OTTAWA and RUEIL-MALMAISON, France, Dec. 5, 2019 /CNW/ - Kinaxis® Inc. (TSX: KXS), the leader in empowering people to make confident supply chain decisions, is extending its successful relationship with Schneider Electric, the leader in digital transformation of energy management and automation, with a renewed agreement to continue the digitization and transformation of its energy management and automation supply chain.
Over the past seven years, the two companies have partnered to connect Schneider Electric's global supply chain from key customers to key suppliers, through most of the company distribution network and critical manufacturing sites. In this time, Schneider Electric has reduced operating costs, inventory, and risk, while improving the customer experience through its deployment of Kinaxis RapidResponse®.
"We are excited about our partnership with Kinaxis and the innovation it fosters," said Mourad Tamoud, Chief Supply Chain Officer and Executive Vice-President at Schneider Electric. "As we move along our digital transformation journey, we are confident that Kinaxis enables even more visibility, greater collaboration and better decision-making across the enterprise."
Kinaxis is an integral part of Schneider Electric's plans to transform its supply chain at every stage from suppliers through to end customers. Going forward with Kinaxis, Schneider Electric will continue to achieve the agility that only true concurrent planning can provide to drive end-to-end supply chain visibility and better planning and execution approaches for ever-changing market volatility and constraints. The result is a synchronized supply chain able to quickly react and provide value to Schneider Electric's global customers.
"We are happy to further our long-standing partnership with Schneider Electric to help innovate and transform its supply chain for the future," said John Sicard, CEO of Kinaxis. "The increased visibility that the platform allows empowers business leaders like Schneider Electric to be more strategic in the management of their supply chain."
About Kinaxis Inc.
Eliminating volatility in your supply chain is impossible, but managing it is not. Trusted by top brands, Kinaxis® gives people the confidence to know they are making the best supply chain planning decisions to maximize business performance. We solve complex business problems in easy-to-understand ways by combining human and machine intelligence to plan for any future, monitor risks and opportunities and respond at the pace of change. With the support of our community of supply chain experts and using our unique concurrent planning technique and single integrated planning platform, customers can realize higher revenue, lower costs and fewer risks. For more Kinaxis news, follow us on LinkedIn, Twitter or Facebook.
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.
About Schneider Electric
At Schneider, we believe access to energy and digital is a basic human right. We empower all to make the most of their energy and resources, ensuring Life Is On everywhere, for everyone, at every moment.
We provide energy and automation digital solutions for efficiency and sustainability. We combine world-leading energy technologies, real-time automation, software and services into integrated solutions for Homes, Buildings, Data Centers, Infrastructure and Industries.
We are committed to unleash the infinite possibilities of an open, global, innovative community that is passionate about our Meaningful Purpose, Inclusive and Empowered values.
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SOURCE Kinaxis Inc.