What is supplier evaluation in SAP SLC-EVL - Supplier Evaluation?

SAP Term: supplier evaluation

• Component: SLC-EVL

• Component Name: Supplier Evaluation

• Description: A process of collecting and analyzing appraiser feedback on suppliers. Purchasing companies can then decide if they want to continue and develop the business relations with these suppliers.

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• Key Concepts: 
  Supplier evaluation is a process used to assess the performance of suppliers and vendors. It is an important part of the procurement process, as it helps to ensure that the best suppliers are chosen for a company’s needs. The SLC-EVL Supplier Evaluation component of SAP is a tool that helps companies to evaluate their suppliers and vendors. It provides a comprehensive set of features that allow companies to assess supplier performance, including supplier ratings, supplier performance metrics, and supplier risk management. 
  
  How to use it: 
  The SLC-EVL Supplier Evaluation component of SAP can be used to evaluate suppliers and vendors in a number of ways. Companies can use the tool to rate suppliers on a variety of criteria, such as quality, delivery, cost, and customer service. The tool also allows companies to track supplier performance metrics such as on-time delivery, order accuracy, and cost savings. Additionally, the tool provides risk management features that allow companies to identify potential risks associated with suppliers and take steps to mitigate them. 
  
  Tips & Tricks: 
  When using the SLC-EVL Supplier Evaluation component of SAP, it is important to ensure that all criteria used for evaluating suppliers are relevant and up-to-date. Additionally, it is important to ensure that all data used for evaluating suppliers is accurate and up-to-date. Finally, it is important to regularly review supplier performance metrics in order to identify areas for improvement. 
  
  Related Information: 
  The SLC-EVL Supplier Evaluation component of SAP is part of the larger SAP Procurement suite of tools. Other components in this suite include SLC-PUR Purchase Order Management, SLC-SRC Source List Management, and SLC-CAT Catalog Management. Additionally, there are a number of third-party tools available that can be used in conjunction with the SLC-EVL Supplier Evaluation component of SAP in order to further enhance its capabilities.