Kinaxis Selected by Volvo Cars to Simplify Demand Forecasting
Kinaxis Inc. (TSX:KXS), provider of RapidResponse®, a leading cloud-based supply chain management solution based on concurrent planning, today announced Volvo Cars has selected Kinaxis® to assist in the transformation of its global supply chain to better enable volume forecasting and production planning processes within the company’s automotive solution footprint.
Using RapidResponse, Volvo Cars will model the complexities of its global automotive manufacturing processes and use the product’s concurrent scenario planning and real-time collaboration capabilities to help optimize its supply chain. RapidResponse will also help Volvo Cars foster a collaborative, responsibility-based supply chain that better connects departments with suppliers and customers.
“We are excited to announce our continued expansion of new customers in Europe as we work with Volvo Cars to help transform the organization’s supply chain planning technique,” said Kinaxis CEO John Sicard. “Concurrent planning through RapidResponse is the foundation driving reductions in planning latency for many of the world’s largest manufacturers. We are honored to have earned the trust and confidence of Volvo Cars.”
Using the ‘what-if’ simulation capabilities built into RapidResponse, Volvo Cars will have the ability to develop both constrained and unconstrained supply chain scenarios based on projected volume. To help determine the right course of action, ‘what-if’ scenarios can be measured against key performance indicators. This, supported by the product’s collaboration functionality, will allow Volvo Cars to share regionally developed scenarios with its global headquarters to accurately determine vehicle volume requirements.
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.