OTTAWA—A Canadian technology company that develops software that helps companies manage and optimize their supply chains has signed a major new automotive client.
Earlier this week, Kinaxis Inc. said it has struck a deal with Toyota Motor Corp. The agreement will see the Ottawa-based business take over management of certain aspects of the Japanese automaker’s sprawling supply chain.
Terms of the agreement were not disclosed, but Kinaxis said Toyota will replace the manual planning system it currently uses with the Canadian company’s cloud-based supply chain software. The company touts its system—marketed as RapidResponse—as being faster and more adaptable to real-world disruptions than “legacy” software currently in use at many companies.
The Japanese automaker said it expects the deal to help it make better use of its inventory and improve supply chain planning between its sales and production divisions.
No stranger to the auto industry, Kinaxis inked a similar deal with Nissan Motor Co. last year.