What is vendor analysis in SAP MFG-DM-MI-PQM - Predictive Quality Management?

SAP Term: vendor analysis

• Component: MFG-DM-MI-PQM

• Component Name: Predictive Quality Management

• Description: A sub function of descriptive analytics. Vendor analysis helps to analyze the influence of various BOM versions and raw material supplied by vendors. It also helps to analyze the mean drift for a specific material characteristic supplied by the vendor.

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• Key Concepts: 
  Vendor analysis is a component of Predictive Quality Management (PQM) in SAP Manufacturing Data Management (MFG-DM-MI). It is used to analyze the performance of vendors and suppliers in order to identify potential risks and opportunities. The analysis includes evaluating the quality of products, delivery times, and other factors that can affect the overall performance of the vendor. 
  
  How to use it: 
  Vendor analysis can be used to identify potential risks and opportunities associated with vendors. It can also be used to compare vendors and suppliers in order to select the best one for a particular project. The analysis can be done manually or automatically using SAP software. 
  
  Tips & Tricks: 
  When performing vendor analysis, it is important to consider all relevant factors such as quality, delivery times, cost, and customer service. It is also important to consider the long-term relationship with the vendor, as this will affect the overall performance of the project. 
  
  Related Information: 
  Vendor analysis is closely related to supplier evaluation, which is used to evaluate suppliers based on their performance. It is also related to supplier relationship management (SRM), which is used to manage relationships with suppliers in order to ensure that they are meeting expectations.