What is methodology step in SAP SRM-CM - SRM Category Management?

SAP Term: methodology step

• Component: SRM-CM

• Component Name: SRM Category Management

• Description: A methodology element representing a phase during which a set of tasks is performed.

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• Key Concepts: 
  A methodology step is a part of the SRM-CM (SAP Supplier Relationship Management - Category Management) process. It is a step in the process of creating and managing categories of products and services that are used to manage supplier relationships. The methodology step is used to define the criteria for selecting suppliers, the process for evaluating suppliers, and the criteria for selecting products and services. 
  
  How to use it: 
  The methodology step is used to define the criteria for selecting suppliers, the process for evaluating suppliers, and the criteria for selecting products and services. This includes defining the criteria for supplier selection, such as financial stability, quality of products and services, delivery times, and customer service. It also includes defining the process for evaluating suppliers, such as conducting interviews, requesting references, and conducting background checks. Finally, it includes defining the criteria for selecting products and services, such as price, quality, availability, and delivery times. 
  
  Tips & Tricks: 
  When defining the criteria for selecting suppliers, it is important to consider both short-term and long-term goals. Short-term goals should focus on immediate needs while long-term goals should focus on future needs. Additionally, when evaluating suppliers it is important to consider both qualitative and quantitative factors. Qualitative factors include customer service and delivery times while quantitative factors include price and quality. 
  
  Related Information: 
  The SRM-CM (SAP Supplier Relationship Management - Category Management) process is an important part of managing supplier relationships. It helps organizations identify potential suppliers that meet their needs and evaluate them based on criteria such as price, quality, availability, delivery times, customer service, and financial stability. Additionally, it helps organizations select products and services that meet their needs based on criteria such as price, quality, availability, and delivery times.