QAD Joins FCA, Ford and GM on Risk Management at AIAG Supply Chain Summit
By Business Wire News
SANTA BARBARA, Calif.
QAD Inc. (NASDAQ:QADA) (NASDAQ:QADB), a leading provider of enterprise software and services designed for global manufacturing companies, today announced it is joining Fiat Chrysler Automobiles (FCA), Ford and General Motors as presenters at the Automotive Industry Action Group (AIAG) 2015 Supply Chain Summit, “Mitigating Risk and Managing Uncertainty,” on June 16, 2015, in Livonia, Michigan.
QAD’s Director, Automotive, Terry Onica, is joining representatives from the OEMs to discuss “Leveraging Risk Management through MMOG/LE.”
Materials Management Operations Guidelines/Logistics Evaluation (MMOG/LE) supports automotive manufacturers in assessing, improving and benchmarking materials management and logistics processes. This tool, from the Automotive Industry Action Group (AIAG), helps manufacturers uncover critical areas where automation and systems can significantly increase plant efficiency, reduce supply chain risk and streamline processes.
“Risk management is a critical consideration for automotive OEMs,” said J. Scot Sharland – Executive Director of AIAG. “MMOG/LE gives manufacturers, of all sizes, a strategic materials management roadmap to better define, understand and refine their internal processes to yield more predictable delivery outcomes.”
Risk management is a new requirement in MMOG/LE version 4 and will likely be included in the next version of ISO/TS 16949. Similarly, risk-based thinking is a new requirement of ISO9001:2015. A documented risk assessment process shall be in place to identify areas within the supply chain process that could affect the ability to meet the customer’s requirements in the event of a deviation from the normal business processes. This could include EDI, transportation, packaging, equipment failure, etc. FCA, Ford and GM will present their expectations for suppliers in this new requirement in MMOG/LE. In addition, the session will include a discussion about how to leverage existing tools to address risk management.
“QAD is pleased to join with our colleagues at the AIAG Supply Chain Summit to educate suppliers on how to address risk in order to meet this new MMOG/LE requirement,” said QAD Automotive Director Terry Onica. “We want our customers to mitigate risk and achieve the highest possible supplier ratings while aligning their business processes for peak efficiency with their strategic goals, part of being an Effective Enterprise, the QAD vision for its global manufacturing customers.”
QAD Enterprise Applications and the Effective Enterprise in Automotive Manufacturing
QAD has a leadership position in many automotive markets for automotive parts manufacturers. The company offers MMOG/LE support, consultation, tools and resources to help suppliers implement the required business systems and prepare for internal reviews and customer MMOG/LE audits. QAD provides effective MMOG/LE support to customers around the world. Whether in mature or emerging markets, suppliers leverage QAD’s MMOG/LE products and services to achieve preferred supplier status and improve performance as an Effective Enterprise.
AIAG is a unique not-for-profit organization where, for more than 30 years, OEMs, suppliers, service providers, government entities and individuals in academia have worked collaboratively to drive down costs and complexity from the supply chain via global standards development and harmonized business practices. AIAG membership has grown to more than 960 members and includes renowned global manufacturers and many of their parts suppliers and service providers. For more information, visit www.AIAG.org.
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 35 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 Effective Enterprises.
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, 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 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.