OTTAWA, ON, May 31, 2022 /CNW/ - Kinaxis® Inc. (TSX: KXS), the authority in driving agility for fast, confident decision-making in an unpredictable world, announced today that Infineum has selected Kinaxis to drive increased efficiency and reduce waste across its supply chain with improved navigation of supply and demand in today's increasingly volatile business environment.
Infineum is a speciality chemicals company with research and development capabilities focused on innovative chemistry and sustainability. With production facilities around the world, Infineum operates a truly global supply chain.
Infineum selected Kinaxis' RapidResponse® platform as their solution for end-to-end supply chain visibility to ensure resources are used at peak efficiency. Kinaxis is committed to transforming the sales and operations planning (S&OP) process, demand planning and inventory optimization to maximize opportunities and minimize risk, all while reducing waste in the supply chain.
"A more sustainable business model is already an integral part of Infineum's operations, and we are excited to provide robust solutions in the supply chain," said John Sicard, CEO at Kinaxis. "Using RapidResponse will provide the agility, transparency and speed required to deliver to customers reliably while adapting to disruptive events in the supply chain."
"Infineum looks forward to strengthening its supply chain and planning analytics with an industry leading platform such as Kinaxis to continue optimizing supply chains to its customers. As seen in a thorough proof of concept, Kinaxis's architecture and algorithms are designed with the best S&OP practices in mind being an example of digitalization built on strong fundamentals. We look forward to seeing its full potential in our digital transformation," said Natalia Sawka, Infineum Sales and Operations Planning Program Manager
"In an increasingly volatile world where severe supply chain disruptions are more and more frequent, building agility in our planning processes is critical to continue to meet our customers' evolving needs both effectively and efficiently. This is why Infineum is investing in a state-of-the-art integrated planning suite with Kinaxis - a milestone of our digital transformation," said Carlo Rovea, Infineum Global Supply Chain and Procurement Director.
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.
For further information: Media Relations: Jaime Cook | Kinaxis, jcook@kinaxis.com, 289-552-4640; Investor Relations, Rick Wadsworth | Kinaxis, rwadsworth@kinaxis.com, 613-907-7613
https://www.kinaxis.com/en/news/press-releases/2022/infineum-selects-kinaxis-concurrent-supply-chain-planning-solutions
