What is ordering party in SAP MM-PUR - Purchasing?

SAP Term: ordering party

• Component: MM-PUR

• Component Name: Purchasing

• Description: A company that commissions a subcontractor to do some work for it.

Smart SAP Assistant

• Key Concepts: 
  Ordering party is a term used in the SAP MM-PUR Purchasing component. It refers to the person or organization that places an order for goods or services. The ordering party is responsible for providing the necessary information to the vendor, such as the quantity and type of goods or services required, as well as payment terms and delivery instructions. 
  
  How to use it: 
  In SAP MM-PUR Purchasing, the ordering party is entered into the system when creating a purchase order. This information is then used to identify the ordering party in all subsequent transactions related to the purchase order. The ordering party can also be used to track and analyze purchasing trends and patterns. 
  
  Tips & Tricks: 
  When entering the ordering party into SAP MM-PUR Purchasing, it is important to ensure that all relevant information is included. This includes contact information, payment terms, and delivery instructions. This will help ensure that all transactions related to the purchase order are processed correctly and efficiently. 
  
  Related Information: 
  The ordering party is closely related to other terms in SAP MM-PUR Purchasing, such as vendor, material, and delivery date. It is important to understand how these terms interact with each other in order to effectively manage purchasing processes in SAP MM-PUR Purchasing.