What is supplier promotion in SAP SLC-SUP - Supplier Data Management?

SAP Term: supplier promotion

• Component: SLC-SUP

• Component Name: Supplier Data Management

• Description: A process step to promote a potential supplier or bidder to a qualified supplier, generally after successful completion of a supplier qualification process.

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• Key Concepts: 
  Supplier promotion is a feature of the SLC-SUP Supplier Data Management component of SAP. It allows companies to create and manage promotional campaigns for their suppliers. This includes setting up discounts, creating promotional materials, and tracking the success of the campaigns. 
  
  How to use it: 
  To use supplier promotion, companies must first create a promotional campaign. This includes setting up discounts, creating promotional materials, and setting up tracking mechanisms. Once the campaign is created, companies can then monitor the success of the campaign by tracking sales and customer feedback. 
  
  Tips & Tricks: 
  When creating a promotional campaign, it is important to consider the target audience and how best to reach them. Companies should also consider how to measure the success of the campaign, such as tracking sales or customer feedback. 
  
  Related Information: 
  The SLC-SUP Supplier Data Management component also includes features such as supplier onboarding, supplier performance management, and supplier risk management. These features can be used in conjunction with supplier promotion to ensure that suppliers are managed effectively.