What is Sourcing application in SAP (SRM-EBP-POR - Local Purchase Order)?

SAP Term: Sourcing application

• Component: SRM-EBP-POR

• Component Name: Local Purchase Order

• Description: An Enterprise Buyer application that provides users with comprehensive information and actions, thus enabling them to find the best supply source for their requirements. This include access to vendor information vendor list, BW evaluations, contract data, and the suggestion of existing sources of supply. The requirements can be recategorized according to business needs and, from there, purchase orders, contracts, or RFx can be created.

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• Key Concepts: 
  Sourcing application is a component of SAP SRM-EBP-POR (Procurement On-Demand) that enables companies to manage their local purchase orders. It provides a comprehensive set of tools to help companies streamline their procurement processes, from creating and managing purchase orders to tracking and analyzing supplier performance. 
  
  How to use it: 
  The Sourcing application can be used to create and manage purchase orders, track supplier performance, and analyze procurement data. It also provides features such as automated workflow approval, automated notifications, and integrated reporting. 
  
  Tips & Tricks: 
  When using the Sourcing application, it is important to ensure that all purchase orders are accurate and up-to-date. Additionally, it is important to regularly review supplier performance data in order to identify areas for improvement. 
  
  Related Information: 
  The Sourcing application is part of the SAP SRM-EBP-POR suite of applications. Other components of this suite include the Supplier Relationship Management (SRM) application, the Enterprise Buyer Professional (EBP) application, and the Procurement On-Demand (POR) application.