What is concessionaire in SAP IS-R - SAP for Retail?

SAP Term: concessionaire

• Component: IS-R

• Component Name: SAP for Retail

• Description: Retail Associate of a company that usually carries out its business on its own account and in its own name in an area which it leases from the company e.g. hairdressing salon on the premises of a department store. The concessionaire participates in the retailing system of the company.

Smart SAP Assistant

• Key Concepts: 
  A concessionaire is a type of vendor in the SAP for Retail system. It is a vendor that provides goods or services to a retailer on a commission basis. The concessionaire is responsible for the delivery, installation, and maintenance of the goods or services. The retailer pays the concessionaire a commission based on the sales of the goods or services. 
  
  How to use it: 
  In SAP for Retail, concessionaires are managed in the Vendor Master Data (VMD) application. The VMD application allows retailers to create and maintain vendor records for concessionaires. The VMD application also allows retailers to track and manage payments to concessionaires. 
  
  Tips & Tricks: 
  When creating a vendor record for a concessionaire, it is important to include all relevant information such as contact information, payment terms, and commission rates. This will ensure that payments are made accurately and on time. 
  
  Related Information: 
  The SAP for Retail system also includes other vendor types such as suppliers and service providers. Each type of vendor has its own set of features and functions that must be managed in order to ensure accurate payments and efficient operations.