Vendor Card

The following sections describe the COSMO Vendor Rating-specific setup fields and functions on the Vendor Card.

Vendor Rating FastTab

Hover over a field to read a short description.

Nota

The Classification field is filled in automatically after running the Vendor Rating batch job but can also be updated manually.

A Vendor Rating FactBox is available on some purchase document cards/list views to display the Vendor Rating fields (like Hard and Soft Rating Factors, and current Vendor Rating Code) from the Vendor Card. This FactBox is hidden by default but can be shown using the Personalize function.

On the Related menu, the Vendor Rating group includes COSMO Vendor Rating-specific actions.

Soft Criterion

The soft criteria are manually entered and included in the overall vendor rating.

  1. In the Vendor Rating Soft page, enter the rating types and category codes from the default settings or add new ones.
  2. In the Version, Valid from, and Valid to fields, you can define different versions with different validity dates to be included in the overall vendor rating.
  3. In the Rating field for each rating type, enter a score that the vendor achieved.
  4. In the Weighting Factor field, define the importance of the rating (see Weighting Factor).
  5. In the Notice field, enter any information about the rating that you want to include in the Vendor Rating report.

Weighting Factor

The weighting factor for soft criteria serves as a statistical instrument designed to adjust the importance of specific criterion in comparison to others. Put simply, it offers a method to either highlight or downplay certain criterion within a collective set.

Weighting factors become invaluable when working with soft criteria because you can choose the criteria that will exert more influence on the final outcome. These factors empower you to assign varied levels of importance to distinct elements, ensuring the data aligns seamlessly with your distinct goals. For example, if the rating of a supplier audit holds twice the importance as the rating of a purchase manager, it would have a weighting factor that reflects this 2:1 significance.

Examples of the weighting factor for a criterion with a rating of 90:

Weighting Factor Result
2 The importance of the criterion is twice as high as others and will contribute 180 points to the cumulative rating of the soft criteria.
1 The importance of the criterion is unweighted and will contribute 90 points to the cumulative rating of the soft criteria.
.5 The importance of the criterion is only half of the base criterion and will contribute 45 points to the cumulative rating of the soft criteria.
0 The soft criterion does not affect the cumulative rating at all. In this context, the criterion is essentially disregarded or treated as if it does not exist in the weighted evaluation.

Vendor Rating Entry and Rating History

For more information about Vendor Rating Entries and Rating History, see Vendor Rating Entry and Rating History.

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