What is evaluation criterion in SAP MM-PUR - Purchasing?

SAP Term: evaluation criterion

• Component: MM-PUR

• Component Name: Purchasing

• Description: Characteristic that is to be rated within the context of vendor evaluation.

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• Key Concepts: 
  Evaluation Criterion is a feature in the SAP MM-PUR Purchasing module that allows users to compare different vendors and materials based on certain criteria. This helps users to make informed decisions when selecting vendors and materials for their purchasing needs. The criteria used for evaluation can be customized according to the user’s needs. 
  
  How to use it: 
  To use the Evaluation Criterion feature, users must first define the criteria they want to use for evaluation. This can be done by going to the “Define Evaluation Criteria” menu in the SAP MM-PUR Purchasing module. Once the criteria have been defined, users can then select vendors and materials based on these criteria. 
  
  Tips & Tricks: 
  When defining evaluation criteria, it is important to consider both qualitative and quantitative factors. Qualitative factors such as customer service and delivery times should be taken into account, as well as quantitative factors such as price and availability. Additionally, it is important to consider the specific needs of the user when defining evaluation criteria. 
  
  Related Information: 
  For more information on using the Evaluation Criterion feature in SAP MM-PUR Purchasing, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_MM_PUR_Purchasing/7.5/en-US