10:54 AM EDT, 09/06/2024 (MT Newswires) -- Kinaxis ( KXSCF ) on Friday announced a partnership with Nulogy to develop solutions for brand manufacturing supply chain networks worldwide.

The partners aim to "catalyze" fast-moving consumer goods (FMCG) and life science brands and their supplier networks to collaborate more effectively digitally so as to reduce costs, and improve service and revenue. "Combining the supply chain orchestration capabilities of Kinaxis ( KXSCF ) with the collaborative external manufacturing specialization of Nulogy will enable customers to share forecasts and order information with suppliers and receive inventory capacity information faster," the statement noted.

Nulogy's multi-enterprise platform facilitates greater responsiveness in the supply networks of leading FMCG and life science brands, including L'Oreal, Colgate-Palmolive, and Church & Dwight.

Kinaxis Maestro is the AI-infused end-to-end supply chain orchestration platform for fast decision-making.

Kinaxis ( KXSCF ) was last seen up just $0.09 to $145.89, on the Toronto Stock Exchange. It was up more than $2 earlier, but the broader market has slumped.

Price: 146.10, Change: +0.30, Percent Change: +0.21