Fortune 500 company to drive efficiencies and increase end-to-end visibility to mitigate volatility
OTTAWA, March 19, 2019 /CNW/ - Kinaxis® Inc. (TSX: KXS), the leader in empowering people to make confident supply chain decisions, today announced Lenovo will be working with Kinaxis to help drive efficiencies in planning and scheduling and facilitate what-if scenario analysis to understand the impact of demand changes, supply disruptions and production delays.
Lenovo manufactures one of the world's widest portfolios of connected products, including smartphones, tablets, PCs, AR/VR devices and smart home/office solutions as well as data center solutions, with customers in more than 160 countries. Kinaxis will bring Lenovo's end-to-end supply chain together to include data from its SAP enterprise resource planning (ERP) system and support critical business planning functions including master production scheduling, material resource planning, inventory management and demand order promising, and provide real-time reporting.
"As a global company with a supply chain to match we believe our supply chain is a great source of competitive advantage. With that in mind it's critical we work with the right partners and technology to not only maintain that advantage, including real-time decision making, flexibility and managing complexity, but also help us scale as our business grows," says Ricardo Tiltscher, Lenovo Brazil Supply Chain, Services and Client Satisfaction Director.
The flexibility of Kinaxis RapidResponse® helps organizations be more agile, helping them cut costs and improve productivity with capabilities like exception management and planning automation to reduce risk and better track performance.
By linking together manufacturing sites, distribution sites and inventory component sites in Brazil, Kinaxis brings Lenovo's data into a single view to create visibility across the entire supply chain, helping Lenovo better manage volatility, customer expectations, and an ever-growing supply chain ecosystem.
"In the high tech industry where product lifecycles change to keep pace with innovation and where partners and suppliers are halfway around the world, having agility and flexibility across the supply chain is a major competitive advantage," said John Sicard, Chief Executive Officer, Kinaxis. "We look forward to working with Lenovo to continuously connect them with partners, manufacturers, distributors and suppliers, and provide them with a view that consolidates all the data needed to make informed, confident business decisions."
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.
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.