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Forma Automotive Will Implement QAD Adaptive ERP

April 6, 2021 GMT

SANTA BARBARA, Calif.--(BUSINESS WIRE)--Apr 6, 2021--

QAD Inc. (Nasdaq: QADA ) (Nasdaq: QADB ), a leading provider of adaptive, cloud-based enterprise software and services for global manufacturing companies, today announced that Forma Automotive will upgrade to the latest version of QAD Adaptive ERP and deploy it in the QAD Cloud. Forma is also implementing QAD Automation Solutions to automate inventory transactions.

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San Antonio, Texas-based Forma Automotive belongs to the Santana Group of companies. It has been a QAD customer since 2015 and leverages QAD ERP solutions at automotive manufacturing facilities in the United States and Mexico. Forma is the first Hispanic, woman-owned direct tier I supplier to Toyota and was launched in 2014 to provide fully assembled Tacoma truck beds at Toyota Motor Manufacturing Texas. Today, Forma specializes in outsourced manufacturing and quality solutions in addition to providing quality goods and services to Toyota.

Experiencing accelerated growth, Forma needed the ability to produce faster, more accurate forecasts for MRP while staying aligned with rapidly changing industry best practices to keep pace and position itself for further expansion in 2021. After a successful QAD implementation at Forma’s facility at Toyota’s new plant in Guanajuato, Mexico, Forma reviewed its systems to devise a strategy to handle its anticipated growth. As a result, Forma decided to move their ERP infrastructure to the cloud, taking advantage of the scalability, reliability and security provided by QAD.

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“Forma’s new manufacturing project required the ability to manage a much more complex environment than that of our current production program,” said Forma General Manager Jose Peralta. “Everything from our total number of components, number of variations, our customers’ release strategy, our number of locations and the required production rate, grew exponentially in complexity. We turned to QAD and QAD Channel Partner Strategic Information Group for a solution and went through their discovery process. This led to their final proposal, which met our requirements and timing expectations.”

“This project happened because a longtime customer was happy with the QAD solution and with the years of support provided by QAD’s partner, Strategic Information Group,” said QAD Senior Vice President, North America Mike Brunnick. “This strong relationship combined with past project success gave Forma the confidence to move to the QAD Cloud. We believe that the cloud is a strategic decision, not just an implementation option. The long-term benefits of the cloud, allowing companies to scale quickly, providing improved uptime and overall security, make it a smart choice for manufacturing companies, especially global companies like Forma with facilities in more than one country.”

About QAD – Enabling the Adaptive Manufacturing Enterprise

QAD Inc. is a leading provider of adaptive, cloud-based enterprise software and services for global manufacturing companies. Global manufacturers face ever-increasing disruption caused by technology-driven innovation and changing consumer preferences. In order to survive and thrive, manufacturers must be able to innovate and change business models at unprecedented rates of speed. QAD calls these companies Adaptive Manufacturing Enterprises. QAD solutions help customers in the automotive, life sciences, consumer products, food and beverage, high tech and industrial manufacturing industries rapidly adapt to change and innovate for competitive advantage.

Founded in 1979 and headquartered in Santa Barbara, California, QAD has 30 offices globally. Over 2,000 manufacturing companies have deployed QAD solutions, including enterprise resource planning ( ERP ), digital supply chain planning (DSCP), global trade and transportation execution (GTTE), quality management system (QMS) and strategic sourcing and supplier management, to become an Adaptive Manufacturing Enterprise. To learn more, visit www.qad.com or call +1 805-566-6100. Find us on Twitter, LinkedIn, Facebook, Instagram and Pinterest.

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

About Forma Automotive

Forma Automotive, a Santana Group company, is the first Hispanic, woman-owned direct tier I supplier to Toyota. Launched in 2014, Forma provides fully assembled Tacoma truck beds to Toyota Motor Manufacturing in San Antonio, Texas, and Guanajuato, Mexico. Today, Forma has expanded its services to include outsourced manufacturing and quality solutions to companies in the United States and Mexico. Committed to continuous improvement and innovation, Forma Automotive brings together the ideal combination of manufacturing experience, operational discipline, and human resources expertise to meet the needs of each customer, locally, nationally and internationally. For more information visit www.formaautomotive.com.

About Strategic Information Group

Strategic Information Group (SIG), headquartered in Cardiff-By-The-Sea, CA, helps companies achieve their corporate goals with the application of enterprise technology. We specialize in providing proven solutions for a full range of enterprise applications including QAD Adaptive ERP, CRM, and Quality Management. SIG works with start-ups, multinationals and market leaders to implement their systems on time and on budget, helping them maximize the value of their enterprise technology. www.strategic.com.

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 the COVID-19 (novel coronavirus) pandemic or other catastrophic events that may harm our business; adverse economic, market or geo-political conditions that may disrupt our business; 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 source version on businesswire.com:https://www.businesswire.com/news/home/20210406005230/en/

CONTACT: QAD Inc.

Scott Matulis

Public Relations

818-451-8918

publicrelations@qad.com

or

Evan Quinn

Analyst Relations

617-869-7335

industryanalyst@qad.com

KEYWORD: MEXICO UNITED STATES CENTRAL AMERICA NORTH AMERICA CALIFORNIA TEXAS

INDUSTRY KEYWORD: AUTOMOTIVE MANUFACTURING INTERNET MANUFACTURING TECHNOLOGY SOFTWARE

SOURCE: QAD Inc.

Copyright Business Wire 2021.

PUB: 04/06/2021 08:05 AM/DISC: 04/06/2021 08:05 AM

http://www.businesswire.com/news/home/20210406005230/en