RapidResponse® chosen to revolutionize planning processes for
multinational automotive manufacturer
OTTAWA, Jan. 23, 2018 /PRNewswire/ - Kinaxis Inc.
(TSX:KXS), provider of RapidResponse®, a leading cloud-based supply
chain management solution based on concurrent planning, today
announced Toyota Motor Corporation has selected Kinaxis® to manage
its automotive demand and supply chain processes.
Headquartered in Japan, Toyota,
one of the world's largest automotive manufacturers, will replace
its manual planning systems with RapidResponse to unify the
company's global demand and supply planning between its sales and
production divisions, and to help better manage vehicle and unit
volume.
"We are looking forward to working with Kinaxis to optimize
inventory and enable more flexible responses to customer demand.
RapidResponse will help us unify sales and production and will
become the foundation upon which we can continue to realize
improvement in demand and supply planning," said Iwao Nakano, General Manager Corporate IT
Division at Toyota.
"We are excited to help drive breakthrough results for one of
the world's most prestigious brands," said John Sicard, Chief Executive Officer, Kinaxis.
"With a proven track record of increasing supply chain efficiencies
for automotive manufacturers, we're looking forward to deploying
our revolutionary cloud-based concurrent planning platform to help
Toyota instantly create what-if scenarios and better understand the
impact of various supply change management strategies to create
positive outcomes."
Forward-Looking Statements
Certain statements in this
release constitute forward-looking statements within the meaning of
applicable securities laws. Forward-looking statements include
statements as to Kinaxis' growth opportunities and the potential
benefits of, and demand for, Kinaxis' products and services. These
statements are subject to certain assumptions, risks and
uncertainties, including our view of the relative position of
Kinaxis' products and services compared to competitive offerings in
the industry. Readers are cautioned not to place undue reliance on
such statements. Kinaxis' actual results, performance, achievements
and developments may differ materially from the results,
performance, achievements or developments expressed or implied by
such statements. Risk factors that may cause the actual results,
performance, achievements or developments of Kinaxis to differ
materially from the results, performance, achievements or
developments expressed or implied by such statements can be found
in the public documents filed by Kinaxis with Canadian securities
regulatory authorities. Kinaxis assumes no obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as expressly
required by law.
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About Kinaxis Inc.
Offering the industry's only
concurrent planning solution, Kinaxis is helping organizations
around the world revolutionize their supply chain planning. Kinaxis
RapidResponse, our cloud-based supply chain management software,
connects your data, processes and people into a single harmonious
environment. With a consolidated view of the entire supply chain,
you can plan expected performance, monitor progress and respond to
disconnects when reality hits. RapidResponse lets you know sooner
and act faster, leading to reduced decision latency, and improved
operational and financial performance. We can prove it. From
implementation to expansion, we help our customers with every step
of their supply chain journey.
SOURCE Kinaxis Inc.