OTTAWA, March 15, 2018 /CNW/ - Kinaxis® (TSX:KXS), provider of RapidResponse®, a leading cloud-based supply chain management solution based on concurrent planning, today announced Power Integrations™ (Nasdaq:POWI), will deploy Kinaxis RapidResponse to consolidate planning activities on a single platform.
As a leading innovator in the development and production of semiconductor technologies, Power Integrations selected
RapidResponse and its unique ability to provide end-to-end supply chain visibility, to improve its focus on order and customer
fulfillment. Power Integrations recognized the need to manage its supply chain from a global perspective on a unified platform,
keeping themselves at the leading edge of systems and processes.
"Through RapidResponse we will gain the ability to concurrently plan and trial unique scenarios in near-real-time," said Power
Integrations Vice President of Operations, Raja Petrakian. "This allows us to more accurately
forecast our consumption of inventory based on a variety of demand-based scenarios."
"Concurrent planning is the essential philosophy that is driving the digital transformation of global supply chains," said
Kinaxis CEO John Sicard. "With RapidResponse, Power Integrations will be able to 'know sooner and
act faster', gaining the ability to run multiple reality-based scenarios to help drive their decision-making process. Power
Integrations will gain a better understanding of end-to-end customer fulfillment and the financial impacts of their supply chain
planning decisions."
RapidResponse will drive Power Integrations' effectiveness through tight integration and alignment of all planning functions,
facilitating continuous orchestration of the enterprise's operations performance. RapidResponse dynamically balances supply and
demand in response to ever-changing conditions and enables effective collaboration in order to choose a sales and operations plan
that most closely aligns with corporate financial goals.
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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About Kinaxis Inc.
Offering the industry's only concurrent planning solution, Kinaxis is helping organizations around the world revolutionize their supply chain planning. Kinaxis
RapidResponse, our cloud-based supply chain management software, connects your data, processes and people into a single
harmonious environment. With a consolidated view of the entire supply chain, you can plan expected performance, monitor progress
and respond to disconnects when reality hits. RapidResponse lets you know sooner and act faster, leading to reduced decision
latency, and improved operational and financial performance. We can prove it. From implementation to expansion, we help our
customers with every step of their supply chain journey.
About Power Integrations
Power Integrations, Inc. is a leading innovator in semiconductor technologies for high-voltage power
conversion. The company's products are key building blocks in the clean-power ecosystem, enabling the generation of renewable
energy as well as the efficient transmission and consumption of power in applications ranging from milliwatts to megawatts. For
more information please visit www.power.com.
Power Integrations and the Power Integrations logo are trademarks or registered trademarks of Power Integrations, Inc. All
other trademarks are the property of their respective owner.
SOURCE Kinaxis Inc.
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