What is Central Contractor Registration in SAP PSM-FG - Functions for U.S. Federal Government?

SAP Term: Central Contractor Registration

• Component: PSM-FG

• Component Name: Functions for U.S. Federal Government

• Description: The Central Contractor Registration CCR is the primary vendor database for the United States Department of Defense and other US federal government agencies. CCR collects, validates, stores, and disseminates data in support of agency missions.

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• Key Concepts: 
  Central Contractor Registration (CCR) is a component of the SAP PSM-FG Functions for U.S. Federal Government. It is a mandatory registration process for all vendors who wish to do business with the U.S. Federal Government. The CCR is used to collect, store, and disseminate information about vendors and their business activities. It also serves as a single point of entry for vendors to access government procurement opportunities. 
  
  How to use it: 
  In order to use the CCR, vendors must first register with the CCR system. This can be done online or by mail. Once registered, vendors can then access the CCR system to update their information, search for government procurement opportunities, and submit bids for those opportunities. 
  
  Tips & Tricks: 
  It is important to keep your CCR information up-to-date in order to ensure that you are eligible for government procurement opportunities. Additionally, it is important to read all instructions carefully when submitting bids in order to ensure that your bid is properly submitted and received by the government agency in question. 
  
  Related Information: 
  For more information on the Central Contractor Registration process, please visit the official website at https://www.ccr.gov/.