What is Purchase Order Confirmation in SAP AP-POP - SRM Purchase Order Processing?

SAP Term: Purchase Order Confirmation

• Component: AP-POP

• Component Name: SRM Purchase Order Processing

• Description: A confirmation from a seller to deliver a specified quantity of goods, or perform a specified service, at a specified price within a specified time.

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• Key Concepts: 
  Purchase Order Confirmation is a component of SAP's AP-POP SRM Purchase Order Processing. It is used to confirm the receipt of goods and services from a vendor. The confirmation is sent to the vendor and includes details such as the quantity, price, and delivery date of the goods or services. The confirmation also serves as an acknowledgement that the vendor has received payment for the goods or services. 
  
  How to use it: 
  To use Purchase Order Confirmation, first create a purchase order in SAP. Once the purchase order is created, you can send it to the vendor for confirmation. The vendor will then send back a confirmation that includes details such as the quantity, price, and delivery date of the goods or services. Once the confirmation is received, you can update the purchase order in SAP with the details from the confirmation. 
  
  Tips & Tricks: 
  When creating a purchase order in SAP, make sure to include all relevant details such as quantity, price, and delivery date. This will help ensure that the vendor sends back an accurate confirmation. Additionally, make sure to double-check all details on the confirmation before updating the purchase order in SAP. 
  
  Related Information: 
  Purchase Order Confirmation is part of SAP's AP-POP SRM Purchase Order Processing module. Other components of this module include Goods Receipts, Invoice Verification, and Payment Processing.