What is notice lock period in SAP FS-AM-OM - Order Management?

SAP Term: notice lock period

• Component: FS-AM-OM

• Component Name: Order Management

• Description: The period that can be contractually agreed in addition to the notice period and during which it is not permitted to give notice on amounts or accounts.

Smart SAP Assistant

• Key Concepts: 
  The Notice Lock Period is a feature in SAP FS-AM-OM Order Management that allows users to lock a notice for a certain period of time. This prevents other users from making changes to the notice during the lock period. The lock period can be set by the user and can range from one day to several weeks. 
  
  How to use it: 
  To use the Notice Lock Period, users must first select the notice they wish to lock. Then, they must select the “Lock” option from the menu. This will open a dialog box where users can enter the desired lock period. Once the lock period is set, the notice will be locked for that amount of time and no other user will be able to make changes to it. 
  
  Tips & Tricks: 
  When setting a Notice Lock Period, it is important to remember that the lock period cannot be changed once it has been set. Therefore, it is important to choose a lock period that is long enough to ensure that all necessary changes have been made before the lock expires. 
  
  Related Information: 
  The Notice Lock Period is just one of many features available in SAP FS-AM-OM Order Management. Other features include order tracking, order history, and order status updates. All of these features are designed to help users manage their orders more efficiently and effectively.