High technology global leaders leveraging Kinaxis platform to shorten planning cycles, provide greater visibility and higher responsiveness
OTTAWA, March 25, 2020 /CNW/ - Kinaxis® Inc. (TSX: KXS), the leader in empowering people to make confident supply chain decisions, announced today that Technicolor, the world leader in the creation and delivery of extraordinary entertainment experiences, has completed the first phase of its global deployment of Kinaxis RapidResponse® for its Technicolor Connected Home business. Based in Paris, Technicolor partners with the world's leading service providers to deliver seamless connectivity and premium entertainment experiences with operations in France, the US, Brazil, and China.
Technicolor turned to Kinaxis, in partnership with Accenture, a leading global professional services company, to streamline its supply chain, sales and operations planning (S&OP) processes. The solution went live in just six months and is now helping Technicolor collapse the planning cycle, and provide greater visibility, higher responsiveness and more efficient decision-making.
In the future, Technicolor will leverage the power of RapidResponse and its concurrent planning engine to include enhanced supplier collaboration, ATP (available-to-promise) and CTP (capable-to-promise) capabilities to accelerate the speed of getting products to customers and increase overall satisfaction. As part of its Digital Transformation, this initiative is taking the Connected Home Division supply chain operations to the next level of performance.
"We operate in a very competitive environment with long lead times for components," said François Allain, COO, Technicolor Connected Home. "With Kinaxis, we gain the end-to-end visibility that will help us plan better and respond to market changes faster, enabling us to enhance the level of excellence our customers expect."
Keeping up with shifting consumer preferences, dealing with short product cycles and managing outsourcing can be big challenges for the high-tech industry. Kinaxis helps high-tech customers see how, when and where products are being made and distributed. Using Kinaxis, high-tech companies can tackle supply chain challenges by quickly identifying product transition plans, planning and executing the optimal plan through powerful forecasting capabilities and what-next scenarios and accelerating time to market.
"For years, we have been working with high-tech manufacturers to understand their supply chain challenges and alleviate them while keeping up with the pace of innovation," said John Sicard, CEO of Kinaxis. "We are proud to have earned the trust of Technicolor to connect its global supply chain and we look forward to continuing to work with them as they move along their supply chain maturity journey."
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.
Forward-Looking Statements
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.