QAD Inc., a Santa Barbara, CA-based provider of next-generation manufacturing and supply chain solutions in the cloud, closed the acquisition of Phenix Software Inc., a Toronto, Canada-based production scheduling platform for global companies.
The amount of the deal was not disclosed.
The new solution, now called QAD Advanced Scheduling, optimizes production decisions by determining what products to make on each production line in the best possible sequence to minimize changeovers, optimize inventory, and align cost and service goals. It gives visibility to inventories, capacity, product attributes and changeover costs. This improves the synchronization of manufacturing processes, resource utilization and on-time delivery, while also helping to reduce inventory levels and waste.
Led by Noel Peberdy, Phenix Software Inc. originated from Zinata Inc. seven years ago after identifying that customers were experiencing major performance loss due to suboptimal changeovers and inventory levels, with no suitable tool to sustain the gains made with existing scheduling solutions. Committed to continuing to provide the best scheduling solutions available, Zinata has become a QAD distributor to sell, support, and implement the product as a valued partner.
QAD is a provider of next-generation manufacturing and supply chain solutions in the cloud. Thousands of companies have deployed its 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. The company has customers in 84 countries around the world.
FinSMEs
07/10/2024