What is milestone in SAP MM-PUR-SRC - Product Sourcing?

SAP Term: milestone

• Component: MM-PUR-SRC

• Component Name: Product Sourcing

• Description: A significant point in the sourcing process. A date by which certain activities within a sourcing process must be done to ensure that the required goods and service will be delivered on time to production start. Note, that milestones in context of SAP S/4HANA for procurement planning have different meaning.

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• Key Concepts: 
  A milestone in SAP MM-PUR-SRC Product Sourcing is a point in the procurement process that marks the completion of a specific task or set of tasks. Milestones are used to track progress and ensure that all tasks are completed on time. They can also be used to trigger notifications or other actions. 
  
  How to use it: 
  In SAP MM-PUR-SRC Product Sourcing, milestones are used to track progress and ensure that all tasks are completed on time. Milestones can be set up for each step in the procurement process, such as when a purchase order is created, when goods are received, or when payment is made. Milestones can also be used to trigger notifications or other actions. 
  
  Tips & Tricks: 
  When setting up milestones in SAP MM-PUR-SRC Product Sourcing, it is important to ensure that they are set up correctly and accurately reflect the progress of the procurement process. It is also important to ensure that all stakeholders are aware of the milestones and their associated tasks. 
  
  Related Information: 
  For more information on setting up milestones in SAP MM-PUR-SRC Product Sourcing, please refer to the SAP Help documentation. Additionally, there are many online resources available that provide detailed instructions on how to set up and use milestones in SAP MM-PUR-SRC Product Sourcing.