Logility, an Atlanta, GA-based company which specializes in prescriptive supply chain planning solutions, acquired Garvis, an Antwerp, Belgium-based SaaS startup that combines large language models (ChatGPT) with AI-native demand forecasting.
The amount of the deal was not disclosed.
Led by CEO Piet Buyck, Garvis leverages Generative AI, external data, and AI-driven algorithms, to make demand planning forecasting easy, accessible, and explainable while keeping it in the planners’ control.
Garvis’ AI-first forecasting solution, now called DemandAI+, digitizes supply chain relationships and exposes that data to any stakeholder across the organization. By asking questions planners, executives, and non-planners alike get answers to unanticipated queries in real-time, providing transparency for more informed decisions that saves planning time. DemandAI+, built for the cloud, will be embedded into the Logility® Digital Supply Chain Platform as the solution for demand forecasting.
The acquisition, which is expected to be accretive within 12 months, advances Logility as a supply chain planning platform leveraging Generative AI, advanced AI-driven algorithms, and machine learning.
Led by Allan Dow, president, Logility offers a digital supply chain platform that delivers prescriptive demand, inventory, manufacturing, and supply plans – helping to give executives the control needed to increase margins and service levels, while delivering sustainable supply chains. Designed for speed and agility, its (SaaS) cloud-based platform combines artificial intelligence (AI) and predictive analytics to help deliver integrated planning and operations across the end-to-end supply chain.
FinSMEs
11/09/2023