01:39:33 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Kinaxis Inc
Symbol KXS
Shares Issued 28,408,183
Close 2023-08-08 C$ 160.34
Market Cap C$ 4,554,968,062
Recent Sedar Documents

Kinaxis to assist Subaru on supply chain management

2023-08-08 11:20 ET - News Release

Ms. Claire Rychlewski reports

SUBARU EXPANDS WITH KINAXIS TO OPTIMIZE SUPPLY CHAIN MANAGEMENT IN ITS AUTOMOTIVE BUSINESS

Subaru Corp. has expanded its work with Kinaxis Inc. to improve demand forecasting operations, optimize inventory and increase operational efficiency.

The company's United States subsidiary is already using Kinaxis for accessory and service parts planning for its automotive business and has optimized demand planning and inventory to ensure adequate product supply. Subaru's Japan headquarters selected Kinaxis for its operational and implementation experience, superior functionality and feasibility for business innovation, and improved transparency throughout the supply chain.

The automotive industry is undergoing a period of change based on connected, autonomous, shared and electric (CASE) and is required to respond to new areas that have not been part of traditional car manufacturing. While it is essential to follow the rapidly changing business environment, existing supply chain management systems are becoming increasingly complex. Subaru is using Kinaxis' RapidResponse platform to further enhance its supply chain planning operations for accessories and service parts for its automotive business.

Kazutaka Saito, senior general manager of Subaru's parts and accessories division, said, "We hope to achieve an efficient supply of service parts that will meet our customers' needs while keeping inventory levels under control."

Claire Rychlewski, global executive vice-president of sales at Kinaxis, said: "We are excited to continue to support Subaru's global supply chain as the automotive industry undergoes a period of significant change. End-to-end supply chain visibility is critical to address all the uncertainties in the marketplace and we look forward to helping Subaru achieve its supply chain goals."

About Kinaxis Inc.

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, it combines human intelligence with AI (artificial intelligence) and concurrent planning to help companies plan for any future, monitor risks and opportunities, and respond at the pace of change.

© 2024 Canjex Publishing Ltd. All rights reserved.