QLM Distributor Quoting & Sourcing Software
Closed-Loop Quoting Solutions for Distributors
One Platform for Customer and Supplier Interactions
Most distributors are familiar with the challenges of managing the customer quote process, which can be both complicated and fraught with potential errors. These difficulties are compounded by short turnarounds, large volumes, and wide-ranging supplier estimates, making it nearly impossible for even the most organized distributor to compile accurate quotes manually.
QStrat understands the stakes and complexities involved in the quotation process, which is why we developed the only unified quoting and sourcing software in the industry. QLM Distributor Quoting is an advanced, cloud-based source price quote (CPQ) software solution that brings together everything you need to instantly generate highly accurate quotes—all within a comprehensive management interface.
Quoting Software Benefits
QStrat’s Distributor Quoting Software is the only solution in the industry that brings all the pieces together in one system and integrated process.
Other time-saving features of our quoting software solution include:
- Automated order entry to your ERP
- Customized material libraries
- Real-time collaboration and sharing capabilities
- Advanced text search functionality for easy navigation
- Systematically capture responses immediately without the need for suppliers to access a supplier portal
- Level the field by applying cost drivers to supplier pricing for logistics, customs or other added elements
- Build and adjust customer pricing based on selected supplier responses and definable margin rates
- Set approvals and checkpoints with built in configurable workflow management
- Preview/Send Formal customer quote document and systematically recognize customer acceptance/PO for initiation of Order Processing
Read Article: How Distributors are Tackling New Supply Chain Challenges
All of these features bring the following benefits to distributors:
- Accelerate sales cycles. Make every sale faster by consolidating the quoting and sourcing timeline. QSTRAT’s software helps you compile and compare supplier responses, select the most cost-effective options, and automatically generate a customer-facing proposal. We offer the fastest quote times in the industry.
- Automate Pricing. Manual price setting is impractical in the modern, fast-paced sales environment. Quoting software is the best way to guarantee optimal price configurations based on Supplier quotes, no matter how many variables you’d like to analyze. Capabilities also include custom configurations and feature-specific configurations to ensure complete flexibility.
- Automated proposal generation. A comprehensive CPQ software solution doesn’t just make quoting easy, it makes quoting automatic. Define system rules to generate an optimized proposal, then review, approve, and send the quote all from the same interface.
- Unified Sourcing and Quoting . Our solution fully integrates the Supplier and Customer quote. This provides the ability to respond to changing Customer demands quickly. Suppliers can be asked to requote on changing volumes or specs and the new data is instantly visible in the Customer quote.
Distributor Quoting & Sourcing Management
Perfect for Distributors supporting OEM operations with MRO or fastener needs, as well as contract manufacturers or Job Shops that outsource work for production or prototyping.
All of these benefits derive from the structure of QStrat’s software suite. As a full-featured quotation management system, our family of software includes flexible applications for creating and tracking quotes and costs. All of the applications are web-based, making them suitable for both remote and on-site management tasks.
QLM Distributor Quoting Software Features
Accuracy
Supplier costing and developed Customer pricing linked and traceable
Reissue/Reuse past eRFQs
Consolidated Interface
No more moving from Customer Quoting system to Sourcing and back to Customer quoting, all steps completed in one system. Move communications and tracking from emails and “quote tracker” spreadsheet into searchable and reportable database.
Import from Excel
Build RFQ event in an instant with all item attributes and details complete
Systematic Assignment of Suppliers
Assign suppliers based on match of SKU requirements and Supplier capabilities, no searching through files or past events
Collect Supplier Submissions with No IT Overhead
Instantly consolidate supplier responses and present side by side for comparison. Validate submission through supplier collection form before receipt. Auto-Select lowest cost submission.
Generate Customer Pricing/Quote with Ease
Use application to develop proposed pricing based on system rules. Preview/Approve/Send Customer quote direct from system. Record Customer response, receive PO.
Top Notch Reporting and Analytics
Built in eRFQ performance dashboard. Reporting and analytics with Standard and customer developed reports. Link to your BI tool for comprehensive process reporting.