Intelligent Not Artificial: The Momentum Behind AI Innovation at Kinaxis
March 12 2024 - 7:00AM
Business Wire
Over 50% of the supply chain leaders’ patents
are now in AI/ML
Kinaxis (TSX:KXS), the global leader in supply chain
orchestration, and a pioneer in artificial intelligence (AI) and
machine learning (ML), has been laying the groundwork for continued
success in the industry through a rapidly growing patent portfolio.
Over the past five years, the company’s patent portfolio has
grown by more than 500% and as of today, 55% of the
portfolio is for AI and ML-based innovations.
The exponential growth comes as a direct result of significant
investments in research and development as part of the company’s
commitment to strengthen its leadership position as a trusted
technology provider to chief supply chain officers globally. As
part of a robust innovation program, Kinaxis continues rolling out
a steady stream of AI- and ML-powered capabilities, which empower
its 40,000 users to build the most intelligent supply chains on the
planet.
Kinaxis uses AI innovation to drive better results while
maintaining the speed and agility required to navigate modern
supply chain challenges - by generating prescriptive
recommendations, predicting and surfacing insights, automating
processes and enhancing productivity through its platform. This
human-centred approach puts people first, augmenting their
capabilities to support faster and more informed decision
making.
“Kinaxis has always been about making life easier for the people
behind supply chains and the people they serve, and our patent
portfolio is a strong indicator of our success innovating in this
space,” said Chantal Bisson-Krol, vice president of AI
& ML solutions at Kinaxis. “Our approach to innovating with
AI/ML is no different. Our solutions are purpose-built, ensuring AI
augments the people using it, so they can make decisions with more
speed and accuracy. The recent AI patent growth we’ve seen
demonstrates that this approach is working.”
“In an era where supply chains are increasingly complex and
where agility, resilience, and sustainability are imperatives, the
companies that best leverage AI/ML to enhance the capabilities of
their supply chain teams will emerge as leaders,” said
Tariq Farooq, former chief supply chain officer at Sanofi.
“Kinaxis has a laser-like approach to pushing the boundaries of
what’s possible and the growth of its AI/ML patent portfolio make
it well-placed to support their client teams in their supply chain
transformations.”
Pending and issued patents cover all aspects of Kinaxis
technology, examples of which include:
- Dynamic Demand Sensing patents that provide better
understanding of how both internal (e.g. frequent price changes,
new product introductions, changes to promotional plans) and
external factors (e.g. weather, shifts in consumer behavior,
local/national events) are influencing short- and long-term demand
for their products.
- Patents that significantly expedite the various tasks in a ML
workflow, providing timely responses and insights for retail scale
data.
Kinaxis’ AI-powered technology and patented concurrency
technique allows companies to orchestrate their supply chain
network end-to-end from strategic planning to last-mile delivery.
Kinaxis technology helps companies supply the agricultural industry
with 40% of the world’s tractors, helps keep more than
110,000,000,000 teeth clean each year, and ensures more than 35
million pets are fed nutritious meals each year.
To learn more about Kinaxis and how it is transforming the way
AI is used in supply chains, please visit
https://www.kinaxis.com/en/artificial-intelligence
About Kinaxis
Kinaxis is a global leader in modern supply chain management. We
serve supply chains and the people who manage them in service of
humanity. Our software is trusted by renowned global brands to
provide the agility and predictability needed to navigate today’s
volatility and disruption. We combine our patented concurrency
technique with a human-centered approach to AI to empower
businesses of all sizes to orchestrate their end-to-end supply
chain network, from multi-year strategic planning through
down-to-the-second execution and last-mile delivery. For more news
and information, please visit kinaxis.com or follow us on
LinkedIn.
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version on businesswire.com: https://www.businesswire.com/news/home/20240312570571/en/
Media Relations Jaime Cook | Kinaxis jcook@kinaxis.com +1
289-552-4640 Investor Relations Rick Wadsworth | Kinaxis
rwadsworth@kinaxis.com 613-907-7613
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