Broad Set of Capabilities Was Determining Factor For Selecting
OTTAWA, July 18, 2014 /CNW/ - Kinaxis® (TSX:KXS), provider of RapidResponse®, delivering cloud-based SCM and S&OP applications, is proud to
announce that Konica Minolta, a leading technology company, has
deployed Kinaxis RapidResponse as its global sales and operations
At Konica Minolta, the IT Business Technologies team was struggling to
get a quick and comprehensive view of the global supply chain network,
as well as visibility into the impact of supply and demand changes on
the business. As a result, attaining agility and alignment across the
supply chain was difficult.
To improve the SCM process, the supply chain group decided to adopt new
technology that could be leveraged for S&OP and increase the depth of
their supply chain analytics.
"We turned to RapidResponse because it had so many capabilities within the single system. Moreover, we liked that by leveraging the
solution's in-memory engine and embedded supply chain analytics we could do deep, but quick
planning calculations on a daily basis and calculate things like total
cost, not just total inventory," said Noboru Ota, Manager of SCM
Planning Department, Global SCM Center of Konica Minolta.
Noboru Ota went on to say, "By integrating five systems into one, we
gained distinct advantages in streamlining operations and addressing
multiple functions with a single product. PSI (Production, Supply,
Inventory) planning calculations have successfully changed from being
done on a weekly basis, to now on a daily basis and is founded on
actual business results, so the data is dramatically more accurate.
Additionally, we were able to obtain a foundation for managing S&OP
based on financial measures; making calculations in the context of
dollar amounts as opposed to the traditional unit based management."
The company has seen Production, Supply, Inventory (PSI) planning
calculation times go from several hours to tens of minutes, all while
being able to support seamless transitions between volume and mix
"We are proud that RapidResponse is the chosen S&OP and supply chain
planning system for Konica Minolta," said John Sicard, Chief Products
Officer for Kinaxis. "As Konica Minolta continues to expand their
implementation of RapidResponse across the organization, we are excited
to help them to achieve further benefits and increased value."
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.
About Kinaxis Inc.
Kinaxis is a leading provider of cloud-based subscription software that
enables our customers to improve and accelerate analysis and
decision-making across their supply chain operations. The supply chain
planning and analytics capabilities of our product, RapidResponse, create the foundation for managing multiple, interconnected supply chain management processes. By using the single RapidResponse product instead of combining
individual disparate software solutions, our customers gain visibility across their supply chains, can respond quickly to changing conditions, and ultimately realize significant operating efficiencies.
SOURCE: Kinaxis Inc.
For further information:
T: (416) 815-0700 ext. 253