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

SAP Term: phase

• Component: MM-PUR-SRC

• Component Name: Product Sourcing

• Description: A distinguishable period in a lifecycle of a sourcing project that enables users to control the lifecycle of a sourcing project on a high level.

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• Key Concepts: 
  A phase in SAP MM-PUR-SRC Product Sourcing is a step in the procurement process. It is used to define the different stages of the process, such as Request for Quotation (RFQ), Request for Proposal (RFP), and Award. Each phase has its own set of tasks and activities that must be completed before the next phase can begin. 
  
  How to use it: 
  In SAP MM-PUR-SRC Product Sourcing, phases are used to define the different stages of the procurement process. Each phase has its own set of tasks and activities that must be completed before the next phase can begin. To use phases, users must first create a new phase in the system and then assign tasks and activities to it. Once all tasks and activities have been completed, the phase can be marked as complete. 
  
  Tips & Tricks: 
  When creating a new phase in SAP MM-PUR-SRC Product Sourcing, it is important to ensure that all tasks and activities are assigned to it. This will ensure that all steps of the procurement process are completed in order and on time. Additionally, users should ensure that all phases are marked as complete once all tasks and activities have been completed. 
  
  Related Information: 
  For more information on SAP MM-PUR-SRC Product Sourcing, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed tutorials on how to use this software.