GT Nexus and Kinaxis have announced a partnership to deliver a new cloud-based planning and execution platform for enterprise customers and business process outsourcing (BPO) service providers.
The companies said the aim is to unify supply chain planning and execution to facilitate rapid response systems and coordinate activities across global business networks. The complexity of new systems and global supply chains in general has created the need for a unified approach, said GT Nexus Chief Executive Officer Aaron Sasson. "The new world of business networks demands tightly integrated supply chain planning and execution."
Sasson said the companies are continually investing in software and business-to-business messaging platforms, but feel there has yet to be a truly integrated and responsive global supply chain network.
The two companies have developed a cloud infrastructure built around collaboration within multi-enterprise supply chains. They hope to create this by combining the Kinaxis platform with the inter-enterprise execution network of GT Nexus.
Kinaxis will provide a foundation with its RapidResponse Control Tower that has a standard baseline on which business applications can be deployed. GT Nexus will provide visibility around orders, inventory, and commerce, as well as management along the supply chain.
The companies said one goal is to address areas that they feel ERPs are lacking, such as deep data from third parties. Doug Colbeth, CEO and chairman of Kinaxis, said "it's like having a brain without a nervous system. You can't unify planning and execution unless you can get beyond the boundaries of the single enterprise.”
Moving beyond a single enterprise system is the crux of the venture because most companies require a wealth of knowledge and data from external partners. Aberdeen Research estimates that up to 85 percent of the data a company needs to gain control over a multi-partner, multi-tier supply chain relies on frequent data-sharing among partners in the chain. — Geoff Whiting