What is external system in SAP (LOD-ESO - Sourcing OnDemand)?

SAP Term: external system

• Component: LOD-ESO

• Component Name: Sourcing OnDemand

• Description: A system that is defined in SAP Sourcing to denote an SAP ERP system that is integrated with SAP Sourcing.

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• Key Concepts: 
  External systems are external applications that are integrated with SAP software. They provide a way for users to access data and services from outside of the SAP system. The LOD-ESO Sourcing OnDemand component is an external system that provides a platform for buyers and suppliers to collaborate on sourcing activities. 
  
  How to use it: 
  The LOD-ESO Sourcing OnDemand component can be used to manage the entire sourcing process, from creating requests for proposals (RFPs) to evaluating bids and awarding contracts. It also provides tools for managing supplier relationships, such as performance reviews and scorecards. 
  
  Tips & Tricks: 
  When using the LOD-ESO Sourcing OnDemand component, it is important to ensure that all data is up-to-date and accurate. This will help ensure that the sourcing process runs smoothly and efficiently. Additionally, it is important to keep track of all supplier information, such as contact details and performance metrics, in order to maintain good relationships with suppliers. 
  
  Related Information: 
  For more information about the LOD-ESO Sourcing OnDemand component, please visit the SAP website at https://www.sap.com/products/sourcing-ondemand.html. Additionally, there are many online resources available that provide tips and tricks for using the component effectively.