Supplier Management enables you to classify suppliers using
procurement categories, and evaluate suppliers using real-time
transactional data to analyze criteria (for example, on-time delivery, quantity, and prices).
Supplier management includes:
Classification and Segmentation
o Supplier classification and segmentation is an ongoing process in which you assess and classify your suppliers at regular intervals and allocate your suppliers to segments of different importance. You can then focus especially on those suppliers that are strategically important and critical to your business, thus enabling you to develop and manage your business relationships. Supplier Evaluation o In supplier evaluation, you send out supplier evaluation requests to appraisers, asking them to fill out questionnaires about a supplier. You first create the questions and the corresponding answer options and then include the questions in one or several questionnaires. You can include the questionnaires in evaluation templates that serve as the basis for sending out evaluation requests.