What is sourcing rank in SAP SRD-SRM-SC - SRM-Sourcing and Contracting?
Get instant SAP help. Sign up for our Free Essentials Plan.SAP Term: sourcing rank
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Component: SRD-SRM-SC
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Component Name: SRM-Sourcing and Contracting
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Description: A list showing sources of supply with contracts or list prices that match the desired product or product category. The ranked list is always displayed with the most suitable source of supply at the top, running to the least suitable at the bottom.
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Key Concepts: Sourcing rank is a feature of SAP SRM-Sourcing and Contracting that allows users to prioritize suppliers based on their performance. It is used to determine which supplier should be chosen for a particular purchase order. The rank is based on criteria such as price, delivery time, quality, and other factors. How to use it: To use the sourcing rank feature, users must first define the criteria they want to use to evaluate suppliers. This can be done in the Sourcing Rank Definition (SRD) screen. Once the criteria have been defined, users can then assign a weight to each criterion. This weight will determine how important each criterion is when evaluating suppliers. Finally, users can enter the supplier data into the Sourcing Rank Data (SRD) screen and the system will generate a score for each supplier based on their performance against the criteria. Tips & Tricks: When setting up the criteria for sourcing rank, it is important to consider all aspects of supplier performance. This includes not only price and delivery time, but also quality and customer service. Additionally, it is important to ensure that the weights assigned to each criterion are appropriate for the situation. Related Information: For more information about sourcing rank in SAP SRM-Sourcing and Contracting, please refer to the official SAP documentation at https://help.sap.com/viewer/product/SRM_SOURCING_AND_CONTRACTING/7.5/en-US
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