What is local vendor in SAP IS-R - SAP for Retail?

SAP Term: local vendor

• Component: IS-R

• Component Name: SAP for Retail

• Description: Retail A vendor who supplies one or only a few stores but not the entire retail company. These stores are therefore also involved in developing a business relationship with this vendor. Local vendors are important for stores that are able to add local materials from producers in the local area to the centrally planned assortment. The same is also true of franchisees and self-employed retailers in a cooperative association who want to add to the assortment of the franchisor or cooperative. A store can trigger the entry of a master data record for a local vendor and then later it can also change master data for local vendors for which it is partly responsible. It can also maintain store-related purchasing data, including the purchase price, for materials supplied by local vendors.

Smart SAP Assistant

• Key Concepts: 
  A local vendor in SAP for Retail is a vendor who provides goods and services to a specific store or group of stores. This type of vendor is typically used for short-term or one-time purchases, such as promotional items or seasonal merchandise. Local vendors are managed through the Vendor Master Data (VMD) application in SAP for Retail. 
  
  How to use it: 
  To create a local vendor in SAP for Retail, you must first create a Vendor Master Data record. This record contains information about the vendor, such as their name, address, contact information, and payment terms. Once the record is created, you can assign it to a specific store or group of stores. You can then use the VMD application to manage the vendor’s orders and invoices. 
  
  Tips & Tricks: 
  When creating a local vendor in SAP for Retail, it is important to ensure that all of the necessary information is included in the Vendor Master Data record. This includes contact information, payment terms, and any other relevant information that may be needed for future transactions. Additionally, it is important to keep track of all orders and invoices associated with the local vendor to ensure accurate accounting records. 
  
  Related Information: 
  For more information on local vendors in SAP for Retail, please refer to the SAP Help Portal or contact your local SAP representative. Additionally, there are many online resources available that provide detailed instructions on how to create and manage local vendors in SAP for Retail.