QAD Offers Diagnostic Tool to Help Manufacturers Gauge Their Ability to Handle Disruption

SANTA BARBARA, Calif.--()--QAD Inc. (Nasdaq: QADA) (Nasdaq: QADB), a leading provider of flexible, cloud-based enterprise software and services for global manufacturing companies, announced the availability of the Adaptive Manufacturing Enterprise Maturity Model Diagnostic, a complimentary new tool designed to help manufacturing companies gauge their ability to recognize and adapt to disruption.

"In today's business climate, with the COVID-19 pandemic, supply chain interruption, and the availability of ground-breaking technology, constant disruption is the reality for many industries. The ability to adapt can predict whether a company will survive and even thrive during disruption," said QAD CEO Anton Chilton. "We call companies that are built to handle change, who can successfully rethink their business models and turn innovation into action, Adaptive Manufacturing Enterprises. Using our diagnostic tool, companies can gain insight into how they can increase their ability to thrive during times of unprecedented change."

The Adaptive Manufacturing Enterprise Maturity Model Diagnostic helps companies identify their business's strengths and potential weaknesses in the context of business disruption. It places companies in one of four stages along what QAD calls the Adaptive Manufacturing Enterprise Maturity Model. Each stage, Disjointed Enterprise, Functional Enterprise, Effective Enterprise and Adaptive Manufacturing Enterprise describes certain characteristics related to a company's ability to cope with disruption.

The results of the Adaptive Manufacturing Enterprise Maturity Model Diagnostic can help manufacturing companies answer the following questions:

  • What does my company need to do to prepare for and manage disruption?
  • How does my company compare to an ideal Adaptive Manufacturing Enterprise?
  • What does my company need to do to become an Adaptive Manufacturing Enterprise?

QAD discussed the tool on its QAD Tomorrow Thought Stream event on September 22, a one-hour global event hosted by QAD CEO Anton Chilton and focusing on the unforeseen disruption in manufacturing and the new transformation imperative. To take the Adaptive Manufacturing Enterprise Maturity Model Diagnostic go to: www.qad.com/adaptive-manufacturing-enterprise/diagnostic. To access a recording of QAD Tomorrow, go to: www.qad.com/adaptive-manufacturing-enterprise/stream.

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. 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 29 offices globally. Over 2,000 manufacturing companies have deployed QAD solutions including enterprise resource planning (ERP), demand and supply chain planning (DSCP), global trade and transportation execution (GTTE) and quality management system (QMS) 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.

Contacts

QAD Inc.
Scott Matulis
Public Relations
818-451-8918
publicrelations@qad.com
or
Evan Quinn
Analyst Relations
617-869-7335
industryanalyst@qad.com

Social Media Profiles

Contacts

QAD Inc.
Scott Matulis
Public Relations
818-451-8918
publicrelations@qad.com
or
Evan Quinn
Analyst Relations
617-869-7335
industryanalyst@qad.com