What is 'quantitative evaluation' in SAP PSM-GPR - Procurement for Public Sector?

quantitative evaluation - Overview

• Component: PSM-GPR

• Component Name: Procurement for Public Sector

• Description: A process that involves the objective evaluation of measurable supplier data, such as price, delivery dates, and business size, and comparing this data with defined procurement criteria.

quantitative evaluation - Details

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  Key Concepts: 
  Quantitative evaluation is a process used in the Procurement for Public Sector component of SAP. It is used to evaluate the bids of suppliers based on the criteria set by the buyer. The criteria can include price, quality, delivery time, and other factors. The evaluation is done by assigning a numerical score to each criterion and then calculating an overall score for each supplier. The supplier with the highest overall score is then chosen as the winner of the bid. 
  
  How to use it: 
  In order to use quantitative evaluation in SAP, the buyer must first define the criteria that will be used to evaluate the bids. This can be done by setting up a scoring system for each criterion. Once this is done, the buyer can enter the bids from each supplier into SAP and assign a numerical score to each criterion. Finally, an overall score for each supplier can be calculated and the supplier with the highest overall score can be chosen as the winner of the bid. 
  
  Tips & Tricks: 
  When setting up a scoring system for quantitative evaluation, it is important to make sure that all criteria are weighted equally. This will ensure that all suppliers are evaluated fairly and that no one supplier has an advantage over another. Additionally, it is important to make sure that all criteria