QSTRAT Sourcing 2026: Benefits, Features & Pricing

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On this page

Overview
Pricing and Plans
Features
Integrations
User Reviews

Overview

QSTRAT Sourcing

3.9

(16)

Pricing

Starting at $300.00 per month

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...

QSTRAT Sourcing Screenshots

QSTRAT Sourcing Pricing and Plans

Starting price: $300.00 per month

Free Trial

Free Version

Basic

$300.00

per feature, per month

No plan information available

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QSTRAT Sourcing Features

Popular features found in Distribution
CRM
Financial Management
Inventory Tracking
Order Tracking
Purchase Order Management
Returns Management
Sales Forecasting
Shipping Management
Supplier Management
Warehouse Management
More features of QSTRAT Sourcing
Access Controls/Permissions
Activity Tracking
API
Audit Management
Audit Trail
Bid Management
Catalog Management
Collaboration Tools
Compliance Management
Contract/License Management
Customizable Fields
Customizable Reports
Customizable Templates
Data Import/Export
Document Management
Document Storage
Global Sourcing Management
Import/Export Management
Offboarding
Onboarding
Performance Management
Performance Metrics
Quotes/Estimates
Reminders
Reporting & Statistics
Requisition Management
RFP Creation
Rfx Management
Risk Assessment
Search/Filter
Sourcing Management
Spend Analysis
Spend Control
Spend Management
Supplier Qualification
Supplier Risk Management
Supply Chain Management
Template Management
Third-Party Integrations
Vendor Management
Vendor Master Data Management
Workflow Management

QSTRAT Sourcing Integrations

Plex Smart Manufacturing Platform

SAP Business One

NetSuite

QSTRAT Sourcing User Reviews

Overall Rating

3.9

Ratings Breakdown

31%

44%

25%

Secondary Ratings

Ease of Use

3.8

Value for money

3.8

Customer support

4.3

Functionality

3.5

Have you used QSTRAT Sourcing and would like to share your experience with others?

Verified

Reviewer

Wholesale

51-200 employees

Used daily for less than 2 years

Review source

Reviewed February 2018

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

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

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

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.

SERGIO A.

Verified reviewer

Electrical/ Electronic Manufacturing

5001-10000 employees

Used daily for less than 2 years

Review source

Reviewed December 2023

Qstrat - good solution

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

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

Cons:

*Develop timing, sometimes might be slow.

Don C.

Automotive

10000+ employees

Used daily for less than 2 years

Review source

Reviewed February 2018

Decent for the basics, would like to see more.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

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 L.

Verified reviewer

Electrical/ Electronic Manufacturing

10000+ employees

Used daily for less than 2 years

Review source

Reviewed December 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.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

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

Eric F.

Automotive

Used unspecified for unspecified

Review source

Reviewed August 2014

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

Ratings Breakdown

Ease of use

Customer support

Functionality

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.

John E.

Used daily for less than 2 years

Review source

Reviewed October 2017

QLM Sourcing Review

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

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. .

Snow N.

Automotive

Used unspecified for unspecified

Review source

Reviewed August 2014

Excellent Product for Tracking Quotations

Ratings Breakdown

Ease of use

Customer support

Functionality

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.

Brian S.

Automotive

Used unspecified for unspecified

Review source

Reviewed July 2014

QStrat is a great Request for Quote system.

Ratings Breakdown

Ease of use

Customer support

Functionality

Pros:

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.

Cons:

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.

Brandon P.

Industrial Automation

Used unspecified for less than 12 months

Review source

Reviewed September 2016

Transiton was smooth and Qstrat was responsive to alll our needs

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

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.

Cons:

Start up was a bit buggy, but we were able to work through the issues in a quick fashion.

Robert S.

Automotive

Used unspecified for unspecified

Review source

Reviewed July 2014

Reasonable cost, but limited functionality