What is vendor in SAP AP - Application Platform?

SAP Term: vendor

• Component: AP

• Component Name: Application Platform

• Description: A party that delivers goods or provides services, or is responsible for delivering goods or providing services.

Smart SAP Assistant

• Key Concepts: 
  A vendor in SAP is a company or individual that provides goods or services to another company. In the Accounts Payable (AP) Application Platform, vendors are used to manage the purchase of goods and services from external suppliers. Vendors are also used to track payments and invoices associated with those purchases. 
  
  How to use it: 
  In SAP, vendors can be created and managed in the Vendor Master Data application. This application allows users to enter information about the vendor, such as contact information, payment terms, and tax information. Once a vendor is created, it can be used in other applications such as Purchase Orders and Invoices. 
  
  Tips & Tricks: 
  When creating a vendor in SAP, it is important to ensure that all of the necessary information is entered accurately. This will help ensure that payments are made correctly and on time. Additionally, it is important to keep the vendor information up-to-date in order to ensure that all of the necessary documents are received from the vendor. 
  
  Related Information: 
  For more information about vendors in SAP, please refer to the SAP Help Portal or contact your local SAP support team. Additionally, there are many online resources available that provide detailed instructions on how to create and manage vendors in SAP.