QSTRAT Sourcing

3.9
Overall rating
Reviews

3.9
Overall rating
Reviews

About QSTRAT Sourcing

QLM Sourcing & Supplier Management by QSTRAT is a Strategic Sourcing solution that caters to businesses in industries such as automotive, medical devices, aerospace and more. Key features include supplier eRFQ life-cycle management, supplier management, spend analysis, automated processes with reminder notifications for each step in your process. QLM Sourcing is a cloud application delivered in a browser. QLM Sourcing can be deployed to support cost estimation, delivering fast turn-around on supplier quotes for new materials/components or increased volumes on existing materials/components. Companies adopting QLM see improvements across the sourcing work process, improved response quality from more engaged suppliers, faster turn-around on quoting events, improved solutions from newly identified sources. QLM Sourcing can also be deployed in parallel for more tactical sourcing events, whether for day to day operations or contract market testing. QLM Sourcing's RFx workflow management module allows users to issue requests electronically to their suppliers, manage the "back-and-forth" of sourcing events, track changes and more. The solution also enables competing suppliers to easily submit their verified responses with no intervention. Buyers can then in real time review submissions side-by-side to select the most appropriate response. QLM Sourcing provides simple automation for key steps in the process, e.g., Supplier Selection, driving increased consistency of process and systemization of domain knowledge across your organization. Additional complementary functionality is provided for Supplier Management, including data collection, custom surveys, e.g., Risk management, supplier evaluations and on-boarding. The solution is also SOX compliant and helps users track all the communications with suppliers as an event proceeds. Integration is supported with multiple enterprise systems such as ERP, PLM and Cost Estimation through an "open API" capability. Services are offered on a monthly subscription basis that includes support via phone and email. QLM is easy to use and economical to deploy. Run five full users for under $20K per year, much less than the cost of another FTE! Implementation of the system is easy and quick when compared with other systems. Many organizations are up and running on QLM within a matter of weeks.
QSTRAT Sourcing Software - Process Flow
QSTRAT Sourcing Software - Custom supplier communications
QSTRAT Sourcing Software - Fillable RFQ template
QSTRAT Sourcing Software - Supplier management
QSTRAT Sourcing Software - Compare RFQ responses cost
QSTRAT Sourcing Software - Process Flow - thumbnail
QSTRAT Sourcing Software - Custom supplier communications - thumbnail
QSTRAT Sourcing Software - Fillable RFQ template - thumbnail
QSTRAT Sourcing Software - Supplier management - thumbnail
QSTRAT Sourcing Software - Compare RFQ responses cost - thumbnail

QSTRAT Sourcing pricing

QSTRAT Sourcing does not have a free version but does offer a free trial. QSTRAT Sourcing paid version starts at US$300.00/month.

Starting Price:
US$300.00/month
Free Version:
No
Free trial:
Yes

Alternatives to QSTRAT Sourcing

Zycus Procure-to-Pay Solution

Zycus offers a cloud-based sourcing and procurement suite that caters to businesses across various industry verticals...

QSTRAT Sourcing Reviews for UK Users

Feature rating

Value for Money
3.8
Functionality
3.5
Ease of Use
3.8
Customer Support
4.3
5 reviews of 16 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

Gabriel
  • Industry: Electrical/Electronic Manufacturing
  • Company size: 10,000+ Employees
  • Used Daily for 1+ year
  • Review Source
Value for Money
5
Features
3
Ease of Use
4
Customer Support
5

4
Reviewed on 08/12/2023

Good sourcing solution

They provide good service and have flexibility to customize the tool. They work with us in continuous improvement and standardizing our processes. Very good working relationship.

Pros

The support received from the QStrat team during and after implementation. The flexibility to work on customized solutions for our company.

Cons

Sometimes it takes too long on changes or develop something new

SERGIO
  • Industry: Electrical/Electronic Manufacturing
  • Company size: 5,001–10,000 Employees
  • Used Daily for 1+ year
  • Review Source
Value for Money
4
Features
4
Ease of Use
4
Customer Support
5

4
Reviewed on 07/12/2023

Qstrat - good solution

Pros

*Flexibility
*Excellent support and time response
*Great at gathering requirements
*Great process mapping

Cons

*Develop timing, sometimes might be slow.

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