What is RFx optimization rule in SAP LOD-ESO - Sourcing OnDemand?

SAP Term: RFx optimization rule

• Component: LOD-ESO

• Component Name: Sourcing OnDemand

• Description: A rule that determines how the optimizer allocates an RFx award.

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  Key Concepts: 
  RFx optimization rule is a feature of SAP LOD-ESO Sourcing OnDemand that allows users to create rules to optimize their request for quotations (RFx) process. The rules are used to define the criteria for selecting the best supplier and the best price for a given item. The rules can be based on factors such as supplier ratings, delivery times, and cost. 
  
  How to use it: 
  To use RFx optimization rule, users must first create a rule set. This is done by selecting the criteria that will be used to evaluate suppliers and their prices. Once the rule set is created, it can be applied to any RFx process. The system will then evaluate each supplier based on the criteria and select the one that meets the criteria best. 
  
  Tips & Tricks: 
  When creating a rule set, it is important to consider all of the factors that may affect the selection of a supplier. This includes not only cost but also delivery times, quality of service, and other factors. Additionally, it is important to review the rule set periodically to ensure that it is still relevant and up-to-date. 
  
  Related Information: 
  For more information about RFx optimization rule, please refer to SAP's documentation on LOD-ESO Sourcing OnDemand. Additionally, there are many online resources available that provide tips and tricks for using this feature effectively.