What is sourcing relevant in SAP (PUR-PRP - Procurement Planning)?

SAP Term: sourcing relevant

• Component: PUR-PRP

• Component Name: Procurement Planning

• Description: Indicator that defines whether an item is relevant for sourcing or not.

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• Key Concepts: 
  Sourcing relevant is a term used in the SAP PUR-PRP Procurement Planning component. It refers to the process of identifying and selecting suppliers who can provide the goods or services needed for a particular project. This process involves researching potential suppliers, evaluating their capabilities, and negotiating terms and conditions. 
  
  How to use it: 
  The sourcing relevant process begins with identifying the goods or services needed for a project. Once the requirements are established, potential suppliers can be identified through research and networking. The next step is to evaluate each supplier’s capabilities and negotiate terms and conditions. Once a supplier is selected, they can be added to the SAP PUR-PRP Procurement Planning component. 
  
  Tips & Tricks: 
  When sourcing relevant suppliers, it is important to consider factors such as cost, quality, delivery times, and customer service. It is also important to ensure that the supplier meets all legal and regulatory requirements. Additionally, it is important to establish clear communication with the supplier to ensure that all expectations are met. 
  
  Related Information: 
  The SAP PUR-PRP Procurement Planning component also includes features such as supplier evaluation, contract management, and purchase order management. Additionally, it can be integrated with other SAP components such as Materials Management (MM) and Financial Accounting (FI).