What is business partner in SAP CRM-MD-BP - Business Partners?

SAP Term: business partner

• Component: CRM-MD-BP

• Component Name: Business Partners

• Description: A generic term used to refer to a party in which a company has a business interest. It includes accounts, contacts, and employees.

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• Key Concepts: 
  A business partner is a term used in SAP to refer to any external entity with which a company has a business relationship. This includes customers, vendors, and other organizations. In the CRM-MD-BP component, business partners are stored in the Business Partner Master Data (BP MD) table. 
  
  How to use it: 
  The BP MD table stores information about each business partner, such as contact information, payment terms, and other relevant data. This data can be used to create customer and vendor records in other SAP components, such as Sales and Distribution (SD) or Materials Management (MM). 
  
  Tips & Tricks: 
  When creating a new business partner record in the BP MD table, it is important to ensure that all relevant information is entered accurately. This will help ensure that the data is consistent across all SAP components. 
  
  Related Information: 
  The BP MD table is linked to other tables in SAP, such as the Customer Master Data (CMD) table in SD and the Vendor Master Data (VMD) table in MM. This allows for easy access to customer and vendor information from within the BP MD table.