What is Contract Leakage in SAP MM-FIO-PUR - Fiori UI for Purchasing?

SAP Term: Contract Leakage

• Component: MM-FIO-PUR

• Component Name: Fiori UI for Purchasing

• Description: A KPI that returns the spend of purchase orders that do not have a contract reference, although an existing contract could have been used.

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• Key Concepts: 
  Contract Leakage is a term used in SAP's MM-FIO-PUR Fiori UI for Purchasing. It refers to the situation where a company has a contract with a vendor, but the company is not taking full advantage of the contract terms. This can lead to higher costs and lost savings opportunities. 
  
  How to use it: 
  Contract Leakage can be identified and addressed in SAP's MM-FIO-PUR Fiori UI for Purchasing. The system can be used to analyze purchasing data and identify any discrepancies between the contract terms and what is actually being purchased. This allows companies to take corrective action and ensure that they are taking full advantage of their contracts. 
  
  Tips & Tricks: 
  It is important to regularly review purchasing data in order to identify any potential Contract Leakage. Companies should also ensure that their contracts are up-to-date and that they are taking full advantage of any discounts or other benefits offered by their vendors. 
  
  Related Information: 
  Contract Leakage is closely related to Contract Compliance, which refers to the process of ensuring that a company is adhering to the terms of its contracts. Contract Compliance can be monitored using SAP's MM-FIO-PUR Fiori UI for Purchasing, which provides detailed analytics on purchasing data.