What is 'vendor' in SAP MFG-ME - SAP Manufacturing Execution?

vendor - Overview

• Component: MFG-ME

• Component Name: SAP Manufacturing Execution

• Description: A supplier of one or more materials used as components when building assemblies.

vendor - Details

• 
  Key Concepts: 
  A vendor in the MFG-ME SAP Manufacturing Execution component is a company or individual that provides goods or services to another company. Vendors are typically external to the company and can provide a variety of services, such as raw materials, components, and finished products. 
  How to Use It: 
  In the MFG-ME SAP Manufacturing Execution component, vendors can be used to manage the procurement of goods and services. Vendors can be added to the system and tracked for their performance. This allows companies to ensure that they are getting the best quality goods and services at the best price. 
  
  Tips & Tricks: 
  When selecting vendors, it is important to consider factors such as cost, quality, delivery times, and customer service. It is also important to ensure that vendors are compliant with any applicable regulations or standards. 
  
  Related Information: 
  The MFG-ME SAP Manufacturing Execution component also includes features for managing supplier relationships. This includes features for tracking supplier performance, managing supplier contracts, and monitoring supplier compliance.