What is external reference in SAP (MM-PUR-SRC - Product Sourcing)?

SAP Term: external reference

• Component: MM-PUR-SRC

• Component Name: Product Sourcing

• Description: A reference ID of a business object, for example sourcing project or procurement project, in the external system.

Smart SAP Assistant

• Key Concepts: 
  External reference in SAP MM-PUR-SRC Product Sourcing is a feature that allows users to reference external documents, such as contracts, in the system. This feature allows users to store and access documents related to their procurement process in one place. 
  
  How to use it: 
  To use the external reference feature, users must first create a document in the system. This document can be a contract, an agreement, or any other type of document related to the procurement process. Once the document is created, users can then link it to the relevant purchase order or request for quotation (RFQ). This will allow users to easily access the document when needed. 
  
  Tips & Tricks: 
  When creating an external reference document, it is important to ensure that all relevant information is included. This includes the name of the supplier, the terms of the agreement, and any other details that may be relevant. Additionally, it is important to ensure that all documents are kept up-to-date and accurate. 
  
  Related Information: 
  For more information on external references in SAP MM-PUR-SRC Product Sourcing, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed instructions on how to use this feature.