SANTA BARBARA, Calif.--(BUSINESS WIRE)--QAD Inc. (NASDAQ:QADA) (NASDAQ:QADB), a leading provider of enterprise resource planning (ERP) solutions and services for global manufacturers, announced today that Terry Onica, QAD senior director of automotive, was honored by the Automotive Industry Action Group (AIAG) with an Outstanding Achievement Award for her significant contributions to help advance the global Materials Management Operations Guidelines/Logistics Evaluation (MMOG/LE) for the automotive industry.
Onica was honored, along with several other winners, at AIAG 2014 Volunteer Awards Ceremony on Wednesday, May 14, 2014 in Bloomfield Hills, Mich. She is involved with AIAG since 1991 and this is her 12th time winning the Outstanding Achievement Award.
“Terry has been a dedicated volunteer working on version 4 of MMOG/LE and actively educates suppliers about it globally,” said J. Scot Sharland, executive director, AIAG. “Her commitment to educate and improve the tool is reflected in her contributions to updating course materials, presenting at industry events and assisting in research.”
Onica, a member of the AIAG Supply Chain Steering committee and a co-chair of the MMOG/LE work group, was instrumental in releasing the fourth version of the tool for the global automotive supply chain. The MMOG/LE tool enables organizations to conduct a comprehensive evaluation of their supply chain capability and performance. Members of the MMOG/LE Global Workgroup include the AIAG, Odette International, OEMs, suppliers and service providers.
“I am honored to be recognized for my work,” said Onica. “It is gratifying to be a part of AIAG’s initiatives in creating best practices in the industry.”
Onica has served as an ambassador for AIAG’s global MMOG/LE project, and has championed QAD tools and related training aimed at helping leading automotive original equipment manufacturers (OEMs) and suppliers around the world, particularly in emerging markets, to implement the required business systems and prepare for internal reviews and customer MMOG/LE audits.
About AIAG
AIAG is a unique not-for-profit organization where OEMs, suppliers, service providers, government entities, and individuals in academia have worked collaboratively for more than 30 years to drive down costs and complexity from the supply chain. AIAG membership includes preeminent 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 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 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. 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 Exchange Commission.
