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

SAP Term: service

• Component: MM-SRV

• Component Name: External Services

• Description: An intangible good that is the subject of business activity and that can be performed internally or procured externally outsourced. Services are regarded as consumed at the time of performance. They cannot be stored or transported. Examples of services include construction work, janitorial and cleaning services, and legal services.

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• Key Concepts: 
  Service in SAP MM-SRV External Services is a type of material that is used to represent services that are procured from external vendors. It is a non-stock item and does not have any physical inventory associated with it. It is used to track the cost of services provided by external vendors and can be used to generate purchase orders for those services. 
  
  How to use it: 
  In order to use service in SAP MM-SRV External Services, you must first create a service master record. This record contains information about the service such as its description, unit of measure, and price. Once the service master record is created, you can then create purchase orders for the service. The purchase order will contain information about the vendor, the quantity of the service being purchased, and the price of the service. 
  
  Tips & Tricks: 
  When creating a service master record, it is important to ensure that all of the necessary information is included. This includes the description, unit of measure, and price of the service. Additionally, it is important to ensure that the vendor information is accurate so that the purchase order can be sent to the correct vendor. 
  
  Related Information: 
  For more information on using services in SAP MM-SRV External Services, please refer to SAP Help documentation or contact your local SAP support team.