QAD Announces Latest Version of QAD Adaptive ERP and Enhancements to the Adaptive Applications Portfolio

Rhea-AI Summary

QAD Inc. has announced significant enhancements to its QAD Adaptive ERP and QAD Adaptive Applications portfolio. Key additions include QAD Sourcing and Supplier Relationship Management (SRM), aimed at aiding manufacturers in improving supplier communication and automating procurement processes. These updates are vital for manufacturers dealing with disruptions like the COVID-19 pandemic. The new solutions promise to enhance supply chain performance and reduce procurement risks, ultimately fostering business agility.

Positive

• Introduction of QAD Sourcing and SRM solutions to enhance manufacturing supply chain management.
• Increased automation in the source-to-contract process, improving procurement efficiency.
• New capabilities in the QAD Adaptive ERP enhance operational intelligence and agility.

Negative

• None.

New supplier relationship management and sourcing solutions added to Integrated Supplier Management capabilities

SANTA BARBARA, Calif.--(BUSINESS WIRE)-- QAD Inc. (Nasdaq: QADA) (Nasdaq: QADB), a leading provider of next-generation manufacturing and supply chain solutions in the cloud, today announced the latest enhancements to QAD Adaptive ERP and the QAD Adaptive Applications portfolio designed to help manufacturers become Adaptive Manufacturing Enterprises.

Global manufacturers face ever-increasing disruption, including the COVID-19 pandemic, technology-driven innovation, changing consumer preferences and government regulations. Digitizing and managing supply chains has become increasingly crucial, with manufacturers pressed to rethink their business models and processes in the face of constant change.

"While the latest release of QAD Adaptive ERP continues to add functionality across all five of our critical capabilities, I am happy to announce the addition of QAD Sourcing and QAD Supplier Relationship Management (SRM) to our Integrated Supplier Management capabilities," said QAD CEO Anton Chilton. "These two new solutions will help our customers communicate effectively and transparently with their suppliers, automating and streaming supplier performance and risk information across the supplier lifecycle. We are also excited to unveil updates to other areas in the QAD Adaptive Applications solution portfolio including our QAD DynaSys Digital Supply Chain Planning and QAD Precision Global Trade and Transportation Execution capabilities. Taken together, this latest release enhances our customers’ intelligence, innovation and business agility to help them recognize, prepare for and leverage disruption to their competitive advantage.”

Based on QAD’s acquisition of Allocation Network, QAD’s new SRM gives manufacturers and their suppliers a single point of entry to facilitate real-time communication, improve procurement processes and reduce inbound supply risks. It delivers value across direct and strategic indirect procurement activities by improving strategic sourcing, supplier quality management, contract management and supplier performance.

Another new solution, QAD Sourcing adds new capabilities to further automate the source-to-contract process. This especially helps buyers better source direct materials and save valuable time when sourcing low-value or highly standardized products and services that do not require detailed communications with suppliers.

In addition to the latest updates to QAD Adaptive ERP, which features the QAD Enterprise Platform and Adaptive UX, QAD has 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). QAD Precision GTTE has also added a new Foreign-Trade Zone (FTZ) solution allowing manufacturers and distributors to establish and successfully manage FTZs and bonded warehousing operations – resulting in lower import costs and improved supply chain velocity.

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 next-generation manufacturing and supply chain solutions in the cloud. 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), 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211007005923/en/

QAD Inc.

Kristin Poulton

Public Relations

281-221-6329

publicrelations@qad.com

or

Evan Quinn

Analyst Relations

617-869-7335

industryanalyst@qad.com

Source: QAD Inc.

FAQ

What new solutions has QAD introduced for supply chain management?

QAD has introduced QAD Sourcing and Supplier Relationship Management (SRM) to enhance its Integrated Supplier Management capabilities.

How does QAD's new SRM solution benefit manufacturers?

The SRM solution provides a single point of entry for real-time communication, improving procurement processes and reducing supply risks.

What are the key enhancements in QAD Adaptive ERP?

The enhancements include improved functionality across critical capabilities, aiming to increase supply chain performance and operational agility.

When was the latest update to QAD Adaptive ERP announced?

The latest updates to QAD Adaptive ERP were announced on October 7, 2021.