QStrat QLM Sourcing Review - why 3.9 stars?

QStrat QLM Sourcing Review
ITQlick Score: 82/100
ITQlick Rating: (3.9/5)
Pricing: 2.4/10 - low cost
Category: Supply Chain -> QStrat QLM Sourcing
Ranking:Ranked 34 out of 227 Supply Chain systems
Company: QStrat
Typical customers: Small, medium and large size businesses
Platforms: Desktop, Mobile, Cloud
Links: QStrat QLM Sourcing pricing, QStrat QLM Sourcing alternatives

Shlomi LaviShlomi Lavi / updated: Jul 06, 2022

We publish unbiased reviews. Our opinions are our own and are not influenced by payments from advertisers. This content is reader-supported, which means if you leave your details with us we may earn a commission. Learn more by reading our advertiser disclosure.

What is QStrat QLM Sourcing and its features?

QLM Sourcing is a supply chain management solution for businesses of all sizes. It offers contact management, quotation management, RFQ management, and other capabilities. The software was designed and launched by QStart Inc headquartered in Ontario, Canada.


What is QStrat QLM Sourcing rating?

The rating of QStrat QLM Sourcing is 3.9 stars out of 5 and the total score is 82 out of 100. The rating score is based on our unbiased data-based algo. Learn more - rating methodology page.

Who uses QStrat QLM Sourcing?

The software is a viable solution for businesses of all sizes. Major industries where it can be deployed include retail and wholesale, manufacturing and automation, technology, engineering services, financial services, retail and wholesale, and others. Among the major customers of the software we can include Akebono Brake Corp.

Is it easy to use?

Yes, QStrat QLM Sourcing makes it fairly easy to use. This product is user friendly and intuitive.

Is QStrat QLM Sourcing cloud-based?

Yes, they offer cloud based hosting, which means IT resources are retrieved through web-based tools and applications and you don't need to buy servers and additional hardware equipment.

Can it be used on mobile?

Yes, you can access QStrat QLM Sourcing on your mobile/smart phone.

Is QStrat QLM Sourcing the best Supply Chain system?

QStrat QLM Sourcing is ranked 34 out of 227 software in their category (Supply Chain systems).

What are their main features and functionalities?

The software offers automatic generation and communication of RFQ requirements. Centralized management is offered for contracts and suppliers and a simple quote submitting process is offered for suppliers. The software also offers accurate comparison of all supplier quotes. Standardized templates are provided for quick creation of RFQs and freedom is given to reuse the old RFQs. Assignment and communication can be simultaneously handled with multiple suppliers.

QStrat QLM Sourcing features secure PDF technology for the creation of RFQs and analysis of the collected data. The software also offers quotation lifecycle management and supplier management. Other important capabilities include dynamic and intelligent Adobe forms, instant sign-up, and guaranteed ROI within four months.

Who are their main alternatives?

Some of the main competitors for Qstrat QLM Sourcing are SutiProcure and EBid Exchange.

SutiProcure is a cloud based e-procurement solution which manages both buyer requirements and supplier fulfillment using workflows. Its features include supplier qualification & catalog listing, bid management through RFQ and Reverse Auctions as well supplier selection and the raising of purchase orders & contract finalization. Additional features include product receiving and confirmation as well as supplier invoicing & payment. There is also support for suppliers which are not pre-qualified, if the internal buyers require them to be included in the bidding process.

In comparison Qstrat QLM Sourcing is focused primarily on the procurement and purchasing cycle. The product has a library of templates that can be customized and used for the organization’s requirements. Additionally there is a process to track supplier performance to determine if they merit continued inclusion on the qualified supplier list for new bids.

Then there is EBid Exchange which provides a solution which provides a collaboration platform for buyers to jointly raise RFQs as well as review and finalize bids. There is also an auditing mechanism to review the entire bid management process to track deficiencies and recommend areas for improvement. Additionally the product provides access to procurement best practices that can be used to improve the overall buying process.

While Qstrat QLM Sourcing does not support these features currently, it is available as a web based solution and can send proactive alerts to mobile devices advising the status of an in-progress bid.

What is the cost of QStrat QLM Sourcing?

What is the REAL total cost of implementation? on top of the total cost of licenses which is easy to calculate you need to add the cost of training, customization, data migration, and other "hidden cost". ITQlick pricing score is 2.4 out of 10 (10 is most expensive). Find here the REAL total cost breakdown for QStrat QLM Sourcing

What should you ask QStrat during a demo session? (65 questions)

Schedule a demo with QStrat QLM Sourcing and access 65 must ask questions for the vendor while watching QStrat QLM Sourcing in action.

List of categories

Distribution
Supplier Management
Purchasing Management
Procurement
SC Procurement
Strategic Sourcing

List of features

Data Import/Export
Supplier Qualification
Supplier Risk Management

QStrat QLM Sourcing Vs. Alternatives

ITQlick rating
Score
Pricing
License pricing
Functionality
Review
Compare
QStrat Q...
ITQlick rating
3.9/5
Score
82/100
Pricing
2.4/10
License pricing
Pricing not available
Functionality
9
Compare
NetSuite...
ITQlick rating
4.2/5
Score
96/100
Pricing
4.8/10
License pricing
Pricing not available
Functionality
21
RedTail ...
ITQlick rating
3.7/5
Score
92/100
Pricing
5.4/10
License pricing
$99 per month
Functionality
6
Blast Ra...
ITQlick rating
4.4/5
Score
91/100
Pricing
5.6/10
License pricing
$500 per month
Functionality
6
elementum
ITQlick rating
4.4/5
Score
91/100
Pricing
6.6/10
License pricing
$19 per user/month
Functionality
3

Author

Shlomi Lavi

Website Linkedin profile Facebook Twitter

Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.