PHOENIX, Ariz., May 17, 2016 (GLOBE NEWSWIRE) -- Steelwedge, the leading provider of cloud-based Integrated Business Planning solutions and services that inform better decision-making for global organizations, today announced a partnership with Opalytics, a cloud-based provider of analytics solutions to empower operations including Multi-Echelon Inventory Optimization (MEIO) solutions. Under the partnership, Opalytics’ MEIO algorithm will integrate with Steelwedge supply chain planning solutions to help customers set inventory levels based on demand planning and revenue forecasts. Opalytics—founded by MIT professor and Steelwedge Strategy Advisory Board Member Dr. David Simchi-Levi—was recently named as one of the four leading providers of MEIO by Forrester Research analyst Phoenix Zhang in her report, “Enhance The Supply Chain And Logistics To Improve Omnichannel Fulfillment.”
The announcement was made at the Gartner Supply Chain Executive Conference, held May 17-19 in Phoenix, Arizona. Gartner categorized Steelwedge as a leader in the 2015 Magic Quadrant for Sales & Operations Planning System of Differentiation.
“To plan effectively, you must be aware of the appropriate inventory levels at different locations to provide an accurate forecast of sales and operations,” said Steelwedge CEO Pervinder Johar. “The innovative Opalytics MEIO technology is a perfect fit for our cloud-based environment and will provide our customers with a greater level of insight when balancing demand and variability to determine appropriate inventory levels over specific time horizons.”
“An important part of operations planning is inventory positioning—where you keep your inventory in the supply chain, and how much inventory you keep, can make a big difference in performance,” said Opalytics Chairman and Founder Dr. David Simchi-Levi.
This morning, Tuesday May 17 at the Gartner Supply Chain Conference, Dr. Simchi-Levi will join Steelwedge Executive Vice President of Products Glenn Jones in leading “Divided You Fall: Why Uniting Sales, Supply Chain and Financial Planning is Your Only Option in a Modern World.” The speaking session begins at 11:30 AM MT in room Grand Canyon 7 at the JW Marriott Phoenix Desert Ridge Resort and Spa, and will focus on the modern realities that require unifying planning – strategic, operational, regional, sales and financial – to succeed consistently.
Visit Steelwedge at Booth #510 at the Gartner Supply Chain Executive Conference, May 17-19 in Phoenix, Arizona.
About Steelwedge
Organizations use Steelwedge’s cloud planning platform and services to align product, sales, demand, supply, strategy, operations and financial decisions across roles, geographies, products, time horizons, channels, customers and suppliers to improve efficiency and outcomes. Steelwedge’s PlanStreaming cloud platform combines predictive, prescriptive and responsive analytics and technology to equip organizations to be ready to act in time with opportunity, especially in highly competitive markets where continuous planning is essential and efficiently responding to changing conditions is advantageous. To learn more about Steelwedge, visit www.steelwedge.com.
About Opalytics
Opalytics’ mission is to provide a platform to deploy Analytics to empower Operations. The company was founded in January 2014 with the goal of creating a versatile platform to deploy machine learning and optimization solvers. With the explosion of data analytics needs, this can provide a path for companies to quickly solve their unique problems as well as customize existing solutions to their needs. The Opalytics Cloud Platform (OCP) also includes off the shelf network risk, multi-echelon inventory optimization, network design and clustering solutions. To learn more about Opalytics, visit www.opalytics.com.