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

SAP Term: performance metrics

• Component: LOD-ESO

• Component Name: Sourcing OnDemand

• Description: The numeric measures of a supplier's compliance or non-compliance with a contract.

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• Key Concepts: 
  Performance metrics are measurements used to evaluate the performance of a system or process. In the context of SAP LOD-ESO Sourcing OnDemand, performance metrics are used to measure the effectiveness of the sourcing process. This includes metrics such as cost savings, time savings, and supplier performance. 
  
  How to use it: 
  Performance metrics can be used to track the progress of a sourcing project and identify areas for improvement. The metrics can be used to compare different suppliers and determine which one is providing the best value for money. Additionally, performance metrics can be used to measure the success of a sourcing project over time. 
  
  Tips & Tricks: 
  When setting up performance metrics for a sourcing project, it is important to ensure that they are relevant and meaningful. It is also important to ensure that the metrics are measurable and can be tracked over time. Additionally, it is important to ensure that the metrics are aligned with the goals of the sourcing project. 
  
  Related Information: 
  For more information on performance metrics in SAP LOD-ESO Sourcing OnDemand, please refer to the official documentation available on the SAP website. Additionally, there are many online resources available that provide guidance on setting up and tracking performance metrics for a sourcing project.