What is external service in SAP (MM-SRV - External Services)?

SAP Term: external service

• Component: MM-SRV

• Component Name: External Services

• Description: A service that is procured from an external supplier. It is requested, purchased, recorded, and invoiced via Management. External services are maintained in purchasing documents in service lines below the item level.

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• Key Concepts: 
  External services are services that are provided by external vendors or suppliers. These services can include maintenance, repairs, and other services that are not provided by the company itself. In SAP, external services are managed through the Materials Management (MM) module. 
  
  How to use it: 
  In SAP, external services are managed through the Materials Management (MM) module. This module allows users to create and manage contracts with external vendors or suppliers. It also allows users to track and monitor the progress of external services, as well as manage invoices and payments for those services. 
  
  Tips & Tricks: 
  When creating contracts with external vendors or suppliers, it is important to ensure that all terms and conditions are clearly outlined in the contract. This will help to ensure that both parties understand their obligations and responsibilities. Additionally, it is important to keep track of all invoices and payments related to external services in order to ensure that all payments are made on time. 
  
  Related Information: 
  The Materials Management (MM) module is part of the SAP ERP system. It is used to manage procurement processes, inventory management, and other related activities. Additionally, it can be used to manage contracts with external vendors or suppliers, as well as track and monitor the progress of external services.