IndustryWeek Ranks QAD Automotive Customer as One of ``America's Best Plants''
6 January 2000
IndustryWeek Ranks QAD Automotive Customer as One of ``America's Best Plants''; Second Division of Aeroquip to Be So Honored
CARPINTERIA, Calif.--Jan. 6, 2000--QAD , a leading developer of e-business enterprise and supply chain applications, announced today that QAD customer Aeroquip Mountain Home has been named to IndustryWeek(TM) Magazine's annual list of the 10 Best Plants in America.Eaton Corp.'s Aeroquip Global Hose Division, located in Mountain Home, Ark., uses QAD enterprise resource planning software (ERP) in the manufacturing of hydraulic hoses which are used in large Ford trucks, John Deere tractors, and other heavy equipment. The Global Hose Division represents the second Aeroquip division to receive this honor.
"We are pleased to continue our ongoing partnership in technology with Eaton Corp.'s Aeroquip Global Hose Division, which has achieved great efficiencies in manufacturing," said Karl Lopker, CEO of QAD. "Our congratulations go to them for this honor and their accomplishments."
Industry-specific QAD software is designed to help manufacturers like Eaton achieve their business goals through comprehensive automation of manufacturing and distribution processes. QAD's MFG/PRO software is a comprehensive, open-architected, Internet-enabled enterprise solution that has set new standards in functionality, ease of use and rapid implementation. Eaton uses QAD manufacturing and distribution application modules at its Mountain Home Division.
A panel of IndustryWeek editors chose Eaton Corp. as a finalist from a nominated group of more than 400 plants. A team of outside experts in the manufacturing industry then evaluated the 25 finalists before naming Eaton Corp. to the list of America's Best Plants.
As a group, the 10 "Best Plants" achieved a median:
-- 54.5% five-year cycle-time reduction (the time from start of
production to completion of product).
-- 55% five-year productivity increase (value-added per
employee).
-- 0.17% scrap/rework costs as a percentage of sales.
-- 288-ppm customer reject rate on shipped products.
-- 98.6% first-pass yield for all products.
-- 20.5% five-year reduction in manufacturing costs, excluding
purchased materials.
-- 88.5 annual work-in-process (WIP) turns.
-- 30.9% return on net assets (profitability divided by average
net assets employed).
About Eaton Corp.
Eaton is a global manufacturer of highly engineered products that serve industrial, vehicle, construction, commercial, aerospace and semiconductor markets. Headquartered in Cleveland, the company has 64,000 employees and 205 manufacturing sites in 25 countries around the world. Eaton's sales for 1998 were $6.6 billion. On April 9, 1999, Eaton acquired Aeroquip-Vickers Inc., which had sales of $2.1 billion in 1998.
About QAD
Founded in 1979, QAD is a leading provider of industry-specific e-business software and services to multinational manufacturers and distributors 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. For more information about QAD, telephone +1 805 684 6614, or visit the QAD Web site at http://www.qad.com. To receive any of QAD's press releases via facsimile, contact 800/356-0747, or outside the U.S. contact +1 213 253 5647.
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.