What is requirement date in SAP MM-PUR - Purchasing?

SAP Term: requirement date

• Component: MM-PUR

• Component Name: Purchasing

• Description: In a reservation, the date on which the requested material is due to be withdrawn from the warehouse or stores. Also referred to as the "need date."

Smart SAP Assistant

• Key Concepts: 
  Requirement date is a field in the Purchasing module of SAP that indicates the date by which a certain material or service must be delivered. It is used to plan and manage the procurement process. The requirement date is usually set by the purchasing department and is based on the customer's needs. 
  
  How to use it: 
  The requirement date can be set in the Purchasing module of SAP. It is usually entered when creating a purchase order or a request for quotation. The requirement date can also be changed at any time during the procurement process. 
  
  Tips & Tricks: 
  It is important to set realistic requirement dates that are achievable. Setting unrealistic dates can lead to delays in the procurement process and can cause problems with suppliers. 
  
  Related Information: 
  The requirement date is closely related to other fields in the Purchasing module such as delivery date, goods receipt date, and invoice date. These fields are used to track the progress of the procurement process and ensure that materials and services are delivered on time.