What is Sourcing Requests in SAP (SRD-SRM-SC - SRM-Sourcing and Contracting)?

SAP Term: Sourcing Requests

• Component: SRD-SRM-SC

• Component Name: SRM-Sourcing and Contracting

• Description: A work center view in which a buyer can view sourcing requests and and create RFQs for them. The buyer can either create an RFQ for one or multiple sourcing requests or assign several sourcing requests to a group first and then create an RFQ for the whole group.

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• Key Concepts: 
  Sourcing Requests are a component of SAP SRM-Sourcing and Contracting. They are used to create and manage requests for goods and services from external suppliers. The requests can be for one-time purchases or for long-term contracts. The requests can also be used to compare different suppliers and their offerings, and to select the best option. 
  
  How to use it: 
  Sourcing Requests are created in the SAP SRM system. The user can enter the details of the request, such as the type of goods or services needed, the quantity, and any other relevant information. The user can then send the request to multiple suppliers for a response. Once the responses are received, the user can compare them and select the best option. 
  
  Tips & Tricks: 
  When creating a Sourcing Request, it is important to provide as much detail as possible so that suppliers can accurately respond to the request. It is also important to provide a timeline for when responses should be received so that suppliers know when they need to respond by. 
  
  Related Information: 
  Sourcing Requests are part of SAP SRM-Sourcing and Contracting, which also includes features such as contract management, supplier evaluation, and supplier collaboration. For more information on these features, please refer to SAP's official documentation.