What is portfolio determination procedure in SAP LO-GT - Global Trade Management?

SAP Term: portfolio determination procedure

• Component: LO-GT

• Component Name: Global Trade Management

• Description:

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• Key Concepts: 
  Portfolio determination procedure is a feature of SAP's Global Trade Management (LO-GT) component. It allows users to define and manage the rules and criteria for selecting the most appropriate portfolio of trade documents for a given transaction. This helps to ensure that the right documents are used for each transaction, reducing the risk of errors and delays.
  
  How to use it: 
  The portfolio determination procedure is used to define the criteria for selecting the most appropriate portfolio of trade documents for a given transaction. This includes defining the types of documents required, as well as any additional criteria such as country-specific requirements or customer preferences. Once the criteria have been defined, the system will automatically select the most appropriate portfolio of documents for each transaction.
  
  Tips & Tricks: 
  When setting up the portfolio determination procedure, it is important to consider all possible scenarios and ensure that all relevant criteria are taken into account. It is also important to regularly review and update the criteria to ensure that they remain up-to-date with any changes in regulations or customer preferences.
  
  Related Information: 
  For more information on SAP's Global Trade Management (LO-GT) component, please refer to the official SAP documentation at https://help.sap.com/viewer/product/LO-GT/latest/en-US.