What is procurement release in SAP MM-PUR - Purchasing?

SAP Term: procurement release

• Component: MM-PUR

• Component Name: Purchasing

• Description: A release procedure that enables you to manage the approval of purchasing documents such as purchase requisitions or purchase contracts in procurement process in SAP ERP or SAP S/4HANA systems.

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• Key Concepts: 
  Procurement Release is a process in the Materials Management (MM) module of SAP that allows for the release of purchase orders (POs) to vendors. It is used to ensure that all necessary approvals are obtained before a PO is sent to a vendor. The process involves the creation of a release strategy, which defines the criteria for releasing POs, and the assignment of this strategy to a PO. 
  
  How to use it: 
  To use procurement release, first create a release strategy in the Customizing menu of the MM-PUR Purchasing module. This strategy should define the criteria for releasing POs, such as the type of goods or services being purchased, the amount of the purchase, and any other relevant criteria. Once this strategy is created, it must be assigned to each PO that requires release. This can be done in the PO header data or in the item details. 
  
  Tips & Tricks: 
  When creating a release strategy, it is important to consider all possible scenarios that may require approval. For example, if you are purchasing goods or services from multiple vendors, you may need to create separate strategies for each vendor. Additionally, it is important to ensure that all necessary approvals are obtained before releasing a PO. 
  
  Related Information: 
  For more information on procurement release in SAP MM-PUR Purchasing, please refer to SAP Help documentation or contact your SAP support team.