Toyota Selects Kinaxis to Manage Automotive Demand and Supply
Kinaxis Inc. (TSX:KXS), provider of RapidResponse®, a leading cloud-based supply chain management solution based on concurrent planning, today announced Toyota Motor Corporation has selected Kinaxis® to manage its automotive demand and supply chain processes.
Headquartered in Japan, Toyota, one of the world’s largest automotive manufacturers, will replace its manual planning systems with RapidResponse to unify the company’s global demand and supply planning between its sales and production divisions, and to help better manage vehicle and unit volume.
“We are looking forward to working with Kinaxis to optimize inventory and enable more flexible responses to customer demand. RapidResponse will help us unify sales and production and will become the foundation upon which we can continue to realize improvement in demand and supply planning.” said Iwao Nakano, General Manager Corporate IT Division at Toyota.
“We are excited to help drive breakthrough results for one of the world’s most prestigious brands,” said John Sicard, Chief Executive Officer, Kinaxis. “With a proven track record of increasing supply chain efficiencies for automotive manufacturers, we’re looking forward to deploying our revolutionary cloud-based concurrent planning platform to help Toyota instantly create what-if scenarios and better understand the impact of various supply change management strategies to create positive outcomes.”
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.
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