What is returns purchase order in SAP LO-ARM - Advanced Returns Management?

SAP Term: returns purchase order

• Component: LO-ARM

• Component Name: Advanced Returns Management

• Description: Purchasing document used by a purchasing organization to trigger the process for returning materials to an external supplier supplier return. The returns purchase order contains information that serves as the basis for carrying out the returns process in logistics as well as for settlement in invoice verification. When the purchasing organization triggers the returns process to another plant store return, it is referred to as a returns stock transport order. The returns purchase order and the returns stock transport order can also be created as subsequent documents of a customer return if the material returned by the customer is to be sent on to an external supplier or another store.

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• Key Concepts: 
  Returns Purchase Order is a document created in SAP's LO-ARM Advanced Returns Management component. It is used to record the return of goods from a customer to a vendor. The document contains information about the goods being returned, such as the quantity, price, and reason for the return. It also includes details about the customer and vendor, such as contact information and payment terms. 
  
  How to use it: 
  To create a Returns Purchase Order in SAP, first navigate to the LO-ARM Advanced Returns Management component. Then select the “Create Returns Purchase Order” option. Enter the necessary information about the goods being returned, such as quantity, price, and reason for return. Then enter details about the customer and vendor, such as contact information and payment terms. Finally, save the document to complete the process. 
  
  Tips & Tricks: 
  When creating a Returns Purchase Order in SAP, it is important to double-check all of the information entered to ensure accuracy. This will help to avoid any potential issues or delays in processing the return. Additionally, it is important to keep track of all returns purchase orders in order to easily reference them in the future if needed. 
  
  Related Information: 
  For more information on using SAP's LO-ARM Advanced Returns Management component, please refer to SAP's official documentation or contact your local SAP support team. Additionally, there are many online resources available that provide helpful tips and tricks for using this component.