What is supplier evaluation in SRM in SAP SRM-EBP - Enterprise Buyer?

SAP Term: supplier evaluation in SRM

• Component: SRM-EBP

• Component Name: Enterprise Buyer

• Description: Web-survey-supported SRM query in which a customer can evaluate transaction-related for example, in the confirmation or invoice configurable criteria and can store information on the level of satisfaction with the performance of a vendor.

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• Key Concepts: 
  Supplier evaluation in SAP SRM-EBP Enterprise Buyer Professional is a process of assessing the performance of suppliers based on criteria such as quality, delivery, cost, and service. The evaluation is used to determine the supplier’s suitability for future business transactions. 
  
  How to use it: 
  The supplier evaluation process in SAP SRM-EBP Enterprise Buyer Professional begins with the creation of a supplier evaluation form. This form contains criteria that will be used to assess the supplier’s performance. Once the form is created, it can be sent to the supplier for completion. After the supplier has completed the form, it is then reviewed by the buyer and a score is assigned based on the criteria. 
  
  Tips & Tricks: 
  When creating a supplier evaluation form, it is important to include criteria that are relevant to the specific business transaction. Additionally, it is important to ensure that all criteria are weighted equally so that each supplier is evaluated fairly. 
  
  Related Information: 
  SAP SRM-EBP Enterprise Buyer Professional also includes features such as supplier performance management and supplier relationship management. These features can be used to track and manage supplier performance over time and ensure that suppliers are meeting expectations.