Kinaxis
Canvas Category Software : Information Technology : Supply Chain
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.
Assembly Line
Kinaxis Announces Deal with ExxonMobil to Transform Energy Sector Supply Chains
Kinaxis® (TSX:KXS), a global leader in end-to-end supply chain orchestration, announced a co-development deal with ExxonMobil, one of the largest integrated fuels, lubricants and chemical companies in the world, to create supply chain technology solutions designed specifically for the energy sector.
Kinaxis and ExxonMobil will focus on a supply and demand planning solution for the complicated fuel commodities market which has no industry-wide standard and which relies heavily on spreadsheets and other manual methods. The solution will enable integrated refinery-to-customer planning with timely data for the most accurate supply/demand planning, balancing and signaling. Benefits include automated data visibility, improved inventory management and terminal replenishment, and enhanced supply scenario planning that are expected to enable arbitrage opportunities and decrease supply costs. In the chemicals and lubricants space, the companies are developing an advanced planning solution that provides manufacturing and logistics constraints management coupled with scenario modelling and evaluation. Finally, the co-development will fit established sales and operations planning solutions specifically for upstream operations to optimize sourcing, storage and movement of materials and assets to improve utilization and lower costs.
Kinaxis Announces Breakthrough in Advanced Supply Chain Analytics with Planning.AI
Kinaxis® Inc. (TSX: KXS), the authority in driving agility for fast, confident decision-making in an unpredictable world, announced a breakthrough in advanced analytics for supply chain planning with the introduction of its new Planning.AI analytical approach at Kinexions ‘22, its annual supply chain innovators conference.
Part of the Kinaxis RapidResponse® platform, Planning.AI is the only concurrent planning solution to automatically detect and fuse the best combination of heuristics, optimization and machine learning, providing a highly accurate answer in the fastest time possible. Now companies no longer have to manage the trade-offs that come when choosing between different planning algorithms, like speed or accuracy. Planning.AI delivers the ability to use multiple analytical approaches when solving a single problem, driving even more business value by broadening the types of supply chain problems that can be solved and removing the need for hard-to-find data scientists and deep analytical experts.