QLM Sourcing Software
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.
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Batch import dashboard -
Compare RFQ responses cost -
Custom supplier communications -
Fillable RFQ template -
RFQ responses, multiple parts -
Supplier management
Supported Operating System(s):
Mac OS, Web browser (OS agnostic), Windows 8
14 Reviews of QLM Sourcing
Brandon from Field Fastener
Specialty: Industrial Machinery & Equipment
September 2016
September 2016
Transiton was smooth and Qstrat was responsive to alll our needs
Likes Best
The program is completely customizable to fit our business model. While the out of the box option was attractive, we were able to work together to produce a products that perfectly suited our needs.
Likes Least
Start up was a bit buggy, but we were able to work through the issues in a quick fashion.
Recommendations
Do not be afraid to challenge Qstrat to make the program fit your needs. The modification costs were reasonable and timelines were surprisingly short.
Kevin from Akebono Brake Corporation
Specialty: Automotive
September 2014
September 2014
Easy to use
Likes Best
The copy function is exceptional, especially when sending multiple similar RFQs.
Likes Least
We get five-year pricing, but it only goes out four years in QLM.
Recommendations
Use the copy function. It's great for multiple similar RFQs.
Leann from Akebono Brake Corporation
Specialty: Automotive
September 2014
September 2014
QStrat QLM overview
Likes Best
The system is easy to use, and it helps organize and keep track of our supplier quotes. I would recommend it.
Likes Least
The system times out too quickly when using, and we have to log in again.
Recommendations
Try out the software, and see if it meets your company's needs.
Kayla from Akebono
Specialty: Automotive
September 2014
September 2014
QLM Overview
Likes Best
I like how easy it is to log quotes and to look the quotes up that have been submitted by the suppliers.
Likes Least
If you do not know the QLM code, it is rather hard to search for past quotes issued.
Recommendations
I would recommend that the software be easier to search. However, I do recommend the product because it is very user-friendly when entering data.
Bernadette from Akebono Brake Corp
Specialty: Automotive
September 2014
September 2014
Purchasing buyer review
Likes Best
It is user-friendly to enter data to send the RFQ.
Likes Least
There need to be better sorting capabilities, and reporting is not great.
Recommendations
It would be better to be able to run more reports in the system.
Jeff from Akebono
Specialty: Automotive
August 2014
August 2014
RFQs sent for Automotive Programs sub-components for brake systems.
Likes Best
I like sending RFQs electronically with drawings without filling up my mailbox.
Likes Least
The volume has to be placed without a comma, or it will not show up for the vendor.
Recommendations
I would like to be able to view the RFQ before sending it out in a view such as what will be seen by suppliers.
Eric from Akebono Brake Corporation
Specialty: Automotive
August 2014
August 2014
I am a commodities buyer, and I use QLM extensively.
Likes Best
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.
Likes Least
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.
Recommendations
I have worked with Pantera, iSqFt, and some other similar systems that are specialized for construction. This is comparable in all ways, better in some, and worse in none that I can think of.
Rob from Akebono Corporation
Specialty: Automotive
August 2014
August 2014
I have been using QLM Sourcing for about three years
Likes Best
It enables you to capture all your suppliers' quote in one formatted area, which makes it easier to review quotes side-by-side by line item.
Likes Least
Some suppliers have complained that they can not access the system to input the data.
Recommendations
Make sure it covers all your areas. I think it needs to have more reporting options that are friendly to use.
Snow from Akebono
Specialty: Automotive
August 2014
August 2014
Excellent Product for Tracking Quotations
Likes Best
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.
Likes Least
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.
Recommendations
It's easy to populate and simple to use. The software tracks the quotations and summarizes the results. Also, it's very easy to send changes or follow-up documentation.
Robert from Akebono Brake
Specialty: Automotive
July 2014
July 2014
Reasonable cost, but limited functionality
Likes Best
The cost is affordable cost, the functionality is easy to understand, and their customer service is great.
Likes Least
Functionality is limited. We still have to maintain lots of other sourcing documentation outside of QLM. There are limited reporting capabilities.
Recommendations
Understand what you need for a sourcing application. QLM works well for its scope, though this scope may be limited.
Brian from ABC Group Inc.
Specialty: Automotive
July 2014
July 2014
QStrat is a great Request for Quote system.
Likes Best
It has customizable forms, and it's easy to send out RFQs to multiple vendors. It's reliable and has great response tracking. It's easy to cut and paste. The menus are easy to follow. The addition of unlimited and no size restriction attachments are easy. It's customizable.
Likes Least
Multiple icons look the same but perform different tasks. With the next update, I would like to see the addition of the supplier to add attachments back (Prints, Official Quotes, Etc.). They are slow on updates.
Recommendations
Look to see if attachments from suppliers, customizable forms, and standard automotive forms are available?
Don from Linamar
Employees number: 10,000+ employees
February 2018
February 2018
Decent for the basics, would like to see more.
Ease-of-use
Usability
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Product Quality
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Value for Money
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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
February 2018
February 2018
It does the basics of quoting (sending and receiving quotes)
Ease-of-use
Usability
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Product Quality
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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.
John from Vuteq CANADA
October 2017
October 2017
QLM Sourcing Review
Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support
Pros
Cost effective easy to use solution. Would like to see more reporting and functionality. Easy to use and follow. Cost effective compared to competitors.
Cons
Not very flexible. Reporting metrics are not present. .
