What is third party trading system in SAP LO-AGR-3PT - 3rd Party Integration?

SAP Term: third party trading system

• Component: LO-AGR-3PT

• Component Name: 3rd Party Integration

• Description: A non-SAP trading system connected to SAP Agricultural Contract Management.

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• Key Concepts: 
  Third party trading system is a component of SAP Logistics that enables companies to integrate their supply chain with external trading partners. This component allows companies to manage the exchange of goods and services with external trading partners, such as suppliers, customers, and other third-party vendors. It also provides the ability to track and monitor the status of orders, shipments, and payments.
  
  How to use it: 
  The third party trading system component of SAP Logistics can be used to manage the exchange of goods and services with external trading partners. This includes creating orders, tracking shipments, and monitoring payments. It also provides the ability to set up contracts with external trading partners and manage the associated documents. Additionally, it can be used to generate reports on the status of orders, shipments, and payments.
  
  Tips & Tricks: 
  When using the third party trading system component of SAP Logistics, it is important to ensure that all data is accurate and up-to-date. This includes ensuring that all contracts are up-to-date and that all documents associated with the contracts are accurate. Additionally, it is important to regularly review reports generated by the system in order to ensure that all orders, shipments, and payments are being tracked correctly.
  
  Related Information: 
  The third party trading system component of SAP Logistics is closely related to other components such as SAP Materials Management (MM) and SAP Sales & Distribution (SD). These components provide additional functionality for managing the exchange of goods and services with external trading partners. Additionally, SAP Business Warehouse (BW) can be used to generate reports on the status of orders, shipments, and payments.