New strategic global partnership offers Flex customers the planning power of Kinaxis
OTTAWA, Aug. 15, 2019 /CNW/ - Kinaxis® Inc. (TSX: KXS), the leader in empowering people to make confident supply chain decisions, and technology manufacturer, Flex, have signed a strategic partnership to work together to promote the power of the Kinaxis supply chain planning, monitoring and response platform. The Kinaxis platform, RapidResponse®, is designed to connect the supply chain from suppliers to customers to improve end-to-end visibility, increase collaboration and reduce risk, resulting in more agility across the extended supply chain network.
Flex delivers innovative design, engineering, manufacturing, real-time supply chain insight, and logistics services to companies of all sizes in various industries and end-markets. A long-time Kinaxis customer, Flex uses Kinaxis RapidResponse® for advanced planning, ERP integration, and scenario planning across its global supply chain that includes more than 80 sites and 2,200 active users. The company's 12 operational user teams run 1,200 user-simulated scenarios and 5,000 automated scenarios weekly, and more than 450 customer planning analyses. Over the years, Flex has reduced key aspects of its planning processes from hours to minutes and decreased forecast/order commit cycle lead times by 25%.
"Kinaxis provides an innovative, reliable, and scalable solution that can handle the complexity of a contract manufacturing environment," said Gus Shahin, Flex CIO. "We've seen great benefits from extending the visibility provided by RapidResponse to our customers, and we are excited to expand our working relationship with Kinaxis to help more companies benefit from the RapidResponse platform."
Kinaxis RapidResponse is a key component of the Flex Pulse platform, which manages the Flex supply chain activity with real-time data to reduce business risk, increase customer visibility, improve efficiency, and decrease costs. The Flex Pulse platform is showcased in nine Flex Pulse Centers worldwide. As part of the agreement, Kinaxis and Flex will leverage these centers as a showcase for companies to see the powerful supply chain capabilities offered by Flex and Kinaxis.
"Flex is extremely unique and innovative in the way they've developed their supply chain network and in their approach to customer success," said John Sicard, CEO, Kinaxis. "With Flex Pulse, they are setting the standard for supply chain excellence. When you combine this supply chain expertise with their in-depth knowledge of RapidResponse, they make a perfect partner to help drive more value for Flex and its customers. We look forward to working with Flex and taking this opportunity to make an impact across a company's entire value chain network."
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 planning decisions to maximize business performance. We solve complex business problems in easy-to-understand ways 100x faster 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, visit Kinaxis.com or 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.