QAD Offers Diagnostic Tool to Help Manufacturers Gauge Their Ability to Handle Disruption
29 September 2020 - 10:08PM
Business Wire
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.
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the full release here:
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"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.
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version on businesswire.com: https://www.businesswire.com/news/home/20200929005444/en/
QAD Inc. Scott Matulis Public Relations 818-451-8918
publicrelations@qad.com or Evan Quinn Analyst Relations
617-869-7335 industryanalyst@qad.com
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