QAD Tomorrow Thought Stream Identifies Supplier Management Challenges and Provides Best Practices for Optimizing Supply Chains for Efficiency, Agility, and Resilience

QAD Inc. (Nasdaq: QADA) (Nasdaq: QADB), a leading provider of flexible, cloud-based enterprise software and services for global manufacturing companies, held its QAD Tomorrow global thought stream, helping manufacturers identify supplier management challenges and providing best practices for optimizing supply chains for efficiency, agility, and resilience. QAD also announced the availability of the Integrated Supplier Management Diagnostic Tool that can help manufacturers quickly understand the levers that lead to better supply chain outcomes.

"Supply networks and supplier relationships are complex but increasingly critical to global manufacturing success. Customer demands change, shortages occur, and sometimes ships get stuck in the Suez Canal, causing a ripple effect through an already fragile supply chain," said QAD CEO Anton Chilton. "When something in your ecosystem changes or suppliers experience a failure of any kind, your company needs to adapt fast. If you have a reliable flow of real-time demand and supply data during disruption events, you can quickly communicate adjustments with suppliers and your customers and can recover. Success, and even survival, of your business requires that your supplier network maximizes efficiency today and also has the agility to handle tomorrow's disruptions."

QAD Tomorrow streamed globally on May 19. Participants heard from QAD CEO Anton Chilton and CMO Carter Lloyds as well as QAD customers and industry experts discussing common supplier management challenges and outlining best practices for overcoming them. You can watch a recording of QAD Tomorrow by following this link. To access the Integrated Supplier Management Diagnostic Tool, follow this link, email [e-mail], or call 805-566-6100.

"With disruption affecting manufacturing supply chains worldwide, smart managers have begun to give their relationships with their suppliers the attention they deserve and QAD can provide the tools to help them prepare for change,” said QAD CMO Carter Lloyds. “The manufacturing companies that attended this thought stream illustrate the growing importance that management is now giving to cultivating and maintaining relationships with their suppliers."

Integrated Supplier Management

While Tomorrow 2020 introduced QAD's vision for an Adaptive Manufacturing Enterprise, this year's thought stream focused on one of the five crucial capabilities of an Adaptive Manufacturing Enterprise - Integrated Supplier Management - which helps manufacturers rapidly respond to supply disruptions and reduce supply chain risk.