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Description
QLM Sourcing is a cloud-based strategic sourcing and supplier management system that streamlines processes for users to increase efficiency, throughput and quality of output. This helps to drive higher profitability. QLM Sourcing has many features, including customer management and quote, collaborative supplier eRFQ events management, business award, purchase order, spend analysis and more. QLM Sourcing allows each user to create custom eRFQ templates according to their product/service type. An automated notification function reminds suppliers about a due date to increase response rates, and compliance.
Configurable document management, segmentation and supplier self-service are all available to help you manage your supply base efficiently. You can add new suppliers in seconds without any cost to suppliers and without the overhead of a high maintenance supplier portal.
Description
Obtaining competitive quotes often involves the tedious process of contacting suppliers individually via email. SourcingHQ simplifies this by consolidating the process into a single, timed bidding round. You can describe the product or service you require in straightforward terms or simply forward the inquiry received from your customer, and the AI assistant will create a structured request that outlines the necessary items, quantities, and a deadline. You then select the suppliers you typically engage with, allowing them to place bids through an email link, without the need for accounts, while also being able to see their current standing and adjust their offers before the bidding period ends. This platform enables you to analyze the pricing in detail, providing both PDF and Excel reports for easy comparison. SourcingHQ is tailored for small to mid-sized buyers, distributors, and resellers who frequently face one-off and urgent requests where pricing varies significantly. Their free plan allows for three auction events, while paid subscriptions cater to teams that need to source on a monthly basis. Additionally, there is a complimentary tool available to help compare quotes that have already been gathered, ensuring users have a comprehensive way to evaluate their options. This innovative approach not only streamlines the quoting process but also enhances the ability to secure the best possible deals.
API Access
Has API
Yes
API Access
Has API
No
Screenshots View All
No images available
Integrations
NetSuite
Yes
Plex Smart Manufacturing Platform
Yes
SAP Business One
Yes
Integrations
NetSuite
No
Plex Smart Manufacturing Platform
No
SAP Business One
No
Pricing Details
User level based subscription model.
Free Trial
Yes
Free Version
No
Pricing Details
$950/year
A free plan covers three auction events in total. Paid plans start at $950 per year.
Free Trial
No
Free Version
Yes
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
Yes
Mac
Yes
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
Yes
In Person
Yes
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
No
In Person
No
Vendor Details
Company Name
QSTRAT
Founded
2005
Country
United States
Website
www.qstrat.com
Vendor Details
Company Name
SourcingHQ
Founded
2026
Country
India
Website
sourcinghq.ai
Product Features
Procurement
Asset Management
No
Auction Management
No
Bid Management
No
Budget Management
No
Catalog Management
No
Contract Management
No
Inventory Management
No
Invoice Processing
No
PunchOut
No
Purchase Order Management
No
Receiving
No
Requisitions & Approvals
No
Sourcing Management
Yes
Spend Management
Yes
Supplier Management
Yes
Sourcing
Auction Management
No
Budget Management
No
Collaboration
Yes
Global Sourcing Management
Yes
Rfx Management
Yes
Spend Management
Yes
Supplier Management
Yes
Supplier Qualification
Yes
Supplier Risk Management
Yes
Supplier Web Portal
No
Template Management
Yes
Supply Chain Management
Demand Planning
No
Electronic Data Interchange
No
Import / Export Management
No
Inventory Management
No
Order Fulfillment
No
Order Management
No
Sales & Operations Planning
No
Shipping Management
No
Supplier Management
Yes
Transportation Management
No
Warehouse Management
No
Product Features
Sourcing
Auction Management
No
Budget Management
No
Collaboration
No
Global Sourcing Management
No
Rfx Management
No
Spend Management
No
Supplier Management
No
Supplier Qualification
No
Supplier Risk Management
No
Supplier Web Portal
No
Template Management
No