What is 'decision factor' in SAP LOD-ESO - Sourcing OnDemand?

decision factor - Overview

• Component: LOD-ESO

• Component Name: Sourcing OnDemand

• Description: A value that allows a purchaser to prioritize and categorize an RFx question.

decision factor - Details

• 
  Key Concepts: 
  Decision factor is a feature of SAP LOD-ESO Sourcing OnDemand that allows users to create and manage criteria for evaluating suppliers. It enables users to assign weights to different criteria, such as price, quality, delivery time, and customer service, and then use those weights to determine the best supplier for a given purchase. 
  How to Use It: 
  To use decision factor in SAP LOD-ESO Sourcing OnDemand, users must first create criteria for evaluating suppliers. This can be done by selecting from a list of pre-defined criteria or by creating custom criteria. Once the criteria have been created, users can assign weights to each criterion. The weights are used to calculate a score for each supplier based on their performance in each criterion. The supplier with the highest score is then selected as the best supplier for the purchase. 
  
  Tips & Tricks: 
  When creating criteria for evaluating suppliers, it is important to consider all aspects of the purchase. For example, if price is an important factor, then it should be given a higher weight than other criteria such as quality or customer service. Additionally, it is important to consider the long-term implications of selecting a supplier. For example, if a supplier offers a lower price but has a history of poor customer service or delivery delays, then it may be better to select another