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

SAP Term: release strategy

• Component: MM-PUR

• Component Name: Purchasing

• Description: A plan defining the release codes with which a purchase requisition item, a complete purchase requisition, or a complete external purchasing document must be released that is, approved and the sequence in which release is to be effected using these codes. For example, you can establish a release strategy for all purchase requisitions with a value in excess of a certain figure.

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• Key Concepts: 
  Release strategy is a feature in SAP MM-PUR Purchasing that allows users to control the release of purchase orders. It is used to ensure that all purchase orders are approved by the appropriate personnel before they are sent to the vendor. The release strategy also helps to ensure that all purchase orders are in compliance with company policies and procedures. 
  
  How to use it: 
  The release strategy is set up in the SAP system by defining a set of rules and conditions that must be met before a purchase order can be released. These rules and conditions can include approval from certain personnel, budget checks, and other criteria. Once the release strategy is set up, it will be automatically applied to all purchase orders created in the system. 
  
  Tips & Tricks: 
  When setting up the release strategy, it is important to consider the needs of the organization and ensure that all necessary criteria are included. It is also important to keep the release strategy up-to-date as business needs change over time. 
  
  Related Information: 
  For more information on setting up and using the release strategy in SAP MM-PUR Purchasing, please refer to the official SAP documentation.