Ventana Research names Kinaxis' recently launched analytical
approach as leader in Operations and Supply Chain
OTTAWA,
ON, July 5, 2022 /CNW/ - Kinaxis®
Inc. (TSX: KXS), the authority in driving agility for
fast, confident decision-making in an unpredictable
world, announced today that Planning.AI, unveiled in May at
Kinexions '22, has won the 2022 Digital Innovation Award. Presented
by Ventana Research, Kinaxis is honored in the category of
Operations and Supply Chain, which highlights a technology vendor
that best exemplifies innovation in technologies that support the
operations or service of supply chains.
"Our awards highlight the best in innovation, and this year's
winners are examples of how novel approaches using digital
technologies are reshaping how businesses operate in ways that
improve performance and achieve competitive advantage,"
said Robert Kugel, Senior VP, Research Director, Ventana
Research. "Kinaxis' Planning.AI illustrates how the complex and
often time-consuming task of supply chain planning can gain both
speed and accuracy. It builds on Kinaxis' concurrent planning
technique, which streamlines planning processes in normal times and
fosters resiliency and agility in dealing with market
discontinuities and disruptions."
Part of the Kinaxis RapidResponse® platform,
Planning.AI amplifies the capabilities of Kinaxis' existing demand
and supply planning applications, enabling companies to mature
their processes and drive next-level business results across their
end-to-end supply chains. 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.
The Digital Innovation Awards identify the technologies that
have the most striking impact in their respective markets. The
prestigious Ventana Research Digital Innovation Awards recognize
trailblazing organizations that contribute advancements in
technology, drive change and increase value for organizations
worldwide, backed by market research and analyst expertise across
business and IT.
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.