RapidValue accelerates the first phase in the digital supply chain planning journey critical to responding to volatility and uncertainty
OTTAWA, June 9, 2020 /CNW/ - Kinaxis® Inc. (TSX: KXS), the authority in driving agility for fast, confident decision-making in an unpredictable world, is enabling manufacturers to accelerate their digital supply chain planning journey to gain hyper agility and visibility and realize value sooner.
Current disruptions are driving companies to evaluate their readiness and resilience to responding to business turbulence. At the same time, they are looking for immediate relief to manage and reduce risks brought on by the unprecedented daily disruptions they are experiencing today. The Kinaxis RapidValue deployment process is designed to address both needs by quickly establishing the foundational end-to-end transparency necessary to detect and measure the impact of supply chain disruption on key financial performance indicators and fulfillment obligations.
"Time to value is always top of mind in any software investment," said John Sicard, CEO of Kinaxis. "We want to make it easy for our customers to hit that first important implementation milestone sooner, so they can begin to gain control and confidence under these unusually volatile conditions. Disruption is now the new normal and manufacturers are shifting how they do business. RapidValue is a game changer for these manufacturers, giving them the agility and resiliency they require to achieve value quickly."
RapidValue is the first step in a Kinaxis customer digital supply chain journey. Leveraging the proven RapidResponse platform and the Kinaxis unique concurrent planning technique, customers will quickly benefit from the ability to perform finished goods and key supply components planning, replace disparate Excel sheets with connected, collaborative workbooks and alerts, and lay the foundation for what-next scenario planning, all with data that has been checked for integrity. Within six weeks, RapidResponse will be live and ready to serve supply chain users and begin delivering the relief they are looking for today.
"Multi-industry customer demand and supply networks around the world are facing various stages of significant disruption, and some are overwhelmed with day-to-day or hour-to-hour planning and response needs," said Bob Ferrari, Founder and Executive Editor, Ferrari Consulting and Research Group. "Typical time to value for supply chain planning projects can be several months. By providing ways for these manufacturers to gain value much sooner, Kinaxis is helping customers solve some of the pain they are feeling now, while putting them on a path to be prepared for ongoing disruption."
For more information on RapidValue visit Kinaxis.com.
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, follow us on LinkedIn or Twitter.
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.