|By Business Wire||
|January 7, 2013 10:07 AM EST||
QAD Inc. (NASDAQ:QADA) (NASDAQ:QADB), a leading provider of enterprise software and services for global manufacturing companies, today announced new Demand Planning capabilities as an add-on to QAD Enterprise Applications.
The QAD Demand Planning module supports collaborative forecasting and budget planning. QAD Demand Planning allows business users to access a suite of tools that enables effective collaboration while simplifying analysis across the extended enterprise.
Memory-resident planning and simulation enable rapid evaluation of the forecast including the effect of planned promotions or new product introductions. QAD Demand Planning helps customers enhance response to demand fluctuations.
QAD Demand Planning Enables Manufacturers to Gain the Following Capabilities:
- Maximize sales by optimizing inventory
- Reduce space and investment required by lowering inventories
- Reduce overstock and stock-outs by planning for demand fluctuations
- Generate realistic plans by recognizing past promotional activities
Of particular interest to food and beverage, pharmaceutical, consumer product goods and other manufacturing companies, QAD Demand Planning empowers managers to measure the accuracy of sales forecasts, which can lead to critical focus on forecast accuracy.
“QAD Demand Planning provides forecast visibility throughout your global supply chain,” said Gordon Fleming, chief marketing officer at QAD. “It enables managers to smooth out unpredictable and seasonal peaks in demand.”
Improve Customer Service and Increase Revenue
Visibility into supply and demand fluctuations enables companies to meet customer expectations and service-level goals. Rapid response can help reduce or prevent backorders and stock-outs, which can improve performance against important strategic key performance indicators (KPIs) such as delivered in-full-on-time (DIFOT) or excess inventory.
“Accurate demand planning capabilities allow customers to effectively manage the right inventory at the right time at the right place,” added Fleming. “Operating with greater inventory accuracy translates into operating at peak performance during peak season for peak customer satisfaction.”
QAD Demand Planning is a stand-alone module which imports from and exports data into the QAD ERP system. It also integrates with SAP, Oracle JDE, Oracle e-Business Suite and Lawson.
For more information about QAD Enterprise Applications and QAD Demand Planning, visit www.qad.com.
QAD is a leading provider of enterprise applications for global manufacturing companies specializing in automotive, consumer products, electronics, food and beverage, industrial and life sciences products. QAD applications provide critical functionality for managing manufacturing resources and operations within and beyond the enterprise, enabling global manufacturers to collaborate with their customers, suppliers and partners to make and deliver the right product, at the right cost and at the right time. For more information about QAD, telephone +1 805-566-6000, or visit the QAD web site at www.qad.com.
"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. Words such as “expects”, “believes”, “anticipates”, “could”, “will likely result”, “estimates”, “intends”, “may”, “projects”, “should”, and variations of these words and similar expressions are intended to identify these forward looking statements. Forward-looking statements are based on the company’s current expectations and assumptions regarding its business, the economy and future conditions. 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, evolving demand for the company's software products and products that operate with the company's products; the company's ability to sustain license and service demand; the company's ability to leverage changes in technology; the company's ability to sustain customer renewal rates at current levels; the publication of opinions by industry and financial analysts about the company, its products and technology; the reliability of estimates of transaction and integration costs and benefits; the entry of new competitors or new offerings by existing competitors and the associated announcement of new products and technological advances by them; delays in localizing the company's products for new or existing markets; the ability to recruit and retain key personnel; 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; timely and effective integration of newly acquired businesses; general economic conditions; exchange rate fluctuations; and, the global political environment. In addition, revenue and earnings in the enterprise resource planning (ERP) software industry are subject to fluctuations. Software license revenue, in particular, is subject to variability with a significant proportion of revenue earned in the last month of each quarter. Given the high margins associated with license revenue, modest fluctuations can have a substantial impact on net income. Investors should not use any one quarter's results as a benchmark for future performance. For a more detailed description of the risk factors associated with the company and the industries in which it operates, please refer to the company's Annual Report on Form 10-K for fiscal 2012 ended January 31, 2012, and in particular, the section entitled “Risk Factors” therein, and in other periodic reports the company files with the Securities and Exchange Commission.
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