SOURCE: Steelwedge

Steelwedge

December 07, 2010 10:00 ET

Steelwedge Announces Rapid Adoption of Sales and Operations Planning Solutions

PLEASANTON, CA--(Marketwire - December 7, 2010) - Steelwedge, the leader in cloud-based sales and operations planning solutions (S&OP), announced today that its customer base grew by more than 50 percent in the first three quarters of 2010. Global energy and process industry organizations such as BP, a Fortune 50 producer of chemicals, fast-growing high tech manufacturers including RadiSys, the world's leading consumer electronics provider, and the largest agricultural producer on earth have all selected Steelwedge to dramatically enhance their ability to recognize and respond profitability to critical demand and supply imbalances.

Technology-driven S&OP has quickly become a management necessity for companies operating complex, global supply chains in today's climate of uncertainty and risk. Executives facing pressures to improve top-line revenue and margins, manage demand volatility, and reduce supply chain operating costs have tapped Steelwedge to drive an integrated business planning (IBP) that unifies financial and operational planning. 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 Aberdeen Group.

"Our customers have outperformed expectations by anticipating fluctuations in demand and making pricing, inventory and supply chain adjustments that are in perfect sync with revenue, margin and customer service goals," explained Glen Margolis, CEO of Steelwedge. "We are pleased that Steelwedge has played a central role in enabling global leaders to respond profitability to demand and supply realities with speed and confidence."

The Steelwedge S&OP solution allows companies in manufacturing industries to work collaboratively to "sense" demand and balance capacity trade-offs. The solution's integrated business planning platform 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 [SaaS] basis), Steelwedge provides a scalable and secure solution that is easy to implement and affordable.

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. 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 cloud-based S&OP deployments than all of our competitors combined, Steelwedge is proud to serve leading companies including DIRECTV, Emerson, General Electric, Hewlett Packard, Juniper Networks, NVIDIA, Sara Lee and Syngenta.

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