What is buy-side in SAP LOD-ESO - Sourcing OnDemand?

SAP Term: buy-side

• Component: LOD-ESO

• Component Name: Sourcing OnDemand

• Description: The purchaser interface of SAP Sourcing.

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• Key Concepts: 
  Buy-side is a term used in the context of SAP LOD-ESO Sourcing OnDemand. It refers to the process of purchasing goods and services from external suppliers. Buy-side activities include creating purchase orders, negotiating contracts, and managing supplier relationships. 
  
  How to use it: 
  SAP LOD-ESO Sourcing OnDemand enables users to manage buy-side activities in an efficient and cost-effective manner. The software provides tools for creating purchase orders, negotiating contracts, and managing supplier relationships. It also provides analytics and reporting capabilities to help users make informed decisions about their purchases. 
  
  Tips & Tricks: 
  When using SAP LOD-ESO Sourcing OnDemand for buy-side activities, it is important to ensure that all relevant information is accurately captured in the system. This includes supplier information, pricing details, and delivery dates. Additionally, it is important to regularly review supplier performance to ensure that they are meeting the agreed upon terms and conditions. 
  
  Related Information: 
  SAP LOD-ESO Sourcing OnDemand is part of the SAP Ariba suite of products. It is designed to help organizations streamline their procurement processes and reduce costs associated with buying goods and services from external suppliers. Additionally, SAP Ariba provides a range of other solutions for managing supply chain operations, including inventory management, order fulfillment, and supplier collaboration.