What is metrics in SAP LOD-ESO - Sourcing OnDemand?

SAP Term: metrics

• Component: LOD-ESO

• Component Name: Sourcing OnDemand

• Description: A measurement of supplier performance, as described in a master agreement. Metrics are a measure of compliance or non-compliance with the contract. In a supplier scorecard, a standard for measuring supplier performance.

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• Key Concepts: 
  Metrics are measurements used to evaluate the performance of a system or process. In the context of SAP LOD-ESO Sourcing OnDemand, metrics are used to measure the performance of the sourcing process, such as the number of bids received, the average bid price, and the time it takes to complete a sourcing event. 
  
  How to use it: 
  Metrics can be used to track and analyze the performance of a sourcing event. This data can be used to identify areas for improvement and optimize the sourcing process. Metrics can also be used to compare different sourcing events and identify trends in performance over time. 
  
  Tips & Tricks: 
  When setting up metrics for a sourcing event, it is important to consider which metrics are most relevant and useful for measuring performance. It is also important to ensure that the metrics are tracked consistently over time in order to accurately compare different events. 
  
  Related Information: 
  For more information on metrics in SAP LOD-ESO Sourcing OnDemand, please refer to the official documentation here: https://help.sap.com/viewer/product/LOD_ESO_SOURCING_ON_DEMAND/Cloud/en-US