What is procurement milestone in SAP PM - Plant Maintenance?

SAP Term: procurement milestone

• Component: PM

• Component Name: Plant Maintenance

• Description: A critical point in the process of procuring non-stock materials and external services. Timely completion of procurement milestones can be an indicator for whether planned non-stock materials and external services will be available by their planned requirement date. In addition, they allow maintenance planners to monitor when each phase in the procurement process must be completed to ensure that that a maintenance order is ready for execution on the scheduled date. For maintenance orders, the following milestones can be monitored: Purchase Requisition Created Purchase Requisition Released Purchase Order Sent to Vendor Order Confirmed by Vendor Order Shipped Order Received in Full

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• Key Concepts: 
  Procurement Milestone is a feature in SAP Plant Maintenance (PM) that allows users to track the progress of procurement activities. It is used to monitor the status of orders, deliveries, and invoices related to the procurement process. The milestone can be used to set up a timeline for the procurement process and to ensure that all activities are completed on time. 
  
  How to use it: 
  In SAP PM, users can create a procurement milestone by entering the relevant information such as the order number, delivery date, and invoice date. The milestone can then be monitored by viewing the status of each activity in the timeline. The status of each activity can be changed manually or automatically based on the progress of the procurement process. 
  
  Tips & Tricks: 
  It is important to keep track of all activities related to the procurement process in order to ensure that everything is completed on time. To make this easier, users can set up alerts for each activity in the timeline so that they are notified when an activity is overdue or completed. 
  
  Related Information: 
  The Procurement Milestone feature in SAP PM is closely related to other features such as Purchase Requisition and Purchase Order. These features are used to create and manage orders for materials and services that are needed for the procurement process.