Creating Fixed Assets in QAD

Posted on: April 19, 2022 | By: Chloe Cope | QAD Financials

Overview Fixed assets are large capital purchases which companies record as assets that depreciate over time (instead of expensing the cost). Companies can use fixed assets to make large investments in capital purchases that are used in production of its goods and services. Fixed assets allow companies to make purchases that do not result in a large impact on their income statement in the first year. Instead, the cost of...


Supplier Schedules vs Discrete Purchase Orders in QAD

Posted on: April 18, 2022 | By: Chloe Cope | QAD Financials

Supplier Schedules Supplier schedules in QAD give suppliers a forecast of what a company intends to buy over a certain period of time. With a one-time set up, supplier schedules allow MRP to take over and automatically generate purchase orders. Supplier schedules are intended for use with long term contractual agreements that typically require regular weekly, daily,  or even hourly deliveries. Supplier Schedules can be used with a fixed price,...


Translating Inbound/Outbound EDI Documents in QAD

Posted on: April 15, 2022 | By: Chloe Cope | QAD Business Process

When companies receive EDI documents to their QAD system, it is often in a format that QAD cannot read. Additionally, many companies have different EDI standards that complicate outbound documents. This blog discusses the importance of translating inbound/outbound EDI documents so that companies can leverage this standard form of document communication compatibly with their ERP system.  Electronic Data Interchange, or EDI, documents is a standard way of electronically sending documents...


QAD Bank Drivers: Business Case

Posted on: April 14, 2022 | By: Minela Covic | QAD Financials

This blog details a QAD bank drivers business case, in which leveraging bank drivers solutions enabled greater business efficiency. Business Case The client pays their vendors once a week during their Accounts Payable run. 90% of their payments are made via check currently. Their current ERP does not allow them to store supplier bank numbers in the system and does not allow them to export electronic payments. Therefore, for the...


Automation Solutions in QAD: Lessons Learned

Posted on: April 13, 2022 | By: Chloe Cope | QAD Business Process

QAD's Automation Solutions Module enables users to barcode inventory and then perform transactions using barcode data collection. This aids the organization in the efficient identification of the product and its movement. Prior to the introduction of this module, users had to use third party applications to accomplish barcode label generation and barcode data collection. This blog details the lessons Logan Consulting's team has learned during their implementation experiences leveraging the...


Best Pricing in QAD – Managing Volume Discounts

Posted on: April 12, 2022 | By: Chloe Cope | QAD Financials

QAD’s tools make it simple to create and manage volume discounts that apply to all quotes and sales orders, product lines, line items (inventory or memo, debits, or credits), and all customers with the same Customer Type. A customer never receives a discount smaller than the one entered in the customer file, unless it is manually overridden. You can manage volume discounts in Volume Discount Maintenance by filling out the...


Production Execution in QAD

Posted on: April 11, 2022 | By: Chloe Cope | QAD Manufacturing, QAD Business Process, QAD Distribution

Production Execution (PE) is a new QAD functionality that enables collaboration and communication between production planning and operations, ultimately offering benefits that increase production flexibility and operational capabilities. It offers a convenient solution to production management software within the QAD system, eliminating the need for paper waste or custom software.   By using a touch screen interface at the shop floor, PE creates the opportunity within the QAD system to...


Revenue Recognition in QAD

Posted on: April 5, 2022 | By: Chloe Cope | QAD Financials

QAD's Revenue Recognition module is designed around the Accounting Standards Codification (ASC) 606, which is part of the Generally Accepted Accounting Principles, or GAAP, that public and private companies are required to use when recognizing revenue from contracts with customers. Users are able to configure their QAD system to automatically create revenue contracts and performance obligations from a sales order. Once configured, revenue recognition rules will default to each performance...


Serialization in QAD

Posted on: April 1, 2022 | By: Andrew Hall | QAD Manufacturing, QAD Business Process, QAD Distribution

Summary QAD's Serialization provides out-of-the-box functionality to create and transact containerized inventory throughout the receiving, production, and shipping processes. QAD uses the term “Serialization” to represent the container serial number or “license plate." QAD Serialization supports multiple levels of containerization (e.g., items in boxes, boxes on pallets, etc.). Once inventory is Serialized, the Serialized container can be transacted throughout QAD by simply scanning the single Serialized number, which speeds processing...


Can QAD’s Best Pricing handle complex pricing scenarios?

Posted on: March 31, 2022 | By: John Pletch | QAD Financials

QAD offers Best Pricing as part of the base Enterprise Resource Planning (ERP) software.  Many companies have complex pricing scenarios and sales management that would like the ability to quickly change strategy as the market requires.  Best Pricing can handle most pricing scenarios, and when properly implemented, can be changed updated or changed with minimal effort. The most important factor in successfully implementing Best Pricing is mapping out all pricing...