QAD Enhances Enterprise Solution
3 May 1999
QAD Enhances Enterprise Solution Through Automotive Customer-Driven Development
ATLANTA--May 3, 1999--New QAD Bundle Gives Detailed Information to Lower Levels of the
Supply Chain for Johnson Controls, Camcar Textron and MascoTech
Supply-chain-enabled enterprise software developer QAD Monday announced a new software bundle created through collaboration with its Automotive Development Group (ADG) members that is now being implemented by Johnson Controls, Camcar Textron and MascoTech.
Supplier Shipping Schedules and Supplier Performance, key elements of the new QAD bundle, provide more detailed information to lower levels of the supply chain. With Supplier Shipping Schedules, QAD customers have the ability to generate and distribute short-term shipping requirements to suppliers.
Supplier Performance allows QAD customers to track, evaluate and rate the quality and performance of suppliers, giving internal personnel the information they need to make critical decisions about suppliers. It also helps manufacturers provide performance feedback to their suppliers.
"QAD has shown a real commitment to developing the functionality we need. The automotive industry is very competitive, and trends are changing fast, so you must be on the leading edge. With QAD, we have a direct voice on product development. This is important to our success," said Frank Mahoney, manager-information technology, MascoTech Inc.
Although the bundled QAD applications were developed through the ADG, the valuable functionality it contains will also benefit QAD customers serving other vertical markets besides automotive. In addition to Supplier Shipping Schedules and Supplier Performance, the new bundle features Global Requisitions, Accounts Receivable Self-Billing and enhanced Cumulative Shipping Reset functionality.
Current members of QAD's ADG include Camcar Textron, Ford Motor Co., Johnson Controls, LDM Technologies, MascoTech, Tower Automotive and Valfond. Industry-leading QAD customers who join the ADG agree to a three-year commitment and work with a team of dedicated QAD business experts to develop new software functionality, providing direct input on the selection and definition of projects and the establishment of priorities.
"Our ADG members are some of the premier companies in the world today and are under tremendous pressure in an ever-changing industry. We needed a development model that supported our customers and allowed them to be confident in QAD's ability to move quickly and keep pace with the industry. That customer-driven development model is working for our customers today," said Charles Eggerding, vice president- automotive, QAD.
About QAD
Founded in 1979, QAD is a leading provider of enterprise and extended supply chain management software and services to multinational companies of all sizes, with special focus on the mid-market.
Available in 26 languages and able to support multiple currencies, QAD software helps speed business processes for more than 300,000 licensed users at more than 4,000 licensed sites in more than 80 countries.
QAD software is specifically designed for global manufacturers in the following targeted industries: automotive, consumer products, electronics, food and beverage, industrial, and medical products. Another important advantage is QAD's quick results wherever sites are located.
QAD revenues for the fiscal year ended Jan. 31, 1999, totaled $193 million. For more information about QAD, telephone 805/684-6614, or visit the QAD Web site at http://www.qad.com. To receive any of QAD's news releases via facsimile, contact 800/356-0747, or outside the United States, contact 213/253-5647.
NOTE TO INVESTORS: This news release contains certain forward-looking statements made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. A number of risks and uncertainties could cause actual results to differ materially from those in the forward-looking statements. These risks include evolving demand for the company's software products and products that operate with the company's products; the publication of opinions by industry analysts about the company, its products and technology; the entry of new competitors and their technological advances; delays in localizing the company's products for new markets; delays in sales as a result of lengthy sales cycles; changes in operating expenses, pricing, timing of new product releases; the method of product distribution or product mix; and general economic factors. In addition, revenue and earnings in the enterprise resource planning (ERP) software industry are subject to fluctuations and the growth rates recently experienced by the company do not necessarily represent future operating results. Investors should not use any one quarter's results as a benchmark for future growth. For a more detailed description of the risk factors associated with the company and the enterprise resource planning industry, refer to the company's Annual Report or Form 10-K for the fiscal year ended Jan. 31, 1998.
NOTE TO EDITORS: QAD is a trademark and MFG/PRO(R) is a registered trademark of QAD Inc. All other products or company names herein may be trademarks of their respective owners.