SANTA BARBARA, Calif., March 27, 2019 /PRNewswire/ -- QAD Inc. (Nasdaq: QADA) (Nasdaq: QADB), a leading provider of flexible, cloud-based enterprise software and services for global manufacturing companies, today announced that WireCo WorldGroup will standardize Enterprise Resource Planning (ERP) in its Steel division on QAD ERP solutions.

WireCo's growth through acquisition led to a host of legacy ERP systems including older versions of QAD within their Steel division. Their Mexico and Poland wire and rope mills have been operating on separate QAD installations since 1998. 

"After comparing IT operating costs in our existing QAD environments to our other ERP platforms we concluded that QAD offered significant savings. QAD leadership then aligned to help us understand the full benefit of standardizing on QAD throughout our Steel operations," said WireCo WorldGroup CIO Todd Rumsey. 

In total, 17 WireCo sites throughout the United States, Mexico and Europe will implement the latest version of QAD. These sites will receive a number of specific benefits including:

• End-to-End Supply Chain Visibility - From forecasted sales demand to manufacturing supply through end-customer fulfillment.
• Full Visibility of Key Performance Metrics - Elimination of redundant reporting mechanisms.
• Standardized Chart of Account Structure
• Global Preventative Maintenance Program - Visibility of maintenance schedules, cost, history and MRO item availability.
• Data Harmonization – Standardization of key master data and elimination of data proliferation.

"WireCo is a perfect example of a global company that saw the value in standardizing their business processes across a number of facilities and geographies," said QAD Senior Vice President, Global Sales, Ed Boclair. "The increase in supply chain visibility, standardized KPIs, and other benefits from having a company using the same solution can provide a decisive business advantage to a global enterprise like WireCo. We look forward to continuing our relationship with them for years to come."

About WireCo WorldGroup

WireCo WorldGroup is one of the world's largest manufacturers of steel and synthetic lifting products, servicing a diverse range of end markets, geographies and customers. They manufacture high-performance steel and synthetic rope, electromechanical cable (EMC), fabricated products, specialty steel wire, synthetic yarns and highly engineered plastic products. Headquartered in Prairie Village, Kansas, their 24 manufacturing facilities in eight countries provide an extensive global distribution network to deliver products.

For more information on WireCo WorldGroup, visit www.wireco.com.

About QAD – The Effective Enterprise

QAD Inc. (Nasdaq: QADA) (Nasdaq: QADB) is a leading provider of flexible, cloud-based enterprise software and services for global manufacturing companies. QAD Cloud ERP for manufacturing supports operational requirements in the areas of financials, customer management, supply chain, manufacturing, service and support, analytics, business process management and integration. QAD's portfolio includes related solutions for quality management software, supply chain management software, transportation management software and B2B interoperability. Since 1979, QAD solutions have enabled customers in the automotive, consumer products, food and beverage, high tech, industrial manufacturing, and life sciences industries to better align operations with their strategic goals to become Effective Enterprises.

To learn more, visit www.qad.com or call +1 805-566-6000.

"QAD" is a registered trademark of QAD Inc. All other products or company names herein may be trademarks of their respective owners. 

Contacts:

QAD Inc.

Scott Matulis

Public Relations

818-451-8918

[email protected]

or

Evan Quinn

Analyst Relations

617-869-7335

[email protected]

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.

View original content to download multimedia:http://www.prnewswire.com/news-releases/wireco-worldgroup-will-standardize-its-steel-operations-on-qad-erp-solutions-300819062.html

SOURCE QAD Inc.