| Term | Definition |
|---|
Buyer | An administrative user whose objective is to buy the requested product or services at the most appropriate cost. |
Compliance Type | A parameter to check whether a supplier is eligible to participate in a sourcing event. Compliance Type has surveys associated with it. These surveys are used to evaluate the Supplier’s compliance. |
Evaluation Weightage | Evaluation weightage is set by the buyer, based on which scores are calculated. Evaluation Weightage is utilized in calculating the weighted score of the entire sourcing event. |
Onboarding Type | The criteria for onboarding a supplier. Surveys are associated with Onboarding Type and they mark the entry point for new suppliers in the Supplier Onboarding process. |
Price Modifiers | The conditions that you can include in RFQ to see the difference in the total pricing of the supplier under different conditions. The conditions could be constraints or flexibilities offered to the supplier. Price Modifiers work at the RFQ Response level and affect the total pricing. |
Questionnaire | A series of questions for gathering information from the respondents. The questionnaire is an SRM object and you can access the Questionnaire from the SRM Setup Console. |
RFI | An RFI (request for information) is a buyer’s request for information from suppliers. |
RFQ | An RFQ (request for quotation) is a buyer’s request for quotation from shortlisted suppliers. |
Score Metrics | Score Metrics are the categories and parameters by which you evaluate your suppliers. They are a part of the Scorecard. |
Scorecard | A measure for rating a supplier, company, customer, process, or vision. Scorecards consist of the supplier information and score metrics. The scorecard is a module of Supplier Relationship Management that enables organizations to effectively manage supplier relationships, including vendor on-boarding, agreements, spending, purchase orders, vendor scoring, business reviews, issue tracking, and comprehensive relationship dashboards. |
Sourcing Event | A process organized by the buyer to select the best supplier for the required products or services. A sourcing event could include one or all of the following stages: - Sourcing
- Preparation
- Invitation
- RFI
- RFQ
- Evaluation
- Award
|
Sourcing Event Access | A field used for controlling or restricting access to a sourcing event. For example, allowing only a select group of users to access a sourcing event. |
Sourcing Event Type | A predefined sequence of steps for a sourcing event. Sourcing Event Type enables you to select the Phases that you want to include in your sourcing event. |
Supplier | A Supplier is a user whose objective is to provide the most competitive quotes and win the sourcing event. |
Supplier Group | A group of suppliers that a buyer can create. Supplier groups can be used to categorize your suppliers and to associate various surveys and compliance types to a group of suppliers. |
Survey Sets | Surveys that are sent to the suppliers any time after they have been brought onboard. Survey Sets enable the buyers to send compliance surveys to multiple suppliers simultaneously. |