Steelwedge Announces Strong Customer Growth for S&OP Solutions

Top Quote Steelwedge, the leader in cloud-based sales and operations planning (S&OP) and Integrated Business Planning (IBP), announced that it grew by more than 46 percent in the first two quarters of 2011. End Quote
  • (1888PressRelease) July 08, 2011 - Leading global companies in the consumer electronics, high-tech manufacturing and chemical industries selected Steelwedge to enhance their ability to recognize and respond profitably to critical demand and supply imbalances.

    Technology-enabled S&OP has become a management imperative for companies operating complex, global supply chains. Executives facing pressure to couple financial and operational planning, improve top-line revenue, further margins, manage demand volatility and reduce supply chain operating costs have embraced Steelwedge as a proven way to connect demand and supply decision making with profitability and customer service goals. In fact, companies that have rolled out best-in-class S&OP practices have realized big gains, including a year-over-year gross profit margin increase of 48 percent, according to a recent study published by AberdeenGroup.

    "Our customers have outperformed expectations by anticipating fluctuations in demand and making pricing, inventory and supply chain adjustments that are in perfect sync with strategic and financial priorities," explained Glen Margolis, CEO of Steelwedge. "We are pleased that global companies looking to respond profitably to demand and supply realities continue to depend on Steelwedge."

    The Steelwedge S&OP solution enables companies to work collaboratively to sense demand and balance capacity trade-offs while ensuring executive control over enterprise performance. The solution drives communication and consensus among the sales, marketing, finance, operations and supplier communities, allowing decision makers to assess market demand, evaluate "what-if" scenarios, align sales and production plans and measure performance. Deployed via the Cloud (Software-as-a-Service or SaaS), Steelwedge provides a highly scalable and very secure solution that is both affordable and easy to implement.

    About Steelwedge

    Founded in 2000, Steelwedge supercharges Sales and Operations Planning (S&OP) and Integrated Business Planning (IBP) with the power of automated collaboration and analytics. We build consensus among sales, marketing, finance, and the supply chain so that companies can work from a single plan toward shared goals. Executives depend on Steelwedge to understand fluctuating demand, balance sales and capacity trade-offs, connect S&OP with financial planning, and measure performance against strategic revenue and customer service targets. With more software-as-a-service (SaaS) S&OP deployments than all of our competitors combined, Steelwedge serves industry leaders including Air Products and Chemicals, Applied Materials, Canon, Emerson, Juniper Networks, NVIDIA, Sara Lee, Sony and Syngenta.

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