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

SAP Term: prequalify

• Component: PSM-GPR

• Component Name: Procurement for Public Sector

• Description: To meet a public sector purchaser's set of criteria before the actual RFx response.

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• Key Concepts: 
  Prequalify is a process used in the Public Sector Management (PSM-GPR) component of SAP software. It is used to assess the suitability of potential suppliers for a particular procurement project. The prequalification process involves collecting information from potential suppliers, such as their financial and technical capabilities, and then evaluating this information to determine which suppliers are best suited for the project. 
  
  How to use it: 
  The prequalification process begins with the creation of a prequalification questionnaire. This questionnaire should include questions about the supplier’s financial and technical capabilities, as well as any other relevant information that will help to determine their suitability for the project. Once the questionnaire is created, it should be sent out to potential suppliers. The responses should then be evaluated and compared to determine which suppliers are best suited for the project. 
  
  Tips & Tricks: 
  When creating a prequalification questionnaire, it is important to ensure that all questions are relevant and necessary for determining supplier suitability. Additionally, it is important to ensure that all potential suppliers are given an equal opportunity to respond to the questionnaire. 
  
  Related Information: 
  For more information on prequalification in SAP PSM-GPR, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/PSM_GPR/latest/en-US/f9f8d7a2b3e14c8a9f3d7c2b6f5e6d1a.html