What is vendor confirmation in SAP MM - Materials Management?

SAP Term: vendor confirmation

• Component: MM

• Component Name: Materials Management

• Description: Notification from the vendor to the recipient regarding the status of a purchase order. The term covers a variety of communications sent by a vendor external supplier to a customer. A vendor confirmation may take the form of an order acknowledgment, loading or transport confirmation, or shipping notification. Such confirmations enable the customer to plan more exactly because during the period between the PO date and the planned delivery date, the latter receives increasingly precise, reliable and up-to-date information from the vendor pertaining to the expected delivery.

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• Key Concepts: 
  Vendor Confirmation is a process in SAP Materials Management (MM) that allows a vendor to confirm the receipt of goods or services. This confirmation is then used to update the vendor’s account in the system. The confirmation can be done manually or electronically, depending on the vendor’s preference.
  
  How to use it: 
  To use Vendor Confirmation, the vendor must first be registered in the system. Once registered, the vendor can then confirm the receipt of goods or services by entering the relevant information into the system. This information includes the quantity of goods received, any discounts applied, and any other relevant details. Once this information is entered, it is then used to update the vendor’s account in the system.
  
  Tips & Tricks: 
  It is important to ensure that all information entered into the system is accurate and up-to-date. This will help to ensure that all transactions are properly recorded and accounted for. Additionally, it is important to keep track of all vendor confirmations in order to ensure that all transactions are properly recorded and accounted for.
  
  Related Information: 
  For more information on Vendor Confirmation, please refer to SAP’s official documentation on Materials Management (MM). Additionally, there are many online resources available that provide detailed instructions on how to use Vendor Confirmation in SAP MM.