What is external procurement seller in SAP (AP - Application Platform)?

SAP Term: external procurement seller

• Component: AP

• Component Name: Application Platform

• Description: A party that sells goods to a reseller or directly to an end buyer.

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• Key Concepts: 
  External procurement seller is a term used in the SAP Application Platform (AP) to refer to a third-party vendor or supplier that provides goods or services to an organization. This type of seller is typically used when an organization needs to purchase goods or services from outside of their own company. 
  
  How to use it: 
  In order to use an external procurement seller, an organization must first create a vendor master record in the SAP system. This record will contain information about the vendor, such as their contact information, payment terms, and any other relevant information. Once the vendor master record is created, the organization can then create purchase orders for goods or services from the external procurement seller. 
  
  Tips & Tricks: 
  When creating a vendor master record for an external procurement seller, it is important to ensure that all of the necessary information is included. This will help ensure that the purchase orders created for the vendor are accurate and complete. Additionally, it is important to keep track of any changes made to the vendor master record over time, as this can affect how purchase orders are processed. 
  
  Related Information: 
  For more information on using external procurement sellers in SAP AP, please refer to the SAP Help Portal. Additionally, there are many online resources available that provide detailed instructions on how to set up and manage vendors in SAP AP.