06:44 AM EDT, 10/15/2024 (MT Newswires) -- Kinaxis ( KXSCF ) over the holiday weekend said it has struck a co-development deal with ExxonMobil to create supply chain solutions for the energy sector.

Under the deal, the companies will collaborate to identify supply chain challenges unique to the energy sector and create a potential industry solution to mitigate them.

The focus will be on a supply and demand planning solution for the fuel commodities market, which has no industry-wide standard and relies heavily on spreadsheets and other manual methods.

The solution is expected to allow the integration of refinery-to-customer planning with timely data for the most accurate supply/demand planning, balancing and signaling.

In the chemicals and lubricants space, the companies are developing an advanced planning solution that provides manufacturing and logistics constraints management coupled with scenario modeling and evaluation.

The co-development will also fit established sales and operations planning solutions for upstream operations to optimize sourcing, storage and movement of materials and assets to improve utilization and lower costs.