandsolutions.com/case-studies/DSMag-2010-Rafaella.pdf

About Demand Management, Inc.

Demand Management, Inc. (DMI) is a global resource for software, support, services and training for maximizing profits in manufacturing, distribution and retail operations. More global supply chains depend on DMI's Demand Solutions than any other system for forecasting, demand planning and point-of-sale analysis. For more information on DMI, visit www.demandsolutions.com. Demand Management is a wholly-owned subsidiary of Logility which is a wholly-owned subsidiary of American Software (Nasdaq: AMSWA).

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, 2009 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: HTTP://www.logility.com or E-mail asklogility@logility.com. All trademarks are properties of their respective owners.

SOURCE Demand Management, Inc.

http://www.demandsolutions.com
For full details for AMSWA click here.

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Related News [AMSWA]
  UPCOMING EVENTS
Learn new strategies, how to trade in this market, and the stocks you should be focusing on each day. Join us for our free 20 minute tele-seminars during the week.
* Attendance is strictly limited and are filled on a first-come, first-served basis.
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302

© Copyright 2009 The Connors Group, Inc.


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2009 The Connors Group, Inc.