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QAD Shares New Automotive Standards from AIAG/Odette at Explore 2014 Customer Conference
|By Business Wire
|May 8, 2014 02:00 PM EDT
QAD Inc. (NASDAQ:QADA) (NASDAQ:QADB), a leading provider of enterprise
resource planning (ERP) solutions and services for global manufacturers,
today announced that the fourth version of the AIAG/Odette Materials
Management Operations Guideline/Logistics Evaluation (MMOG/LE), a tool
to improve the performance for the global automotive supply chain, has
been published. Automotive suppliers are encouraged to download and
review the new version at www.aiag.org
The MMOG/LE tool enables organizations in the global automotive supply
chain to conduct a comprehensive evaluation of its supply chain
capability and performance. Members of the MMOG/LE Global Workgroup
include the Automotive Industry Action Group (AIAG), Odette, OEMs,
suppliers and service providers such as QAD. This committee developed
the updated standards that are now available.
QAD Automotive Director Terry Onica briefed QAD customers on the latest
revision at QAD Customer Conference Explore in New Orleans. As a MMOG/LE
Workgroup member, Onica was able to provide insight on the changes as
well as provide consultation on the steps automotive organizations
should take to implement the new version and meet global customer
requirements for OEMs such as Ford, Chrysler, General Motors, and others
in 2014 and beyond.
“The new standards will start to be required by OEMs as early as August
2014, which makes it imperative that automotive suppliers review the
newest guidelines with Version 4 and begin the planning process to
integrate these new standards into their materials management
processes,” stated Dan Howe, AIAG GM management loan.
“MMOG/LE Version 4 is one of the most advanced prescriptive protocols
for the supply chain that can be used by manufacturers and provides a
roadmap for improved efficiency in the global automotive supply chain,”
said John Canvin, Managing Director, Odette. “Adopting MMOG/LE Version 4
ensures that manufacturers and their suppliers are adhering to the best
industry standards and operating at the highest level.”
“It has been an honor to contribute to defining the evolving content of
MMOG/LE to improve the performance of all tiers within the global
automotive supply chain,” said Terry Onica. “I’m proud to work closely
with the AIAG and Odette on behalf of QAD to provide training in North
America, Eastern Europe and in the Asia-Pacific regions. It’s extremely
gratifying to help elevate the efficiency of manufacturers and the
quality of their delivery performance to the auto industry.”
Follow us on Twitter @QAD_Community
or look to www.facebook.com/QADerp
for real-time updates from #QADExplore 2014.
About QAD – The Effective Enterprise
QAD Inc. (NASDAQ: QADA) (NASDAQ: QADB) is a leading provider of
enterprise software and services designed for global manufacturing
companies. For more than 30 years, QAD has provided global manufacturing
companies with QAD Enterprise Applications, an enterprise resource
planning (ERP) system that supports operational requirements; including
financials, manufacturing, demand and supply chain planning, customer
management, business intelligence and business process management. QAD
Enterprise Applications is offered in flexible deployment models as
on-premise software, in the cloud with QAD Cloud ERP or in a blended
environment. With QAD, customers and partners in the automotive,
consumer products, food and beverage, high technology, industrial
products and life sciences industries can better align daily operations
with their strategic goals to meet their vision of becoming more
For more information about QAD, call +1 805-566-6000, visit 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”, “would”, “might”, “plan” 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 its fiscal year ended January 31, 2014,
and in particular, the section entitled “Risk Factors” therein, and in
other periodic reports the company files with the Securities and
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