What is released value in SAP AP-PCP - SRM Purchasing Contract Processing?

SAP Term: released value

• Component: AP-PCP

• Component Name: SRM Purchasing Contract Processing

• Description: The value of an item purchased against a contract through a purchase order, goods and service acknowledgement or a scheduling agreement. After each purchase, the released value is maintained in the release history of that item.

Smart SAP Assistant

• Key Concepts: 
  Released value is a term used in SAP SRM Purchasing Contract Processing. It is the total value of all goods and services that have been released for delivery to the vendor. This value is calculated by multiplying the quantity of goods or services released by the unit price of each item. 
  
  How to use it: 
  The released value is used to track the total amount of goods and services that have been released for delivery to the vendor. This value can be found in the Purchasing Contract Processing (AP-PCP) component of SAP SRM. It can be accessed by navigating to the “Released Value” tab in the Purchasing Contract Processing menu. 
  
  Tips & Tricks: 
  It is important to keep track of the released value in order to ensure that all goods and services have been delivered as expected. Additionally, it is important to ensure that the released value matches the total contract value in order to avoid any discrepancies. 
  
  Related Information: 
  For more information on SAP SRM Purchasing Contract Processing, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_SRM/7.0/en-US