Electronic Manufacturing Services Provider to Improve Supply Chain Visibility and Coordination with Cloud Service
OTTAWA, July 7, 2015 /CNW/ - Kinaxis® (TSX:KXS), provider of RapidResponse®, delivering cloud-based SCM and S&OP applications, today announced that SigmaPoint Technologies Inc., a Canadian-based, world-class electronic manufacturing services (EMS) provider, has selected Kinaxis RapidResponse to assist with enhanced supply chain visibility while dynamically balancing supply and demand for their customers.
SigmaPoint Technologies Inc. wants the ability to perform real-time demand and supply risk assessment with reliable in-the-moment information, allowing them to proactively identify the correct course of action in a meaningful manner. Rather than hindsight, SigmaPoint will have a forward-looking view by utilizing RapidResponse's 'what if' analysis to predict the impact of decisions prior to executing.
SigmaPoint selected the RapidResponse Inventory Management, Order Fulfillment, Master Production Scheduling, Supply Action Management and Supplier Collaboration applications to achieve those goals. With this single solution, SigmaPoint will have cross-functional capabilities for:
- Risk Assessment,
- Process Optimization,
- Pipeline Responsiveness, Flexibility and Agility, and
With an ability to know sooner and act faster on evolving supply chain situations, SigmaPoint expects to reduce lead times, maximize inventory turns, enhance on-time delivery and minimize shortages all while realizing cost reductions.
"This winning formula will empower a comprehensive and long-term solution that will compress the time to identify supply chain interruptions and radically abridge the time it takes to make successful course adaptations, producing a sustainable supply chain for our customers," said Dan Bergeron, president and CEO at SigmaPoint Technologies Inc.
"We are very pleased to work with this industry-leading company," said John Sicard, chief products officer at Kinaxis. "RapidResponse will provide SigmaPoint with an end-to-end supply chain planning and response platform driving enhanced visibility, agility and risk analysis supporting best-in-class results for their customers."
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.