Electronics Manufacturer Implements QAD MFG/PRO Software for Better Performance and Collaboration
Announcement posted by QAD 17 Oct 2001
Computime Limited integrates business process flows across the enterprise, predicts increased inventory turns
QAD (Nasdaq: QADI), a leading provider of collaborative commerce applications for global manufacturing enterprises and their private exchanges, today announced that Hong Kong-based electronics manufacturer Computime Limited has implemented QAD MFG/PRO enterprise software, enhancing its collaboration and overall performance, and enabling it to compete more effectively in the global economy. QAD's comprehensive ERP solution helps Computime integrate business process flows, decrease costs and increase inventory turns.
"Our company needed to improve performance and surmount business challenges as they were encountered," said Ken Hung, IT manager at Computime. "QAD's MFG/PRO provides the functionality and e-business capabilities we need to compete even more effectively and deliver better performance. The solution helped us improve the transfer of information between departments and consolidate purchase orders, thereby increasing our bargaining power with vendors and reducing our cost of materials. According to our predictions, MFG/PRO will help us increase inventory turns by 20 percent."
Founded in Hong Kong in 1974 with 10 engineers and 18 staff, OEM electronics manufacturer Computime has expanded dramatically. Today, it has eight offices throughout China and Hong Kong and more than 2,000 employees worldwide.
As the company's operations expanded, it found that its original management information system was creating a bottleneck that prevented further improvements. Computime turned to QAD MFG/PRO for a sophisticated enterprise resource planning (ERP) system that has quickly addressed its requirements.
QAD MFG/PRO is a complete, web-enabled ERP foundation for manufacturers that increases inventory turns, productivity and profitability. It is easy to implement and offers global capabilities, enabling manufacturers with disparate worldwide operations to unify their sites and realize a quick return on investment.
Computime completed the implementation of QAD MFG/PRO manufacturing, distribution, financial, supply chain and service/support management applications in April 2001, running the solution on HP9000 servers at its Hong Kong headquarters and ShenZhen factory.
About Computime Ltd
Founded in Hong Kong in 1974, Computime Limited has eight offices throughout China and Hong Kong and more than 2,000 employees worldwide. The company's three strategic business units, Computime Ltd, Seccom Technologies Ltd, and Tracom (Asia) Ltd, have manufacturing, design and sales operations in 13 locations including Australia, Canada, China, Germany, Japan and the US. Visit the Computime website at www.computime.com.hk/.
About QAD
QAD delivers value through collaborative commerce for manufacturers, empowering enterprises to integrate diverse business processes and increase profitability. Manufacturers of automotive, food and beverage, consumer, electronics, industrial and medical products use QAD software at more than 5,200 licensed sites in more than 80 countries and in as many as 26 languages. For more information about QAD, telephone +1 805 684 6614, or visit the QAD web site at http://www.qad.com. To receive any of QAD's press releases via facsimile, contact 1 800 356 0747, or outside the U.S. contact +1 213 253 5647.
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"QAD" and "MFG/PRO" are registered trademarks 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. 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 publication of opinions by industry analysts about the company, its products and technology, the entry of new competitors and their technological advances, delays in localizing the company's products for new markets, 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; and general economic factors. In addition, revenue and earnings in the enterprise resource planning (ERP), e-business and collaborative commerce software industries are subject to fluctuations and the growth rates recently experienced by the company do not necessarily represent future operating results. Investors should not use any one quarter's results as a benchmark for future growth. For a more detailed description of the risk factors associated with the company and the industries in which they operate, please refer to the company's Annual Report on Form 10-K for the fiscal year ended January 31, 2001.
"Our company needed to improve performance and surmount business challenges as they were encountered," said Ken Hung, IT manager at Computime. "QAD's MFG/PRO provides the functionality and e-business capabilities we need to compete even more effectively and deliver better performance. The solution helped us improve the transfer of information between departments and consolidate purchase orders, thereby increasing our bargaining power with vendors and reducing our cost of materials. According to our predictions, MFG/PRO will help us increase inventory turns by 20 percent."
Founded in Hong Kong in 1974 with 10 engineers and 18 staff, OEM electronics manufacturer Computime has expanded dramatically. Today, it has eight offices throughout China and Hong Kong and more than 2,000 employees worldwide.
As the company's operations expanded, it found that its original management information system was creating a bottleneck that prevented further improvements. Computime turned to QAD MFG/PRO for a sophisticated enterprise resource planning (ERP) system that has quickly addressed its requirements.
QAD MFG/PRO is a complete, web-enabled ERP foundation for manufacturers that increases inventory turns, productivity and profitability. It is easy to implement and offers global capabilities, enabling manufacturers with disparate worldwide operations to unify their sites and realize a quick return on investment.
Computime completed the implementation of QAD MFG/PRO manufacturing, distribution, financial, supply chain and service/support management applications in April 2001, running the solution on HP9000 servers at its Hong Kong headquarters and ShenZhen factory.
About Computime Ltd
Founded in Hong Kong in 1974, Computime Limited has eight offices throughout China and Hong Kong and more than 2,000 employees worldwide. The company's three strategic business units, Computime Ltd, Seccom Technologies Ltd, and Tracom (Asia) Ltd, have manufacturing, design and sales operations in 13 locations including Australia, Canada, China, Germany, Japan and the US. Visit the Computime website at www.computime.com.hk/.
About QAD
QAD delivers value through collaborative commerce for manufacturers, empowering enterprises to integrate diverse business processes and increase profitability. Manufacturers of automotive, food and beverage, consumer, electronics, industrial and medical products use QAD software at more than 5,200 licensed sites in more than 80 countries and in as many as 26 languages. For more information about QAD, telephone +1 805 684 6614, or visit the QAD web site at http://www.qad.com. To receive any of QAD's press releases via facsimile, contact 1 800 356 0747, or outside the U.S. contact +1 213 253 5647.
###
"QAD" and "MFG/PRO" are registered trademarks 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. 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 publication of opinions by industry analysts about the company, its products and technology, the entry of new competitors and their technological advances, delays in localizing the company's products for new markets, 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; and general economic factors. In addition, revenue and earnings in the enterprise resource planning (ERP), e-business and collaborative commerce software industries are subject to fluctuations and the growth rates recently experienced by the company do not necessarily represent future operating results. Investors should not use any one quarter's results as a benchmark for future growth. For a more detailed description of the risk factors associated with the company and the industries in which they operate, please refer to the company's Annual Report on Form 10-K for the fiscal year ended January 31, 2001.