SANTA BARBARA, Calif.--(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.