QAD, Inc (Nasdaq:QADI) today announced that David Minster, SVP of Operations and CIO with David Yurman, a QAD customer, was named a 2008 Practitioner Pros to Know" by Supply & Demand Chain Executive magazine. In addition, QAD's Vice President of Consumer Products, Phil Friedman, was named a "2008 Provider Pros to Know" by Supply & Demand Chain Executive magazine. This annual award honors exceptional executives at software companies and manufacturing companies for their role in the development and deployment of technology solutions to meet the demands of the 21st century supply chain.
SANTA BARBARA, Calif. (Business Wire EON) March 17, 2008 --
QAD, Inc (Nasdaq:QADI) today announced
that David Minster, SVP of Operations and CIO with David Yurman, a QAD
customer, was named a 2008 Practitioner Pros to Know”
by Supply & Demand Chain Executive magazine. In addition, QAD’s
Vice President of Consumer
Products, Phil Friedman, was named a “2008
Provider Pros to Know” by Supply & Demand
Chain Executive magazine. This annual award honors exceptional
executives at software companies and manufacturing
companies for their role in the development and deployment of technology
solutions to meet the demands of the 21st
century supply chain.
Since joining David Yurman in 2001, CIO David Minster has overseen the
rapid growth of the David Yurman brand and has driven the company’s
move from a regional supply chain to global sourcing. This rapid shift
has been facilitated through the savvy use of QAD
Enterprise Applications, and most recently QAD’s
Supply Visualization on-demand solution. Mr. Minster is implementing
technology solutions that will create an integration of Sales and
Operations Planning along with a leading-edge Web based sourcing system.
He believes in a future where technology will be required to drive a
collaborative effort between suppliers, across national boundaries, with
rapidly fluctuating currencies and commodity pricing and with strong and
varied regulatory requirement – all in a
secure environment protecting designs and intellectual property.
“QAD has long encouraged our executives to
not only meet the challenges of today, but keep an eye to the future and
develop solutions that will meet tomorrow’s
needs,” said Pam Lopker, President of QAD,
Inc. “Phil Friedman has embodied this ideal
in his work as he challenges customers to think beyond what is possible
and design systems that anticipate the coming challenges. The work we’ve
done with David Yurman is an example of how QAD
technology can be implemented not as a band-aid approach for a
current problem, but as an overall ideal to merge together disparate
divisions and groups to streamline communication.”
Phil Friedman has more than 30 years of experience in consumer industry
sales, marketing, consulting and business management. In his role at
QAD, Mr. Friedman works with QAD customers to design systems that enable
them to access the right information at the right time to create what
QAD terms the Perfect
Lean Market. Mr. Friedman is at the forefront of helping companies
understand the key issues of sustainability and quality and how to
leverage information technology to meet the stringent rules of
regulatory and customer compliance.
QAD
Enterprise Applications are designed to streamline the management of
manufacturing operations, supply chains, financials, customers,
technology and business performances all in one suite. Built on a deep,
foundational understanding of manufacturing and designed for maximum
flexibility anywhere in the world, QAD
Enterprise Applications are available in 27 languages and can handle
multiple currencies. For both single-site manufacturers with customers
and suppliers in many locations around the world, and global enterprises
with factories and plants in dozens of countries, QAD can provide the
solutions and support to operate multi-national businesses efficiently
and profitably.
The recognitions will be published in the February/March 2008 issue of Supply
& Demand Chain Executive.
About QAD
QAD is a leading provider of enterprise applications for global
manufacturing companies. 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. Manufacturers of automotive,
consumer products, electronics, food and beverage, industrial and life
science products use QAD applications at approximately 5,800 licensed
sites in more than 90 countries and in as many as 27 languages. For more
information about QAD, telephone +1 805 684 6614, or visit the QAD Web
site at: http://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 QAD Investors:
This press release contains certain forward-looking statements made
under the “safe harbor”
provisions of the Private Securities Litigation Reform Act of 1995. 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 2007 ended January 31, 2007.
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