Key Capabilities to Maximize Profitability, Simplify Sourcing
RFQ management
Makes it easy to manage the electronic RFQ process with suppliers, from recording requirements to the RFI, RFQ, contracts and finally, the order.
Supplier discovery and selection
Identify and qualify suppliers, negotiate best-value agreements, standardize processes and manage sourcing knowledge.
Collaboration
Easily gather key stakeholder requirements, collect supplier information and flexibly collaborate with suppliers.
Supplier performance
Quickly implement agreements, track cost savings and monitor supplier performance.
Automation
Streamlines critical direct spend and strategic indirect tasks across the sourcing lifecycle
Data management
Manages information from stakeholders and suppliers, measures transactional and contractual activity and incorporates third-party data.
Customer Success Stories
View All Customer Stories
Kromberg & Schubert Gains Notable Cost Savings
By eliminating manual tasks and gaining better visibility, this automotive supplier has taken their sourcing efficiency to the next level.
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KION Group AG Transforms Global Procurement with QAD SRM
The leader in industrial trucks and supply chain solutions leveraged QAD SRM to reduce RFQ creation time by 90% and costs by 32%.
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Frequently Asked Questions
How does strategic sourcing best work?
Strategic sourcing works best when it’s approached as a proactive, data-driven process that brings different teams together—and focuses on long-term value, not just quick cost cuts. The right sourcing software helps by simplifying things like RFx events, supplier collaboration, evaluations and supplier selection.
To learn more, check out our blog.
What are the common challenges and issues associated with sourcing?
Sourcing teams deal with plenty of challenges—like handling unpredictable supply chain disruptions, keeping suppliers reliable, and managing rising costs in a volatile market. On top of that, your team often faces scattered data, outdated tools, and the pressure to stay compliant with ethical and regulatory standards. Overcoming all of this isn’t easy—it takes strong supplier relationships, solid risk management, and smart use of technology.
Can suppliers collaborate directly during a sourcing event?
Yes, QAD Sourcing provides suppliers the ability to collaborate for timely access and sharing of needed information. This is supported with a secure space for real-time communication, data sharing and streamlined interactions between your business and suppliers—helping to boost efficiency and strengthen supply chain collaboration.