SANTA BARBARA, Calif.--(BUSINESS WIRE)--QAD Inc., a leading provider of next-generation manufacturing and supply chain solutions in the cloud, announced that Spend Matters™ named QAD Supplier Relationship Management (SRM) software to its annual “50 Providers to Know” list.
Each year the “50 Providers to Know” list recognizes the best-in-class companies in the procurement and supply chain market. According to SpendMatters, these are firms businesses need to know; they lead the charge on new procurement technologies and services, setting the industry standard. Vendors listed are independently selected by the analyst team over multiple rounds of debate, focusing on factors such as innovation, market presence, tech competency and solution delivery.
"It's an honor for QAD to be elevated to one of SpendMatters ‘50 Providers to Know’ after being named to their ‘50 Providers to Watch’ list for the past five years," said QAD Chief Product and Marketing Officer Carter Lloyds. "As manufacturers requisition, source, and manage direct materials and strategic indirect spend, QAD offers manufacturers the tools they need to collaborate, source and respond to their quickly changing environment. With direct spend equating to 50-70% of total costs in the manufacturing industry, the impact of QAD SRM on profitability is substantial."
QAD is among 93 vendors in the Fall 2024 SolutionMap and TechMatchSM procurement technology rankings. Each of the vendors in the SolutionMap process undergo rigorous functionality and capability assessment with 500+ RFI requirements across 15 procurement technology solutions with mandatory demos and impartial, anonymized customer ratings.
SpendMatters is the leading solution intelligence source for procurement and supply chain professionals. Combining deep technology analysis and tailored advisory services with daily news coverage and subscription research, SpendMatters is trusted by CPOs, consultants, investors and solution providers alike as their procurement technology intelligence partner.
QAD SRM (Supplier Relationship Management), formerly Allocation Network, creates value for manufacturers by lowering cost of goods sold, reducing procurement costs and mitigating supply risks. It facilitates real-time communication to improve procurement processes, reduce inbound supply risks and eliminate manually intensive processes. Unlike generic procurement and indirect sourcing solutions, QAD SRM is built with manufacturers solely in mind, offering capabilities that handle complex bills of materials, engineering changes and quality management. It delivers benefits across direct and strategic indirect procurement activities by improving strategic sourcing and supplier performance analysis.
Cost savings though QAD SRM have been significant to customers. In one circumstance, KION, one of the world’s leading providers of industrial trucks and supply chain solutions, used QAD SRM’s Auctions module to achieve a 32% savings. “The main motivation for searching for an advanced and dedicated solution was reducing the manual effort, increasing efficiency, accelerating collaboration, and also, finally, to save money,” said Jens Brethauer, Vice President Digital Procurement & ERP systems, KION. “QAD SRM changed our work life definitely because there's now much more time left to negotiate better prices and save costs.”
“QAD SRM is a solution that focuses on direct materials (supplier management and sourcing) for the mid/mid+ market. The solution is especially strong in areas like configurability, support for direct material processes/management, and embedding several industry standards/best practices. In addition, customers can benefit from QAD's broader portfolio and how QAD SRM tightly integrates with it,” said Bertrand Maltaverne, Lead Analyst, Upstream Procurement for SpendMatters.
About QAD – Enabling Adaptive Enterprises
QAD Inc. is a leading provider of next-generation manufacturing and supply chain solutions in the cloud. To succeed in a turbulent world, facing disruptions in supply and fluctuations in demand, manufacturers and supply chains must rapidly respond to change and seamlessly optimize agility, efficiency, and resilience for effective customer service. QAD delivers Adaptive Applications to enable these Adaptive Enterprises.
Founded in Santa Barbara, California, QAD has customers in 84 countries around the world. Thousands of companies have deployed QAD enterprise solutions including enterprise resource planning (ERP), digital commerce, supplier relationship management (SRM), digital supply chain planning (DSCP), global trade and transportation execution (GTTE), enterprise quality management system (EQMS), connected workforce and process intelligence. To learn more, visit www.qad.com or call +1 805-566-6100. Find us on LinkedIn, X, Facebook and Instagram.
“QAD” is a registered trademark of QAD. All other products or company names herein may be trademarks of their respective owners.
