What is prequalification in SAP PSM-GPR - Procurement for Public Sector?

SAP Term: prequalification

• Component: PSM-GPR

• Component Name: Procurement for Public Sector

• Description: A process used in procurement by purchasing organizations to identify suitable suppliers. Only suppliers that successfully prequalify are eligible to receive an RFx and submit a response.

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• Key Concepts: 
  Prequalification is a process used in the Public Sector Module of SAP (PSM-GPR) to evaluate potential suppliers and contractors. It involves assessing the supplier’s qualifications, experience, and financial stability to determine if they are suitable for a particular project. Prequalification is used to ensure that only qualified suppliers are selected for a project, and that the project is completed on time and within budget. 
  
  How to use it: 
  In order to use prequalification in PSM-GPR, the user must first create a prequalification questionnaire. This questionnaire should include questions about the supplier’s qualifications, experience, and financial stability. Once the questionnaire is created, it can be sent out to potential suppliers. The suppliers will then fill out the questionnaire and submit it back to the user. The user can then review the responses and decide which suppliers are qualified for the project. 
  
  Tips & Tricks: 
  When creating a prequalification questionnaire, it is important to make sure that all of the questions are relevant to the project at hand. Additionally, it is important to make sure that all of the questions are clear and easy to understand. This will ensure that all of the potential suppliers have an equal chance of being selected for the project. 
  
  Related Information: 
  For more information on prequalification in PSM-GPR, please refer to SAP’s official documentation on prequalification. Additionally, there are many online resources available that provide tips and tricks for creating effective prequalification questionnaires.