What is Supplier Preselection in SAP SRM - Supplier Relationship Management?

SAP Term: Supplier Preselection

• Component: SRM

• Component Name: Supplier Relationship Management

• Description: Application in which you decide which suppliers in Supplier Registration are to be available as potential suppliers in Enterprise Buyer via OPI link.

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• Key Concepts: 
  Supplier Preselection is a feature of SAP Supplier Relationship Management (SRM) that allows companies to identify and select the best suppliers for their needs. It helps companies to quickly and easily identify potential suppliers, compare them, and select the most suitable one. The process of supplier preselection is based on criteria such as price, quality, delivery time, and other factors. 
  
  How to use it: 
  To use Supplier Preselection in SAP SRM, companies must first define their criteria for selecting suppliers. This includes factors such as price, quality, delivery time, and other factors. Once the criteria have been defined, companies can then search for potential suppliers that meet their criteria. Companies can then compare the different suppliers and select the one that best meets their needs. 
  
  Tips & Tricks: 
  When using Supplier Preselection in SAP SRM, it is important to ensure that all criteria are taken into account when selecting a supplier. Companies should also consider any additional costs associated with the supplier selection process, such as travel expenses or other fees. Additionally, companies should ensure that they are selecting a supplier that is reliable and trustworthy. 
  
  Related Information: 
  SAP SRM also offers other features such as Supplier Evaluation and Supplier Performance Management which can help companies manage their relationships with suppliers more effectively. Additionally, SAP SRM provides tools for managing contracts with suppliers and tracking supplier performance over time.