Helping to build an agile supply chain foundation to handle growing demand for semiconductors
OTTAWA, ON, July 27, 2021 /CNW/ - Kinaxis® Inc. (TSX: KXS), the authority in driving agility for fast, confident decision-making in an unpredictable world, announced today that Advantest Corporation is using Kinaxis to help manage the growing demand for semiconductors. Advantest has completed its first phase of rollout in its Japan facilities in just 16 weeks, complementing their global use of Kinaxis.
Advantest is the largest manufacturer of testing devices used in the semiconductor production process. As the global demand for semiconductors continues to increase, the company needed a solution that provides visibility into demand fluctuations in real time to identify business opportunities and enable quick decision-making, while ensuring a continuous supply of products in the market.
Advantest selected Kinaxis for its deep expertise in the semiconductor industry. Leveraging the RapidResponse platform, concurrent planning and a suite of applications, Advantest gains the ability to help reduce inventory costs, plan customer projects more effectively and maintain a competitive advantage.
"Increasingly, the topic of advanced digitalization is in the spotlight, along with the growing importance of semiconductors and their quality and reliability," said Soichi Tsukakoshi, Director and Senior Executive Officer at Advantest. "We look forward to Kinaxis providing us with real-time reporting and what-if simulations that factor in data analysis of market trends. It will also play a role in helping our supply chain governance evolve, including business continuity planning, which will enhance our flexibility and resilience capabilities to deliver increased customer value."
"The semiconductor market is under pressure with the growth of electric vehicles, an increase in telecommuting and higher investment levels in 5G communications and other aspects of the IoT infrastructure environment," said John Sicard, CEO of Kinaxis. "I am extremely pleased that we are able to support the mission of Advantest, a company that aims to solve the global-level issue of semiconductor manufacturing and supply through measurement technology. With concurrent planning and RapidResponse's ability to manage market uncertainty, we will provide Advantest with the supply chain resilience and enhanced agility needed to respond to change in time to make a difference."
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.
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.