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

SAP Term: supplier fact sheet

• Component: SRD-SRM

• Component Name: SRM-Supplier Relationship Management

• Description: A collection of key information about a supplier. This includes the supplier’s address, contact information, responses to requests for information, overdue purchase orders, and evaluation score.

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• Key Concepts: 
  A supplier fact sheet is a document that provides an overview of a supplier’s performance and capabilities. It is used in SAP Supplier Relationship Management (SRM) to help buyers make informed decisions about which suppliers to work with. The fact sheet includes information such as the supplier’s financial stability, quality of products and services, delivery times, and customer service. 
  
  How to use it: 
  In SAP SRM, buyers can create a supplier fact sheet for each supplier they are considering working with. The fact sheet can be used to compare different suppliers and make an informed decision about which one to choose. The buyer can also use the fact sheet to track the performance of the chosen supplier over time. 
  
  Tips & Tricks: 
  When creating a supplier fact sheet, it is important to include accurate and up-to-date information. This will ensure that buyers have the most accurate picture of the supplier’s performance and capabilities. It is also important to review the fact sheet regularly to ensure that it is still accurate and up-to-date. 
  
  Related Information: 
  The supplier fact sheet is just one of many tools available in SAP SRM for managing supplier relationships. Other tools include contract management, performance management, and risk management. These tools can be used together to ensure that buyers are making informed decisions about which suppliers to work with and how to manage their relationships with them.