Compare Sourcing and 3rdWave - Jul 2022

Shlomi LaviShlomi Lavi / Jul 16, 2022

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Bottom Line: Which is Better - Sourcing or 3rdWave?

3rdWave is more expensive to implement (TCO) than Sourcing, and 3rdWave is rated higher (85/100) than Sourcing (82/100). 3rdWave offers users more features (8) than Sourcing (0).

Looking for the right Procurement solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:

BME Consulting Vs. 3rdwave

BME Consulting: Skill up and learn about procurement tips, advices, strategies and digitization on Sourcing Force blog

3rdwave: An exceptional global trade management platform for Importers, Exporters, Logistics Teams, and Trade Compliance professionals.

Who is more expensive? Sourcing Force or 3rdWave?

The real total cost of ownership (TCO) of Procurement software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for Sourcing Force and 3rdWave.

Sourcing Force price starts at $7 per user/month , On a scale between 1 to 10 Sourcing Force is rated 2, which is much lower than the average cost of Procurement software. 3rdWave price starts at $1,995 per month , When comparing 3rdWave to its competitors, the software is rated 4 - lower than the average Procurement software cost.

Bottom line: 3rdWave is more expensive than Sourcing Force.

Which software includes more/better features?

We've compared Sourcing Vs. 3rdWave based on some of the most important and required Procurement features.

Sourcing Force: We are still working to collect the list of features for Sourcing Force.

3rdWave: Inventory Management, Order Processing Management, Transportation Management, Logistics, Order Fulfillment.

Target customer size

Sourcing Force's typical customers include: Small, medium and large size businesses, and 3rdWave's target customer size include: Small, medium and large size businesses.



Sourcing Force

ITQlick rating
(5/5)

starts at $7 per user/month

Sourcing Force is a supply chain management software built for businesses to automate their tasks and processes of procurement. It is a complete cloud-based platform that fully incorporates ERP systems utilizin...

Categories: Accounts Receivable, Supplier Management, Procurement, PO: Purchase orders.

3rdWave

ITQlick rating
(3.5/5)

starts at $1,995 per month

3rdWave is a procurement software designed to help businesses experience the pinnacle of visibility. The software achieves this by validating and capturing supply chain data for a holistic view of operations.

Categories: Inventory Management, Work Order Management, Purchasing Management, Scheduling, Procurement.

Compare specifications

Compare features

Sourcing Force: 0 Features

We are working to collect the list of features

3rdWave: 8 Features

Inventory Management
Order Processing Management
Transportation Management
Logistics
Order Fulfillment
Scheduling
Contract Management
Purchasing
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100, the calculation is based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 (10 is high cost), based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Functionality score
Software review
Compare
Sourcing
ITQlick rating
5/5
Score
82/100
Pricing
2.6/10
License pricing
$7 per user/month
Functionality
4
Compare
3rdWave
ITQlick rating
3.5/5
Score
85/100
Pricing
5/10
License pricing
$1,995 per month
Functionality
22
DXC Proc...
ITQlick rating
3.9/5
Score
92/100
Pricing
7/10
License pricing
Pricing not available
Functionality
4
SynerTrade
ITQlick rating
4.1/5
Score
90/100
Pricing
10/10
License pricing
$59 per user/month
Functionality
16
DeltaBid
ITQlick rating
4.5/5
Score
89/100
Pricing
2/10
License pricing
$129 per user/month
Functionality
16

Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.