Kinaxis Inc. (TSX:KXS), provider of RapidResponse®, a leading cloud-based supply chain management solution based on concurrent planning, today announced Pulmuone, South Korea’s largest fresh food company and the world’s leading tofu manufacturer, has selected Kinaxis® to manage its global supply chain.
With more than 20 manufacturing facilities serving global markets that include South Korea, Japan, China and the United States, Pulmuone’s corporate mandate to never miss a customer delivery or allow for product to pass an expiry date required revolutionary changes to the company’s supply chain operations. From tofu to bean sprouts and non-fried noodles, expiry dates underscore the essential requirement to balance the company’s supply and demand to deliver the freshest possible products to consumers in a timely manner and in the specific amounts required.
“By partnering with Kinaxis, Pulmuone will realize a truly responsive supply chain management system,” said Seunghoon O, Head of SCM Division, Pulmuone. “RapidResponse will provide unique insights into our global supply chain data that will allow us to quickly and intelligently respond to constantly changing environments and sudden increases in customer demand. RapidResponse will have a very positive impact on our business by lowering our operating margins and increasing total sales while creating a better experience for our customers.”
Pulmuone also cited the product’s flexible and configurable solutions, a highly intuitive user experience, and the ability to quickly simulate virtually any planning scenario as strong differentiators in the selection of RapidResponse.
“We are very excited to be working with Pulmuone to help revolutionize their global supply chain,” said John Sicard, Chief Executive Officer, Kinaxis. “This segment of the consumer packaged goods (CPG) vertical continues to see broad fluctuations in demand due to constantly shifting market preferences, driving the need to rapidly realign and rebalance supply. With the power of concurrent planning, Pulmuone will be able to respond to such changes with speed and accuracy only available through RapidResponse.”
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.
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