The integrated energy company to bring concurrent
planning across all business functions
OTTAWA,
ON, May 17, 2022 /CNW/ - Kinaxis® Inc.
(TSX: KXS), the authority in driving agility for
fast, confident decision-making in an unpredictable
world, announced today that Castrol, a BP company, one of the
world's leading lubricants brands, has selected Kinaxis for
increased transparency across its supply chain to drive agility and
accuracy.
Castrol manufactures premium lubricants and serves customers in
the automotive, industrial, energy, and marine sectors. Shifting
from product manufacturing to more integrated solutions, Castrol
recognized a need for a flexible planning platform to better
anticipate customer needs, integrate agility and build resiliency
across its global supply chain network.
With an initial focus in North and South America, Castrol intends to expand use
of the Kinaxis RapidResponse® platform globally in a phased roll
out that will deliver demand and supply planning capabilities
alongside a more mature S&OP process. Castrol joins a growing
number of high-performance companies who are adopting the Kinaxis
industrial ecosystem.
"Helping companies, like Castrol, who work to lead innovation
across a variety of industries; commercial, personal and
industrial, is what we at Kinaxis do best," said John Sicard, CEO at Kinaxis. "Providing insight
into every aspect of a company's supply chain gives its planners
the confidence to make fast and informed decisions, prevent
problems and be agile to change. We are so excited to work with
Castrol in making their supply chain as smooth as possible."
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.
SOURCE Kinaxis Inc.
