What is preferred supplier list in SAP MM-PUR-SRC - Product Sourcing?

SAP Term: preferred supplier list

• Component: MM-PUR-SRC

• Component Name: Product Sourcing

• Description: A list of suppliers, that were defined centrally per material group and should be used for sourcing of materials and services.

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• Key Concepts: 
  A Preferred Supplier List (PSL) is a list of suppliers that have been pre-approved by an organization to provide goods and services. This list is used to streamline the procurement process and ensure that only approved suppliers are used. The list can be used to quickly identify potential suppliers for a given product or service, and can also be used to track supplier performance. 
  
  How to use it: 
  In SAP MM-PUR-SRC Product Sourcing, the Preferred Supplier List (PSL) is used to identify potential suppliers for a given product or service. The list can be accessed from the “Suppliers” tab in the SAP system. Once a supplier has been identified, the user can then view the supplier’s profile, which includes information such as contact details, pricing, and delivery terms. 
  
  Tips & Tricks: 
  When creating a Preferred Supplier List (PSL), it is important to ensure that only approved suppliers are included on the list. This will help to ensure that only reliable and cost-effective suppliers are used for procurement purposes. Additionally, it is important to regularly review the list and update it as needed in order to keep it up-to-date. 
  
  Related Information: 
  For more information on Preferred Supplier Lists (PSLs) in SAP MM-PUR-SRC Product Sourcing, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_MM_PUR_SRC/latest/en-US/f9f8d7a2b3e14c8a9f3d7a2b3e14c8a9f3d7a2b3e14c8a9f3d7a2b3e14c8a9f3d7a2b3e14c8a9f3d7a2b3e14c8a9f3d7a2b3e14c8a9f3d7a2b3e14c8a9f3d7a2b3e14c8a9f3d7a2b3e14c8a9f3d7a2b3e14c8a9f3d7a2b3e14c8a9f3d7a2b3e14c8a9f3d7a2b3e14c8a9f4/.