Connecting LevaData's AI sourcing platform and Kinaxis'
concurrent planning platform to gain resiliency and agility across
procurement, sourcing and planning
OTTAWA, ON, June 15, 2021 /CNW/ - Kinaxis® Inc. (TSX:
KXS), the authority in driving agility for fast, confident
decision-making in an unpredictable world, and LevaData, the
company that delivers applied AI to transform strategic sourcing
and procurement, today announced a new partnership that will enable
manufacturers to gain deeper insight into supplier risk and build
greater supply chain resiliency.
The partnership will bring together LevaData's Supply Risk
Navigator™ and the Kinaxis RapidResponse® platform to help
companies assess the impact of supplier risk, provide mitigation
recommendations, and engage suppliers to execute an updated plan.
LevaData's AI-based predictions are applied to supply chains to
detect and highlight vulnerabilities. When combined with Kinaxis'
what-if scenarios, companies can identify issues before they even
emerge and accelerate response times before they impact the
business.
"We are thrilled to be connecting LevaData's platform with
Kinaxis' RapidResponse," said Rajesh
Kalidindi, CEO of LevaData. "This partnership will allow us
to enhance the power of concurrent supply chain planning and
provide customers with a more holistic supply chain view. We're
eager to help bridge the gap between sourcing, planning and
execution."
LevaData will join Kinaxis as a Solution Extension Partner under
Kinaxis PartnerLink. Solution Extension Partners increase the value
customers can gain from RapidResponse by delivering digital inputs
and developing domain-specific applications that leverage the power
of concurrent planning to extend the capabilities of the
platform.
"It's not enough to just have visibility into the risks you're
facing. Businesses need agility and the right tools to know sooner
what the impact of those risks will be, and act faster in evolving
plans to mitigate them," said John
Sicard, CEO of Kinaxis. "Our customers rely on RapidResponse
to manage their supply chain day-to-day and protect them from an
ever-growing list of disruptions. By partnering with LevaData,
we're able to provide even more transparency into supply chain
risks so companies can make smarter, faster, more confident
decisions both in times of crisis, as well as play an important
role in long-term planning."
For more information visit Kinaxis.com
About LevaData
LevaData is an artificial intelligence
company that powers the smartest supply chains in the world. Their
Cognitive Supply Management platform analyzes procurement
objectives alongside real-time market activity to generate
predictions and customized recommendations. The AI-powered system
is on a constant search for opportunities to reduce costs and
mitigate risk, with built-in tools for quick collaboration and
decisive action. Customers include leaders in the top global supply
chain organizations, as well as medium-sized OEMs seeking to
achieve best-in-class direct materials sourcing practices. For more
information, visit levadata.com or follow us on LinkedIn or
Twitter.
About Kinaxis Inc.
Everyday volatility and uncertainty
demand quick action. Kinaxis® delivers the agility to make fast,
confident decisions across integrated business planning and the
digital supply chain. People can plan better, live better and
change the world. Trusted by innovative brands, we combine human
intelligence with AI and concurrent planning to help companies plan
for any future, monitor risks and opportunities and respond at the
pace of change. Powered by an extensible, cloud-based platform,
Kinaxis delivers industry-proven applications so everyone can know
sooner, act faster and remove waste. For more Kinaxis news, visit
Kinaxis.com or follow us on LinkedIn or Twitter.
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.
SOURCE Kinaxis Inc.