| # Overview of vendor rating If multiple purchase business partners are available from whom you can purchase raw materials and supplies, you can choose whom to give the business to. To make wise choices, having criteria to rate business partners and keep track of how they perform can aid in this process. The vendor rating procedure enables you to measure the performance of vendors based on a rating. Objective criteria and subjective criteria can be used to calculate vendor ratings. The objective criteria are ratings generated by ERP Enterprise since they only depend on present data and a weighting factor. The subjective criteria ratings are based on manually specified data. The overall vendor rating is calculated by ERP Enterprise. Carrying out the vendor rating procedure results in ratings based on which you can decide if you want to purchase from a vendor. Note Before you can calculate and view vendor ratings, purchase orders must be available and processed. Setting up vendor ratings Before you can use the vendor rating procedure, you must specify the following: Vendor rating parameters Objective scoring schemes Subjective criteria Subjective values A classification scheme For more information, refer to Setting up vendor ratings. Calculating vendor ratings After orders are processed and questionnaires are compiled, you can run the Update Vendor Rating (tdpur8850m000) session to calculate the vendor ratings. In the Update Vendor Rating (tdpur8850m000) session, you can do a full update or a net update of the vendor rating. For more information, refer to Calculating vendor ratings. Deleting vendor ratings To remove vendor rating data, use the Delete Historical Ratings (tdpur8851m000). ERP Enterprise deletes all vendor rating data for the specified year or the period combination. The result is that all vendor rating data goes back to the same year or the same period combination. Related topics Setting up vendor ratings Calculating vendor ratings |