What is master service specifications in SAP MM-SRV - External Services?

SAP Term: master service specifications

• Component: MM-SRV

• Component Name: External Services

• Description: A grouping of common services for certain fields of activity without reference to a particular project or planned procurement.

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• Key Concepts: 
  Master Service Specifications (MSS) are a component of the Materials Management (MM) module in SAP. They are used to define the services that a company provides to its customers. The MSS contains information about the service, such as the service description, pricing, and delivery terms. It also contains information about the service provider, such as contact information and payment terms. 
  
  How to use it: 
  The MSS is used to create service contracts with customers. The MSS is used to define the services that will be provided and the terms of the contract. The MSS can also be used to track customer orders and invoices. 
  
  Tips & Tricks: 
  When creating a MSS, it is important to ensure that all of the necessary information is included. This includes the service description, pricing, delivery terms, contact information, and payment terms. It is also important to ensure that all of the information is accurate and up-to-date. 
  
  Related Information: 
  The MM-SRV External Services component of SAP provides additional features for managing master service specifications. These features include creating and managing service contracts, tracking customer orders and invoices, and managing customer relationships.