What is Contract Is Ready as Source of Supply in SAP MM-PUR - Purchasing?

SAP Term: Contract Is Ready as Source of Supply

• Component: MM-PUR

• Component Name: Purchasing

• Description: A situation that informs specific members of the purchasing organization about new or updated supplier contracts for open purchase requisition items.

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• Key Concepts: 
  Contract Is Ready as Source of Supply is a feature in SAP MM-PUR Purchasing that allows users to create a source of supply for goods and services based on an existing contract. This feature allows users to quickly and easily create a source of supply for goods and services without having to manually enter all the details. 
  
  How to use it: 
  To use this feature, users must first create a contract in SAP MM-PUR Purchasing. Once the contract is created, users can then select the “Contract Is Ready as Source of Supply” option from the menu. This will create a source of supply based on the details of the contract. 
  
  Tips & Tricks: 
  When creating a contract, it is important to ensure that all the details are accurate and up-to-date. This will ensure that the source of supply created is accurate and reliable. Additionally, it is important to review the contract regularly to ensure that any changes or updates are reflected in the source of supply. 
  
  Related Information: 
  For more information on Contract Is Ready as Source of Supply, please refer to SAP’s official documentation on MM-PUR Purchasing. Additionally, there are many online resources available that provide detailed tutorials and step-by-step instructions on how to use this feature.