Helping to build an agile supply chain foundation
to handle growing demand for semiconductors
OTTAWA, ON, July 27, 2021 /CNW/ - Kinaxis® Inc. (TSX:
KXS), the authority in driving agility for fast, confident
decision-making in an unpredictable world, announced today that
Advantest Corporation is using Kinaxis to help manage the growing
demand for semiconductors. Advantest has completed its first phase
of rollout in its Japan facilities
in just 16 weeks, complementing their global use of Kinaxis.
Advantest is the largest manufacturer of testing devices used in
the semiconductor production process. As the global demand for
semiconductors continues to increase, the company needed a solution
that provides visibility into demand fluctuations in real time to
identify business opportunities and enable quick decision-making,
while ensuring a continuous supply of products in the market.
Advantest selected Kinaxis for its deep expertise in the
semiconductor industry. Leveraging the RapidResponse platform,
concurrent planning and a suite of applications, Advantest gains
the ability to help reduce inventory costs, plan customer projects
more effectively and maintain a competitive advantage.
"Increasingly, the topic of advanced digitalization is in the
spotlight, along with the growing importance of semiconductors and
their quality and reliability," said Soichi
Tsukakoshi, Director and Senior Executive Officer at
Advantest. "We look forward to Kinaxis providing us with real-time
reporting and what-if simulations that factor in data analysis of
market trends. It will also play a role in helping our supply chain
governance evolve, including business continuity planning, which
will enhance our flexibility and resilience capabilities to deliver
increased customer value."
"The semiconductor market is under pressure with the growth of
electric vehicles, an increase in telecommuting and higher
investment levels in 5G communications and other aspects of the IoT
infrastructure environment," said John
Sicard, CEO of Kinaxis. "I am extremely pleased that we are
able to support the mission of Advantest, a company that aims to
solve the global-level issue of semiconductor manufacturing and
supply through measurement technology. With concurrent planning and
RapidResponse's ability to manage market uncertainty, we will
provide Advantest with the supply chain resilience and enhanced
agility needed to respond to change in time to make a
difference."
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.