Combining TraceLink's digital network platform and the Kinaxis
concurrent planning platform drives faster exception resolution and
stronger collaboration across suppliers
OTTAWA,
ON, April 5, 2022 /PRNewswire/
-- Kinaxis® Inc. (TSX:KXS), the authority in driving agility
for fast, confident decision-making in an unpredictable world,
and TraceLink Inc., the leading digital network platform company,
today announced a new partnership that will enable agile
collaboration and exception management between manufacturers and
their suppliers.
By combining the power of concurrent planning through the
Kinaxis RapidResponse® platform with the multienterprise
collaboration capabilities of TraceLink's Supply Chain Work
Management powered by the Opus platform, companies will be able to
get ahead of growing supply chain disruptions like late shipments
or supply shortages and drive improvements in key performance
indicators like order cycle and cash-to-cash cycle times, all
through better communication and collaboration across their
supplier network.
"The partnership with Kinaxis is an exciting step toward
delivering Industry 4.0 network connectivity to improve business
processes across the end-to-end supply chain," said Shabbir Dahod, President and CEO of TraceLink.
"Our Opus platform enables decision makers to connect companies,
people, processes and systems through business networks to drive
better resiliency and agility in supply chains. Together with
Kinaxis we will be able to empower businesses to concurrently plan
directly with their suppliers."
The joint offering will connect RapidResponse to TraceLink's
authenticated network of more than 286,000 unique healthcare and
life science entities to support advanced supply chain planning.
Manufacturers will automatically notify suppliers to high-priority
planning exceptions and create a collaborative working environment
for rapid resolution. Suppliers will also be able to easily alert
manufacturers to potential supply disruptions from their side.
"I am excited to hear this news", said Frank Binder, Global Head Supply Chain
Management at Santen, and customer of both Kinaxis and TraceLink.
"The integration of Kinaxis and TraceLink's platforms will give me
actionable visibility to critical exceptions, it will give teams
from across our supply network the digital capabilities required to
resolve exceptions faster, and it will improve the overall quality
of the supply plan."
TraceLink will join Kinaxis as a Solution Extension Partner
under the Kinaxis PartnerLink program. Solution Extension Partners
increase the value customers can gain from RapidResponse by
delivering digital inputs and developing domain-specific
applications that leverage the power of concurrent planning to
extend the capabilities of the platform.
"Companies that are able to manage their supplier risk can
better adapt to disruption and as a result have more resilient
supply chains," said John Sicard,
CEO of Kinaxis. "Our job is to offer the best tools for our
customers to quickly respond to supply chain risks and
opportunities and feel confident in their decisions. This
partnership with TraceLink will create new opportunities for direct
supplier and manufacturer collaboration."
About TraceLink Inc.
TraceLink is the only business
network creation platform for building integrated business
ecosystems with multienterprise applications. Business networks are
the foundation of an Industry 4.0 digitalization strategy that
delivers customer-centric agility and resiliency of the end-to-end
supply network leveraging the collective intelligence of an
industry. The TraceLink Opus Digital Network Platform enables speed
of open innovation and implementation with a partner ecosystem for
no-code and low-code development of solutions and applications.
Learn more at www.tracelink.com or follow us on
LinkedIn or Twitter.
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.
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SOURCE TraceLink
