Bernhard Soltmann

Part of QAD, Inc., Allocation Network GmbH is a strategic sourcing and supplier quality management solution provider based in Munich, Germany. Allocation Network centralizes and organizes the entire procurement process of a product lifecycle using its supplier management, sourcing, auctions, and collaboration modules. Its integrated cloud-based solutions are sold to customers including BMW, Denso, Magna, Siemens, Voith, and Volkswagen. The German company enhances QAD's position in supporting the world's fourth-largest automotive marketplace and offers real-time communication between manufacturers/suppliers while removing manually intensive processes. QAD offers a complete ERP software suite tailored to industry-specific needs, including QAD Adaptive ERP and QAD Adaptive Applications for flexible cloud-based solutions and applications. The company was founded in 1998 by Andreas Vollmann and Bernhard Soltmann, who have been the CEOs since then. Allocation Network was acquired by QAD, Inc. on December 31, 2020 for $23.09 million.