What is purchase order value in SAP MM-PUR - Purchasing?

SAP Term: purchase order value

• Component: MM-PUR

• Component Name: Purchasing

• Description: This app helps to retrieve the order value for all the purchase orders over time. The app also helps to determine the KPI value of the purchase orders for a given set of filter criteria such as the materials, plant, and supplier.

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• Key Concepts: 
  Purchase order value is a term used in SAP's MM-PUR Purchasing component. It is the total value of goods or services that are ordered from a vendor. This value is calculated by multiplying the quantity of goods or services ordered by the unit price. 
  
  How to use it: 
  In SAP, purchase order value is used to track the total cost of goods or services that have been ordered from a vendor. This information can be found in the purchase order document and can be used to compare the total cost of goods or services with the budgeted amount. 
  
  Tips & Tricks: 
  It is important to keep track of purchase order values in order to ensure that the total cost of goods or services does not exceed the budgeted amount. Additionally, it is important to ensure that all purchase orders are approved before they are sent to vendors. 
  
  Related Information: 
  Purchase order value is related to other terms such as purchase order quantity, unit price, and budgeted amount. It is also related to other SAP components such as MM-PUR Purchasing and FI-AP Accounts Payable.