QAD Announces Enhancements to QAD Adaptive ERP & Related Solutions Designed to Help Adaptive Manufacturing Enterprises Manage...
March 31 2021 - 7:05AM
Business Wire
QAD Inc. (Nasdaq: QADA) (Nasdaq: QADB), a leading provider of
adaptive, cloud-based enterprise software and services for global
manufacturing companies, today announced the latest enhancements to
QAD Adaptive ERP and other solutions in the QAD Adaptive
Applications portfolio.
Global manufacturers face ever-increasing disruption caused by
many factors, including the COVID-19 pandemic, technology-driven
innovation, changing consumer preferences and new and revised
government regulations. To succeed in response to these
unprecedented changes, manufacturers must quickly adapt by
rethinking their business models and processes. QAD calls companies
that can do this rapidly, Adaptive Manufacturing Enterprises.
QAD Adaptive ERP and the QAD Adaptive Applications portfolio of
solutions help Adaptive Manufacturing Enterprises to become
more:
- Agile: An agile manufacturer is performance-oriented and
has process mobility and system flexibility. It responds rapidly to
internal and external business changes.
- Intelligent: An intelligent manufacturer is connected,
data-driven and optimized. It uses data to get real-time insights
into operations, customers and the market environment.
- Innovative: An innovative manufacturer is aware, dynamic
and customer experience-focused. It effectively addresses business
turbulence with new processes, services and products.
The latest release of QAD solutions includes new functionality
and capabilities designed to help Adaptive Manufacturing
Enterprises leverage disruption and change by addressing five
critical capabilities:
- Effective Enterprise Management lets manufacturers
operate from a trusted set of essential enterprise processes
including integrated multi-currency, multi-GAAP and multi-entity
financials, best practice purchasing, shared services, real-time
data and flexible data analytics.
- Digital Manufacturing allows manufacturers to leverage
digital and advanced technologies to better communicate, analyze
and use real-time information to meet cost and quality
objectives.
- Complete Customer Management delivers an outstanding
customer experience that builds a company's brand and helps
acquire, sell to and retain customers with less effort and
expense.
- Integrated Supplier Management improves supplier
collaboration and supply chain visibility allowing for faster
response to changes in supply and demand.
- Connected Supply Chain helps manufacturers effectively
collaborate with supply chain partners and address the challenges
associated with managing complex and ever-changing global supply
chains.
“The latest release of QAD Adaptive ERP continues to add
functionality to the Adaptive UX and the QAD Enterprise Platform
while introducing enhancements in many additional areas, including
Customer Relationship Management (CRM) and Trade Management and
Analytics,” said QAD CEO Anton Chilton. “We’ve also greatly
enhanced our Integrated Supplier Management capabilities with the
recent acquisition of Allocation Network. Manufacturers globally
face unprecedented levels of supply chain disruption requiring
360-degree visibility and control of supply networks and supplier
performance. This release delivers a variety of new capabilities,
across all five of our adaptive manufacturing focus areas,
specifically designed to increase user productivity and boost
manufacturing and supply chain efficiency.”
In addition to the latest updates to QAD Adaptive ERP, which
features the QAD Enterprise Platform and Adaptive UX, QAD has also
enhanced related solutions in its Adaptive Applications portfolio,
including QAD Dynasys DSCP (Digital Supply Chain Planning), QAD
EQMS (Enterprise Quality Management System), and QAD Precision GTTE
(Global Trade & Transportation Execution).
For details of the specific enhancements made to QAD Adaptive
ERP and its related solutions, please visit the QAD Blog.
About QAD – Enabling the Adaptive Manufacturing
Enterprise
QAD Inc. is a leading provider of adaptive, cloud-based
enterprise software and services for global manufacturing
companies. Global manufacturers face ever-increasing disruption
caused by technology-driven innovation and changing consumer
preferences. In order to survive and thrive, manufacturers must be
able to innovate and change business models at unprecedented rates
of speed. QAD calls these companies Adaptive Manufacturing
Enterprises. QAD solutions help customers in the automotive, life
sciences, consumer products, food and beverage, high tech and
industrial manufacturing industries rapidly adapt to change and
innovate for competitive advantage.
Founded in 1979 and headquartered in Santa Barbara, California,
QAD has 30 offices globally. Over 2,000 manufacturing companies
have deployed QAD solutions, including enterprise resource planning
(ERP), digital supply chain planning (DSCP), global trade and
transportation execution (GTTE), quality management system (QMS)
and strategic sourcing and supplier management, to become an
Adaptive Manufacturing Enterprise. To learn more, visit www.qad.com
or call +1 805-566-6100. Find us on Twitter, LinkedIn, Facebook,
Instagram and Pinterest.
“QAD” is a registered trademark of QAD Inc. All other products
or company names herein may be trademarks of their respective
owners.
Note to Investors: This press release contains certain
forward-looking statements made under the “safe harbor” provisions
of the Private Securities Litigation Reform Act of 1995, including,
but not limited to, statements regarding projections of revenue,
income and loss, capital expenditures, plans and objectives of
management regarding the company's business, future economic
performance or any of the assumptions underlying or relating to any
of the foregoing. Forward-looking statements are based on the
company's current expectations. Words such as “expects,”
“believes,” “anticipates,” “could,” “will likely result,”
“estimates,” “intends,” “may,” “projects,” “should,” “would,”
“might,” “plan” and variations of these words and similar
expressions are intended to identify these forward-looking
statements. A number of risks and uncertainties could cause actual
results to differ materially from those in the forward-looking
statements. These risks include, but are not limited to: risks
associated with the COVID-19 (novel coronavirus) pandemic or other
catastrophic events that may harm our business; adverse economic,
market or geo-political conditions that may disrupt our business;
our cloud service offerings, such as defects and disruptions in our
services, our ability to properly manage our cloud service
offerings, our reliance on third-party hosting and other service
providers, and our exposure to liability and loss from security
breaches; demand for the company's products, including cloud
service, licenses, services and maintenance; pressure to make
concessions on our pricing and changes in our pricing models;
protection of our intellectual property; dependence on third-party
suppliers and other third-party relationships, such as sales,
services and marketing channels; changes in our revenue, earnings,
operating expenses and margins; the reliability of our financial
forecasts and estimates of the costs and benefits of transactions;
the ability to leverage changes in technology; defects in our
software products and services; third-party opinions about the
company; competition in our industry; the ability to recruit and
retain key personnel; delays in sales; timely and effective
integration of newly acquired businesses; economic conditions in
our vertical markets and worldwide; exchange rate fluctuations; and
the global political environment. For a more detailed description
of the risk factors associated with the company and factors that
may affect our forward-looking statements, please refer to the
company's latest Annual Report on Form 10-K and, in particular, the
section entitled “Risk Factors” therein, and in other periodic
reports the company files with the Securities and Exchange
Commission thereafter. Management does not undertake to update
these forward-looking statements except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20210331005111/en/
QAD Inc. Scott Matulis Public Relations 818-451-8918
publicrelations@qad.com or Evan Quinn Analyst Relations
617-869-7335 industryanalyst@qad.com
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