1. SAP Glossary ›
  2. Product Sourcing ›
  3. sourcing


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


Instant HelpGet instant SAP help. Sign up for our Free Essentials Plan.

SAP Term: sourcing

  • Component: MM-PUR-SRC

  • Component Name: Product Sourcing

  • Description: The process of finding and choosing the best company for the delivery of required goods or the provisioning of required services by asking several companies to submit quotations for those goods and/or services. Awarding can be based on price, but also on other factors such as supplier evaluation score.


Smart SAP Assistant

  • Key Concepts: Sourcing is the process of selecting suppliers and negotiating contracts for goods and services. In SAP, the MM-PUR-SRC Product Sourcing component is used to manage the sourcing process. It enables users to create and manage requests for quotations (RFQs), compare offers from different suppliers, and select the best supplier for a given product or service. How to use it: The MM-PUR-SRC Product Sourcing component can be used to create RFQs, compare offers from different suppliers, and select the best supplier for a given product or service. It also allows users to track the progress of their sourcing activities, monitor supplier performance, and manage supplier relationships. Tips & Tricks: When creating an RFQ, it is important to provide as much detail as possible about the product or service being requested. This will help ensure that suppliers are able to provide accurate quotes and that the best supplier is selected. Additionally, it is important to establish clear criteria for evaluating supplier offers in order to ensure that the best offer is chosen. Related Information: For more information on using the MM-PUR-SRC Product Sourcing component, please refer to SAP's official documentation at https://help.sap.com/viewer/product/MM_PUR_SRC/latest/en-US.

    Already have an account? Login here!


Instant HelpGet instant SAP help. Sign up for our Free Essentials Plan.


Related SAP Glossary Terms

Click the links below to see the following related SAP glossary terms:

  • sourcing
    The automatic determination of the source from which products are deli...

  • Sourcing
    A business area that allows a company to plan and determine its long-t...

  • sourcing
    The process of finding a viable source of supply that can provide the ...

  • Sourcing and Contracting
    A work center in which a buyer can identify and manage new and existin...

Rating
ERPlingo simplifies finding the accurate answers to SAP message errors. I now use every week. A must have tool for anyone working with SAP! Highly recommended!
Rate 1
Kent Bettisworth
Executive SAP Consultant