River Logic Inc. Only Vendor Named to Gartner Research on S&OP and Optimization
River Logic sole provider to offer both an optimization modeling platform and an S&OP System of Differentiation application
Jun 24, 2015, 08:15 ET
DALLAS, June 24, 2015 /PRNewswire/ -- River Logic Inc., a leading provider of prescriptive analytics and integrated business planning (IBP) software, proudly announced that it has recently been named by Gartner Inc. as one the major optimization software platforms in the Gartner Market Guide for Optimization Solutions1 and to the challenger quadrant in the "Gartner Magic Quadrant for Sales & Operations Planning (S&OP) Systems of Differentiation (SOD)2."
Gartner defines optimization as "a type of prescriptive analytics that finds a 'best' solution from a set of 'feasible' solutions using a mathematical algorithm that maximizes or minimizes a specified objective function subject to constraints." Optimization platforms are defined as "application design and authoring environments that allow skilled users to specify an optimization problem, design and run scenarios, and create a wide range of optimization applications."
Gartner defines Sales and Operations Planning (S&OP) System of Differentiation (SOD) as a software solution that supports a Stage 4 or higher-maturity S&OP process. To be included in this Magic Quadrant, vendors were required to demonstrate a significant number of deployments, significant global reach and strong coverage of S&OP SOD capabilities.
Inclusion in both Gartner publications is confirmation that River Logic is the only vendor to provide a prescriptive optimization platform and S&OP System of Differentiation capabilities. Thus customers and partners of River Logic have the ability to configure their own optimization models in an easy-to-use, drag and drop environment and to leverage the S&OP capabilities to deploy these prescriptive models as an integral part of a planning process.
In addition, the River Logic platform allows customers to innovate, due to its extensive modeling capabilities, on their S&OP processes and further differentiate themselves from the rest of the industry. As business conditions change, customers have direct control of their environment to adapt and update the models vs. having to rely on specialist vendor resources to make adjustments. Furthermore, the ability to achieve global financial optimization is critical to maximize the impact of S&OP and extend it to Integrated Business Planning. These abilities are prohibitive with highly packaged heuristic driven solutions or localized optimization based tools.
"We are thrilled that Gartner is recognizing the value of both prescriptive analytics (optimization) and S&OP Systems of Differentiation," said River Logic President Carlos Centurion. "The ability to deploy global optimization models that include a full picture of the enterprise which reflects the organization's strategic objectives and operational processes can significantly enhance financial performance and understanding. This value is truly realized when the integrated optimization model is accessible to a large number of business users through a collaborative process, thus spreading the knowledge and gaining tremendous agility," continued Centurion.
1 Gartner Market Guide for Optimization Solutions, Lisa Kart, May 28, 2015
2 Gartner Magic Quadrant for Sales & Operations Planning (S&OP) Systems of Differentiation (SOD), Tim Payne, April 29, 2015
About River Logic Inc.
River Logic provides prescriptive analytics and integrated business planning through the Enterprise Optimizer® (EO) and IBP platform products. EO provides unique insights into decision-making and significant gains in efficiency, cost and risk over traditional approaches. Clients leverage EO and IBP to make better operational, tactical and strategic decisions that integrate business planning. River Logic partners drive business transformation through rapid consulting projects and extend their analytic capabilities by easily embedding EO into their own solutions. For more information, please visit www.riverlogic.com.
Contact: Ben Pierce
Email: [email protected]
SOURCE River Logic, Inc.
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