Combination of TraceLink’s Digital Network Platform and Kinaxis’ Concurrent Planning Platform Enables Faster Exception Resolution and Closer Vendor Collaboration
OTTAWA (ON), April 5, 2022 /CNW/ – Kinaxis® Inc. (TSX: KXS), the authority on agility for fast and secure decision-making in an unpredictable world, and TraceLink Inc., the leading digital networking platform company, have 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 via the Kinaxis RapidResponse® platform with the multi-company collaboration capabilities of TraceLink’s supply chain work management powered by the Opus platform, companies will be able anticipate growing supply chain disruptions such as late deliveries or supply shortages and drive improvement in key performance indicators such as order cycle and cash-to-cash cycle times, all thanks to better communication and collaboration within their supplier network.
“Partnering with Kinaxis is an exciting step towards 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 businesses, people, processes and systems through business networks to improve the resilience and agility of supply chains. With Kinaxis, we will be able to allow companies to plan simultaneously directly with their suppliers.
The joint offering will connect RapidResponse to TraceLink’s authenticated network of more than 286,000 unique healthcare and life sciences entities to support advanced supply chain planning. Manufacturers will automatically notify suppliers of high-priority scheduling exceptions and create a collaborative work environment for rapid resolution. Suppliers will also be able to easily alert manufacturers of potential supply disruptions on their end.
“I am delighted to hear this news,” said Frank Binder, Global Head of Supply Chain Management at Santen and customer of Kinaxis and TraceLink. “Integrating the Kinaxis and TraceLink platforms will give me actionable visibility into critical exceptions, it will give teams across our supply network the digital capabilities to resolve exceptions faster, and it will improve the overall quality of the plan. ‘supply.”
TraceLink will join Kinaxis as a solution extension partner under the Kinaxis PartnerLink program. Solution Extension Partners increase the value customers can derive from RapidResponse by providing digital inputs and developing domain-specific applications that harness the power of concurrent scheduling to extend platform capabilities.
“Companies that are able to manage their supplier risk can better adapt to disruptions and, as a result, have more resilient supply chains,” said John Sicard, CEO of Kinaxis. “Our job is to provide the best tools for our customers to react quickly to supply chain risks and opportunities and feel confident in their decisions. This partnership with TraceLink will create new opportunities for direct collaboration between suppliers and manufacturers. .”
About TraceLink Inc.
TraceLink is the only enterprise networking platform for building integrated enterprise ecosystems with multi-enterprise applications. Enterprise networks are the foundation of an Industry 4.0 digitization strategy that delivers customer-centric agility and resilience of the end-to-end supply network by leveraging the collective intelligence of a industry. TraceLink’s Opus digital networking platform helps accelerate open innovation and implementation with an ecosystem of partners 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.
Daily volatility and uncertainty demand quick action. Kinaxis® provides the agility to make fast and confident decisions across integrated business planning and 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 businesses plan for the future, monitor risk and opportunity, and respond to the pace of change. Powered by an extensible cloud-based platform, Kinaxis delivers industry-proven applications so everyone can know earlier, act faster, and eliminate waste. For more information about Kinaxis, visit Kinaxis.com or follow us on LinkedIn or Twitter.
Certain statements contained in this press release constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements include statements regarding 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 standing of Kinaxis’ products and services against competing offerings in the industry. Readers are cautioned not to place undue reliance on these statements. The actual results, performance, achievements and developments of Kinaxis may differ materially from the results, performance, achievements or developments expressed or implied by such statements. Risk factors that may cause Kinaxis’ actual results, performance, achievements or developments to differ materially from the results, performance, achievements or developments expressed or implied by such statements can be found in Kinaxis’ public filings with Canadian securities regulators. Kinaxis undertakes 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.
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