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What is QLM Sourcing?

QLM Sourcing is an innovative cloud-enabled platform designed for strategic sourcing and supplier management, aimed at enhancing operational efficiency, productivity, and output quality for its users, ultimately leading to improved profitability. The system boasts a variety of features including customer relationship management, collaborative supplier eRFQ event coordination, business award tracking, purchase order management, and comprehensive spend analysis, among others. Users can customize eRFQ templates tailored to their specific product or service needs, ensuring that the sourcing process aligns closely with their requirements. To boost supplier engagement, an automated reminder feature alerts suppliers about approaching deadlines, thereby improving response rates and ensuring compliance with timelines. Additionally, the platform offers configurable document management, supplier segmentation, and a self-service portal, all designed to facilitate effective supply base management. New suppliers can be effortlessly added in mere seconds, all without incurring costs or the burden of maintaining an extensive supplier portal, which simplifies the onboarding process significantly. This comprehensive functionality empowers organizations to optimize their procurement strategies and foster stronger supplier relationships.

What is Arkestro?

Enjoy a seamless sourcing experience that eliminates the necessity for logins or apps, as our platform facilitates one-click sourcing events that are sent straight to your suppliers' inboxes, complemented by real-time predictive insights. Our versatile data model caters to all spending categories, enabling users to source products similarly to how they would in Excel, while also leveraging the advanced features of Arkestro. The predictive anomaly detection function proactively spots and corrects mistakes before they advance to the procurement phase, thereby improving both accuracy and efficiency. Role-based access streamlines project management for sourcing events, guaranteeing that all relevant parties receive prompt updates. By examining supplier behavior, Arkestro fine-tunes sourcing cycles, leading to shorter event durations. Our efficient email-based workflow generates a variety of award scenarios, suitable for sourcing events of any scale or complexity. Supplier quotes frequently suffer from inaccuracies due to data entry and copy-paste errors, complicating the tracking of sourcing processes that often rely on numerous pivot tables. Moreover, new sourcing cycles typically neglect to apply insights from previous supplier quotes, resulting in repeated errors. With our cutting-edge pricing simulator, you can swiftly gather recommendations for your suppliers, motivating them to modify and resubmit their bids for improved results. This holistic strategy not only reduces errors but also significantly boosts overall sourcing efficiency, making the process smoother for all involved. Ultimately, this innovative approach positions you to achieve better financial outcomes while fostering stronger supplier relationships.

Media

Media

Integrations Supported

NetSuite
Plex Smart Manufacturing Platform
SAP Business One

Integrations Supported

Ariba Network
Coupa
GEP Quantum Intelligence
JAGGAER One
Microsoft Excel
Zycus Procure-to-Pay

API Availability

Has API

API Availability

Pricing Information

User level based subscription model.
Free Trial Offered?

Pricing Information

Pricing not provided

Supported Platforms

SaaS
Windows
Mac

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

QSTRAT

Date Founded

2005

Company Location

United States

Company Website

www.qstrat.com

Company Facts

Organization Name

Arkestro

Date Founded

2016

Company Location

United States

Company Website

arkestro.com

Categories and Features

Procurement

Sourcing Management
Spend Management
Supplier Management

RFQ

Not specified

Sourcing

Collaboration
Global Sourcing Management
Rfx Management
Spend Management
Supplier Management
Supplier Qualification
Supplier Risk Management
Template Management

Spend Analysis

Not specified

Supply Chain Management

Supplier Management

Categories and Features

AI Procurement

Not specified

Anomaly Detection

Not specified

Procurement

Budget Management
Contract Management
Spend Management
Supplier Management

Sourcing

Budget Management
Rfx Management
Spend Management
Supplier Management
Supplier Qualification
Supplier Web Portal
Template Management

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