What is source of supply in SAP (SRD-SRM-SC - SRM-Sourcing and Contracting)?

SAP Term: source of supply

• Component: SRD-SRM-SC

• Component Name: SRM-Sourcing and Contracting

• Description: An option for the procurement of a product. Suppliers used in previous procurement processes or agreed purchasing contracts can be assigned as sources of supply for products.

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• Key Concepts: 
  Source of supply is a term used in SAP SRM-Sourcing and Contracting to refer to the supplier or vendor from which goods or services are purchased. It is used to identify the source of the goods or services and to track the purchase order and invoices associated with the purchase. 
  
  How to use it: 
  In SAP SRM-Sourcing and Contracting, source of supply is used to identify the supplier or vendor from which goods or services are purchased. This information is used to track the purchase order and invoices associated with the purchase. The source of supply can be entered manually or imported from an external system. 
  
  Tips & Tricks: 
  When entering a source of supply in SAP SRM-Sourcing and Contracting, make sure that all relevant information is included such as the supplier name, address, contact information, and payment terms. This will ensure that all purchase orders and invoices associated with the purchase are tracked accurately. 
  
  Related Information: 
  For more information on source of supply in SAP SRM-Sourcing and Contracting, please refer to the SAP Help documentation. Additionally, there are many online resources available that provide detailed tutorials on how to use this feature in SAP SRM-Sourcing and Contracting.