The Materials Management component provides the buyer with information on the delivery reliability and price behavior of the vendor in the vendor evaluation. The QM component provides information on the quality of the goods delivered to date and on the vendor’s quality management system (QM system). The QM component manages summarized quality scores for this purpose and updates them automatically for the vendor evaluation.
In some industry sectors, vendors must maintain a quality management system, verify its efficiency - for example as per ISO 9003 - and have it certified by accredited institutions in the form of certificates. The QM component, therefore, enables you to define required QM systems, to note and valuate those systems actually installed by the vendor and to make a comparison when choosing the vendor.
Detailed information on vendor evaluations is provided in MM Vendor Evaluation.