SOURCE: Steelwedge Software, Inc.
PLEASANTON, CA--(Marketwire - Aug 30, 2012) - Steelwedge, the leader in cloud-based sales and operations planning (S&OP) solutions announced its inclusion in the new Marketscope for Stage 3 Sales & Operations Planning, 2012, published on August 23, 2012 by Gartner, the leading IT research and advisory firm.
The S&OP market is expected to exceed $1.25 billion in revenue by 2016. The fastest-growing portion of the market is for cloud-based solutions, where Steelwedge believes it commands the largest global market share. Cloud-based S&OP solutions are becoming the de facto standard for their ease of use, implementation and quick time to value.
Steelwedge was positive against all the Marketscope report criteria including: market understanding, product strategy, geographic strategy, viability, innovation, product/service and customer experience. The company is also on target for doubling its growth in 2012.
The report outlines the recent evolution of S&OP from its roots as a supply chain process to its potential as a key integrated business planning process.
"Gartner's new report looks at the powerful combination of advanced S&OP technology and process maturity, to help companies move from balancing supply and demand to creating a foundation for agile corporate decision making," said Glen Margolis, CEO of Steelwedge. "It is a vision we've been advancing for more than five years. Our customers and prospects -- from Asia to Europe to North America -- are embracing this direction to drive growth in a volatile, interconnected world."
Steelwedge provides a single, cloud-based platform solution that allows companies to grow their planning process from Level 1 through Level 4 S&OP. The first S&OP vendor to move to the cloud, Steelwedge supports 100% of its customers via its cloud-based, subscription model. Large global businesses, including Lenovo, MetroPCS, and Syngenta are deployed on Steelwedge
About the MarketScope
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Founded in 2000, Steelwedge is the leading Integrated Business Planning (IBP) solution provider. Steelwedge's cloud-based Sales & Operations Planning (S&OP) software connects people, process and technology to power a single view of a company's business, powering reliable "what if" scenario modelling that pinpoints the financial impact of supply-demand trade-off decisions. Some of the world's leading companies including Sony, Lenovo, Jaguar Land Rover, MetroPCS, Applied Materials and Emerson trust Steelwedge to help them mitigate risk and rapidly adapt to global economic, political and environmental change through best-in-class S&OP. Visit www.steelwedge.com.