Solutions Provider to Manage Supply Chain Volatility with Cloud Service
OTTAWA, Jan. 20, 2016 /CNW/ - Kinaxis® (TSX:KXS), provider of RapidResponse®, delivering cloud-based SCM and S&OP applications, today announced Ixia, a leading provider of network testing, visibility and security solutions that strengthen applications across physical and virtual networks, has selected RapidResponse to act as their supply chain planning system of record.
Ixia will utilize the RapidResponse Demand Planning, Supply Action Management, and Inventory Management applications as key technology components to make tradeoff decisions rapidly and effectively, while staying in line with their key performance metrics.
"As Ixia continues to grow, our global supply chain becomes more complex," said Mac Swink, Senior Manager, Supply Operations at Ixia. "Kinaxis RapidResponse provides us with a single integrated system that takes multi-directional data from our partners and delivers a reliable, all-inclusive supply network picture with reduced data latency. Working with Kinaxis will allow us to automate our supply and demand processes, while enabling us to execute impactful actions based on solid data."
"We're thrilled to be able to work with Ixia in delivering the tools they need to take their planning processes to the next level," said Kinaxis CEO John Sicard. "RapidResponse will provide them with a comprehensive set of capabilities, allowing a shift away from spreadsheets to a more integrated and intuitive approach to their supply chain management practices."
Ixia will use RapidResponse to assist in managing increasing supply chain complexity as well as demand and supply volatility. By deploying the RapidResponse platform, Ixia will be able to realize the following benefits:
- Visibility – provide the ability to proactively identify inventory risks and opportunities, allowing for informed tradeoff decisions, and closer monitoring and management of performance against targets.
- Accuracy – improve demand forecast accuracy and demand planning process cycle times while allowing for collaboration across functions.
- Flexibility – enable the ability for supply chain practitioners to manage through exceptions, supporting easier prioritization and stronger focus on actions that provide the greatest impact on performance metrics.
Ixia helps to protect customers against the unpredictable world of IT and security threats through actionable insight into the performance, stability and security of their applications and networks. Ixia enables customers to deliver a seamless, reliable and secure experience to their customers. Whether it is testing a product, validating the integrity of a security infrastructure or monitoring a real-time operation, Ixia can help.
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.
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: Media Relations, Alexa Cheater, Tel: (613) 592-5780 ext. 5516, [email protected]; Investor Relations, Ross Marshall, LodeRock Advisors Inc., Tel: (416) 526-1563, [email protected]