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

SAP Term: service item

• Component: MM-SRV

• Component Name: External Services

• Description: A line in a set of service specifications uniquely identifying a service that is to be procured.

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• Key Concepts: 
  A service item is a type of material in SAP Materials Management (MM) that is used to represent services that are procured from external vendors. It is used to track the cost of services and to manage the procurement process. The service item is linked to a service master record, which contains information about the service, such as the vendor, price, and delivery terms. 
  
  How to Use it: 
  To create a service item in SAP MM, you must first create a service master record. This can be done by entering the vendor information and the details of the service into the system. Once the master record is created, you can then create a service item by entering the material number and description of the service. The system will then generate a unique material number for the service item. 
  
  Tips & Tricks: 
  When creating a service item in SAP MM, it is important to ensure that all of the necessary information is entered correctly. This includes the vendor information, price, and delivery terms. Additionally, it is important to ensure that all of the relevant taxes and fees are included in the price of the service item. 
  
  Related Information: 
  The service item is part of SAP Materials Management (MM) module. It is closely related to other components of MM such as purchasing and inventory management. Additionally, it is related to other modules such as Financial Accounting (FI) and Controlling (CO).