Kinaxis Corporation

Kinaxis Corporation

June 20, 2005 09:44 ET

Teradyne Deploys Kinaxis RapidResponse'TM' to Manage Volatile Demand and Maintain Customer Service Levels in the Face of Increasing Customer Demands

OTTAWA, ONTARIO--(CCNMatthews - June 20, 2005) -

Solution Provides Responsiveness and Control in an Outsourced Environment

Kinaxis™ Corporation, formerly Webplan, a provider of Response Management solutions that deliver manufacturing performance management by rapidly responding to constant volatility at the point-of-action today announced that Teradyne has successfully deployed Kinaxis RapidResponse to manage volatile demand and increase customer service levels within their outsourced environment.

Teradyne is a leading supplier of automatic test equipment and interconnection systems that deliver competitive advantage to the world's semiconductor, electronics and network systems companies. In 2004, Teradyne had sales of $1.8 billion, and currently employs about 5,900 people worldwide. The company required a solution with global visibility and rapid response capabilities in order to manage changes in demand, understand supply consumption and how to manage supply disruptions, shorten lead times and reduce excess and obsolete inventory.

"In a volatile, face-paced market where customer expectations continue to rise, our ability to respond rapidly to change is what sets us apart," said Bob Kenney, global supply chain manager at Teradyne. "We needed a solution that would empower our staff to respond quickly and wisely to a variety of changes. RapidResponse enables Teradyne to meet both customer and internal objectives by being able to respond effectively to ever present changes in our business."

RapidResponse delivers innovative technology that enables manufacturers to respond rapidly to constant volatility at the point-of-action-where real world variances in demand, supply, product and capacity occur. The RapidResponse unique architecture connects directly to front- and back-end systems, supports a continuous flow of information across multiple sites, as well as optimizes the value of existing infrastructure.

Teradyne planners, inventory managers, commodity managers and others utilize RapidResponse with data from Teradyne's other systems and from their subcontractors. Teradyne staff utilize RapidResponse what-if capabilities to compare various action alternatives to determine the best course of action for a given change. The solution has allowed Teradyne to save money by reducing excess and obsolete inventory and liability to suppliers resulting from unnecessary materials purchases.

"The next breakthrough in business performance for manufacturers is Response Management", said Randy Littleson, vice president of marketing at Kinaxis. "Business volatility combined with global supply chains and increasing customer expectations mean that organizations must have develop a core competency in Response Management to be market leaders. Companies like Teradyne are ahead of the curve in realizing this trend."

About Kinaxis

Kinaxis stands alone in delivering Response Management solutions that provide manufacturing performance management. By rapidly responding to constant volatility at the point-of-action-where real world variances in demand, supply, product and capacity occur-Kinaxis RapidResponse solution goes beyond traditionally historic scorecarding and performance metrics to drive collaborative response and manufacturing action. RapidResponse allows global leaders such as Casio, Coty, Honeywell, Jabil Circuit, and Raytheon to access real-time information and quickly collaborate to reach optimal decisions that align with corporate objectives, and rapidly drive effective action.

Copyright (C) 2005 Kinaxis Corp. All rights reserved. Kinaxis and Kinaxis Live Scorecard are trademarks of Kinaxis Inc. All other brands and product names are trademarks or registered trademarks of their respective owners and should be treated as such.

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