About QSTRAT Sourcing

QLM Sourcing by QStrat is a supply chain management solution that caters to businesses in industries such as automotive, medical devices, aerospace and more. Key features include quotation lifecycle management, supplier management, spend analysis, batch processing and an automated reminder module. QLM Sourcing can either be deployed on-premise or hosted in the cloud. QLM Sourcing's RFx workflow management module allows users to issue RFxs electronically to their suppliers, manage the audit histories and track changes. The solution also enables users to send bid receipts to buyers and suppliers and compare the responses in real time. The solution is also SOX compliant and helps users track communications with suppliers. Integration is supported with multiple enterprise resource planning (ERP) systems such as SAP, Oracle, NetSuite and Infor. Services are offered on a monthly subscription basis that includes support via phone and email.
QSTRAT Sourcing Software - Batch import dashboard
QSTRAT Sourcing Software - Compare RFQ responses cost
QSTRAT Sourcing Software - Custom supplier communications
QSTRAT Sourcing Software - Fillable RFQ template
QSTRAT Sourcing Software - RFQ responses, multiple parts
QSTRAT Sourcing Software - Supplier management
QSTRAT Sourcing Software - Batch import dashboard - thumbnail
QSTRAT Sourcing Software - Compare RFQ responses cost - thumbnail
QSTRAT Sourcing Software - Custom supplier communications - thumbnail
QSTRAT Sourcing Software - Fillable RFQ template - thumbnail
QSTRAT Sourcing Software - RFQ responses, multiple parts - thumbnail
QSTRAT Sourcing Software - Supplier management - thumbnail

QSTRAT Sourcing pricing

QSTRAT Sourcing does not have a free version but does offer a free trial.

Starting Price:
Not provided by vendor
Free Version:
No
Free trial:
Yes

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QSTRAT Sourcing Reviews

Feature rating

Value for Money
3.5
Functionality
3.5
Ease of Use
3.8
Customer Support
4.2
5 reviews of 14 View all reviews
Jeff
  • Industry: Automotive
  • Review Source
Value for Money
0
Features
5
Ease of Use
5
Customer Support
5

5
Reviewed on 22/08/2014

RFQs sent for Automotive Programs sub-components for brake systems.

Pros

I like sending RFQs electronically with drawings without filling up my mailbox.

Cons

The volume has to be placed without a comma, or it will not show up for the vendor.

Verified Reviewer
  • Industry: Wholesale
  • Company size: 51–200 Employees
  • Used Daily for 1+ year
  • Review Source
Value for Money
3
Features
3
Ease of Use
3
Customer Support
5

4
Reviewed on 08/02/2018

It does the basics of quoting (sending and receiving quotes)

It has saved us hours in sending out quotes to suppliers.

Pros

It saves a ton of time managing emails for quoting. You can send a large number of skus out to a large number of vendors in a very short time. The customer support is fantastic, whenever I call or email, our customer service rep jumps to the rescue.

Cons

It's only great if everything works perfectly within process. Send then receive works great. But If you need to add a part to the quote for a supplier that has already quoted, you have to do a work around. If the supplier can not get adobe, they can't import their quote using excel, instead, you have to do a work around. If a supplier quoted 1 of 20 parts incorrectly, they have to resubmit all 20, or do a work around. The front end experience (creating an rfq and sending the rfq to suppliers) is great and has saved us hours of work, The back end handling is where it's a little clunky.

Don
  • Industry: Automotive
  • Company size: 10,000+ Employees
  • Used Daily for 1+ year
  • Review Source
Value for Money
2
Features
3
Ease of Use
3
Customer Support
4

3
Reviewed on 15/02/2018

Decent for the basics, would like to see more.

Pros

1 stop shopping for quotes helps control our supplier quotes. Finding quotes and info is good and fairly easy to get at. Comparisons easy.

Cons

Ease of reports and get at info behind the main screens. There is new report systems but we have been unsuccessful to use

Eric
  • Industry: Automotive
  • Review Source
Value for Money
0
Features
4.5
Ease of Use
4.5
Customer Support
3.5

4.5
Reviewed on 21/08/2014

I am a commodities buyer, and I use QLM extensively.

Pros

I like the history of all quote requests that I can pull up and how I can pull them up by part number, RFQ, supplier name, or almost any field, honestly.

I also like the ease of updating supplier information. In general, the site is very intuitive; I didn't really receive extensive training, but I feel I have an acceptable level of expertise just through regular use.

Cons

I don't like that my suppliers see the portal differently than I do. Sometimes, I provide information, but for some reason (maybe just how it's displayed to them, I don't know), they can't find it. That might be their error, but it happens often enough that I believe it may be an issue with how it's displayed to them.

I also do not like how fast it goes to an automatic logout. It seems like it does it after five minutes or less. That's a little too quick.

Snow
  • Industry: Automotive
  • Review Source
Value for Money
0
Features
4.5
Ease of Use
4.5
Customer Support
4

4.5
Reviewed on 21/08/2014

Excellent Product for Tracking Quotations

Pros

The quotation system is excellent. The ability to set up suppliers and then send the same quotation to multiple suppliers is ideal. The other feature that I also like is the calculation tab for all the quotations received. This allows for a quick and easy supplier selection.

Cons

Due to the large number of quotations issued, it is difficult to find some RFQs in the system. To work around this, a quote summary sheet is prepared for all quotations, noting the RFQ number and part number quoted.

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