A customer for 25 years, Teradyne continues to deliver on customer expectations, achieve business goals and plan for the future
OTTAWA, ON, Nov. 3, 2020 /CNW/ - Kinaxis® Inc. (TSX: KXS), the authority in driving agility for fast, confident decision-making in an unpredictable world, is celebrating 25 years of working with Teradyne, an industrial automation solution provider, to enable end-to-end supply chain visibility, drive integration and collaboration across internal departments and external suppliers, and accelerate strategic initiatives like M&A.
With $2.3 billion in revenue and 5,500 people worldwide, Teradyne brings high-quality innovations such as smart devices, life-saving medical equipment and data storage systems to market, faster. The company's supply chain includes five Teradyne locations and four subcontractor sites managing a complex global network. Working in the high-tech industry with long-lead times, frequent demand changes and ever-increasing complexity, Teradyne is committed to maintaining high levels of service and customer satisfaction.
"RapidResponse has become an integral means for managing complex products with manufacturing and procurement networks spanning the globe," said Steve Petter, VP of Global Operations, Teradyne. "It is capable of swiftly processing current and simulated scenarios, and providing the financial and supply chain intelligence necessary for decisive and insightful actions."
Leveraging Kinaxis RapidResponse® and concurrent planning, Kinaxis connects Teradyne's end-to-end supply chain, integrating data from multiple ERP systems. This also includes incorporating cross-functional departments like marketing, finance, product and sales to ensure everyone is working on a shared and continuous up-to-date forecast for the entire organization. Additionally, Teradyne has established deep integration with its manufacturing partners, many of which also use Kinaxis, to create a multi-company RapidResponse network. The result is the ability to run multiple simulations across the full supply chain network to fully understand financial impacts and trade-offs based on different scenarios that arise from disruptions such as tariffs and COVID-19.
"Teradyne is a fantastic example of how to build a strong supply chain foundation that provides the flexibility and agility to respond to change and to deliver on the service promised to their customers," said John Sicard, CEO of Kinaxis. "With the ability to do scenario planning outside its four walls and leverage the insight of not only its internal team, but that of its external suppliers, means they can be more agile in their planning and maintain a competitive advantage. It is an honor to maintain the confidence of Teradyne as we continue to innovate and grow their supply chain maturity."
Teradyne (Nasdaq: TER) brings high-quality innovations such as smart devices, life-saving medical equipment and data storage systems to market, faster. Its advanced test solutions for semiconductors, electronic systems, wireless devices and more ensure that products perform as they were designed. Its Industrial Automation offerings include collaborative and mobile robots that help manufacturers of all sizes improve productivity and lower costs. In 2019, Teradyne had revenue of $2.3 billion and today employs 5,500 people worldwide. For more information, visit teradyne.com. Teradyne® is a registered trademark of Teradyne, Inc. in the U.S. and other countries.
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.
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.