BASF Targets End-to-End Supply Chain Transparency with Kinaxis
Kinaxis Inc. (TSX:KXS), provider of RapidResponse®, a leading cloud-based supply chain management solution based on concurrent planning, today announced that BASF has successfully piloted Kinaxis®, gaining supply chain visibility and proactive intelligent control of its supply chain.
“Creating a transparent and connected business process is key to our supply chain operations. Kinaxis provides us with the end-to-end planning platform necessary to support our Industry 4.0 initiatives, reducing planning latency, improving alignment of dependent processes, and fostering transparency between all functional elements of our business,” said Mr. Jan Brüning, Smart Supply Chain Cluster Lead, BASF.
For Kinaxis, BASF represents a growing number of process industry companies looking for new and improved methods for end-to-end planning and simulation. With Kinaxis, these companies can experience the dramatic performance gains that come from connecting all their data, processes, and people under one platform.
“We are excited to have one of the world’s leading chemical companies as part of our expanding list of enterprise customers in Europe. BASF’s digital initiative is at the forefront of innovation, and we are proud to have become part of their business fabric,” said John Sicard, Chief Executive Officer, Kinaxis. “Through concurrent planning in Kinaxis, BASF has the framework to establish continuous end-to-end planning alignment, and the unifying technology to drive digital connections between the broad functional groups that operate their supply chain.”
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.