The business to business (B2B) supply chain network operator hopes to move the company ahead in terms of offering Sales & Operations Planning (S&OP) / Integrated Business Planning (IBP) solutions to its customers. “The combination delivers the first collaborative sales and operations planning solution that integrates information across multi-enterprise business networks,” E2open said in a press release.
“E2open’s goal is to be the one place, in the cloud, for companies to operate their supply chains in real time. Adding S&OP capabilities increases the breadth of solutions we can offer to our customers, and multiplies the value we deliver,” said E2open CEO Michael Farlekas.
This deal extends a pattern of E2open extending its capabilities through acquisition. In June 2016, the company acquired Orchestro, a provider of demand signal repositories and preemptive analytics for retail and omni-channel fulfillment. Earlier in the year, E2open bo ught Terra Technology, a supply chain solutions provider. The company used the capabilities from these mergers to combine Point of Sale (POS) data from the channel along with cognitive learning and demand sensing algorithms, to improve demand forecast accuracy, Farlekas said.
Founded in 2000, Steelwedge’s solutions help companies 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. “Our clients have told us that simply focusing on planning is not enough and they need the ability to execute what they plan,” said Pervinder Johar, CEO at Steelwedge. “By joining our companies, we pair Steelwedge’s best-in-class planning with E2open's operating capabilities and business network to deliver real-time information and responsiveness companies need in today’s fast-moving environments.”
Steelwedge’s roster of clients includes several notable global electronics and automotive companies including Canon, HP, Jaguar Land Rover, Lenovo, and Nissan.
The terms of the deal were not disclosed.