What is potential supplier in SAP SRD-SRM - SRM-Supplier Relationship Management?

SAP Term: potential supplier

• Component: SRD-SRM

• Component Name: SRM-Supplier Relationship Management

• Description: A role assigned to a person or company of interest to your company from whom you might purchase products at a future date.

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• Key Concepts: 
  A potential supplier is a company that has been identified as a potential partner for a business. This can be done through a variety of methods, such as market research, industry analysis, or direct contact. Potential suppliers are evaluated based on their ability to meet the business’s needs and requirements. 
  
  How to use it: 
  In SAP SRM (Supplier Relationship Management), potential suppliers can be identified and evaluated using the Supplier Evaluation module. This module allows businesses to assess potential suppliers based on criteria such as quality, cost, delivery time, and other factors. The module also allows businesses to compare potential suppliers and select the best one for their needs. 
  
  Tips & Tricks: 
  When evaluating potential suppliers, it is important to consider not only the cost of the product or service but also the quality of the supplier’s customer service and support. Additionally, businesses should consider the supplier’s ability to meet their delivery deadlines and any other requirements they may have. 
  
  Related Information: 
  For more information on SAP SRM and how to use it to evaluate potential suppliers, please refer to the SAP Help Portal or contact your local SAP representative.