What is Manage Sourcing Projects in SAP MM-PUR-SRC - Product Sourcing?

SAP Term: Manage Sourcing Projects

• Component: MM-PUR-SRC

• Component Name: Product Sourcing

• Description: An app that is used to display, create, change, and publish sourcing projects. It can be used to find sources of supply for complex bundles of materials or services.

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• Key Concepts: 
  Manage Sourcing Projects is a component of the SAP MM-PUR-SRC Product Sourcing module. It enables users to create and manage sourcing projects, which are used to define the scope of a procurement process. This includes defining the goods or services to be procured, the suppliers to be considered, and the timeline for the procurement process. 
  
  How to use it: 
  To use Manage Sourcing Projects, users must first create a sourcing project. This can be done by entering the relevant details such as the goods or services to be procured, the suppliers to be considered, and the timeline for the procurement process. Once this is done, users can then manage the sourcing project by monitoring its progress and making any necessary changes. 
  
  Tips & Tricks: 
  When creating a sourcing project, it is important to ensure that all relevant details are included. This will help ensure that the procurement process runs smoothly and efficiently. Additionally, it is important to regularly monitor the progress of the sourcing project in order to make any necessary changes or adjustments. 
  
  Related Information: 
  Manage Sourcing Projects is part of SAP’s MM-PUR-SRC Product Sourcing module. Other components of this module include Create Requests for Quotation (RFQ), Manage Supplier Negotiations, and Manage Contracts.