Bell, in collaboration with Kinaxis, integrates finance, programs and operations into one plan to reduce lead times and take advantage of new business opportunities
OTTAWA, ON, June 21, 2021 /CNW/ - Kinaxis® Inc. (TSX: KXS), the authority in driving agility for fast, confident decision-making in an unpredictable world, and Bell, an 85-year global manufacturer of military and commercial vertical-lift aircrafts, have been selected by Supply & Demand Chain Executive, the only publication covering the entire global supply chain, as a recipient of the Top Supply Chain Projects Award for 2021.
Headquartered in Fort Worth, Texas, Bell has employees in 90 countries and offers breakthrough innovations and exceptional experiences to customers from 120 countries. As the only helicopter Original Equipment Manufacturer (OEM) in Canada, Bell celebrates 35 years of building aircraft that are truly Canadian.
Bell wanted to eliminate their manual, spreadsheet-centric process to manage its extremely complex aerospace and defense supply chain in favor of a solution that allowed them to monitor and respond to changes in real time and improve its S&OP process. The company selected the Kinaxis RapidResponse® platform and concurrent planning to boost the speed and efficiency of their processes and provide better information for planning decisions. Bell utilized the supply, demand and S&OP planning capabilities within the platform and leveraged the expertise of the Kinaxis professional services team to deploy.
"Since implementing Kinaxis and RapidResponse, we have streamlined our planning processes, gained deeper insight into our supply chain, and improved the agility of our business," said Michael Loeffler, Vice President, Materials Management, Bell. "With powerful planning tools and richer information, we have improved the pace and quality of our decision-making."
With Kinaxis, Bell's S&OP process tasks have moved into RapidResponse, simplifying the aggregation of data and the collaboration around scenario analysis. The increase in speed has allowed them to shift from a bi-annual S&OP process to a monthly cadence, increasing forecast accuracy, decreasing latency in planning, reducing lead times, and enhancing overall agility.
"This past year has proven that historical planning approaches are inadequate against the challenges companies face. What is needed is built-in supply chain agility to help tackle any problem in the moment and take advantage of new opportunities," said John Sicard, Chief Executive Officer, Kinaxis. "It is an honor to work with Bell to help them build resiliency and transparency in their supply chain. We are proud to be recognized alongside them by Supply & Demand Chain Executive."
The Top Supply Chain Projects (formerly known as SDCE 100) spotlights successful and innovative transformation projects that deliver bottom-line value to small, medium and large enterprises across a range of supply chain functions. These projects show how supply chain solution and service providers help their customers and clients achieve supply chain excellence and prepare their supply chains for success.
"The supply chain industry has been challenged with a host of supply chain disruptions over the last year. Yet, the winners on this list continued to re-tool and innovate," says Marina Mayer, editor for Supply & Demand Chain Executive and Food Logistics. "Whether it be moving a customer to a cloud-based solution or implementing a more sustainable shipping option, these top supply chain projects reflect the supply chain industry's strength and resilience to overcome disruptions and work better, smarter and more efficiently in the years ahead."
Go to www.sdcexec.com to view the full list of all 2021 Top Supply Chain Projects winners.
Learn more about the Bell project.
About Supply & Demand Chain Executive
Supply & Demand Chain Executive is the only supply chain publication covering the entire global supply chain, focusing on trucking, warehousing, packaging, procurement, risk management, professional development and more. Go to www.SDCExec.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, visit Kinaxis.com or follow us on LinkedIn or Twitter.
Thinking above and beyond is what we do. For more than 85 years, we've been reimagining the experience of flight – and where it can take us.
We are pioneers. We were the first to break the sound barrier and to certify a commercial helicopter. We were aboard NASA's first lunar mission and brought advanced tiltrotor systems to market. Today, we're defining the future of advanced air mobility.
Headquartered in Fort Worth, Texas – as a wholly-owned subsidiary of Textron Inc., – we have strategic locations around the globe. And with nearly one quarter of our workforce having served, helping our military achieve their missions is a passion of ours.
Above all, our breakthrough innovations deliver exceptional experiences to our customers. Efficiently. Reliably. And always, with safety at the forefront
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.