What is Commercial and Government Entity code in SAP PSM-FG - Functions for U.S. Federal Government?

SAP Term: Commercial and Government Entity code

• Component: PSM-FG

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

• Description: Five-character ID number administered by the Defense Logistics Agency DLA of the US Department of Defense. It is used extensively within the US Federal Government and provides a standardized method of identifying a given legal entity or facility at a specific location.

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• Key Concepts: 
  The Commercial and Government Entity (CAGE) code is a five-digit identifier assigned to suppliers of goods and services to the U.S. Federal Government. It is used to identify suppliers in the Federal Procurement Data System (FPDS). The CAGE code is assigned by the Defense Logistics Agency (DLA) and is used to track contracts, orders, and payments. 
  
  How to use it: 
  The CAGE code is used by the U.S. Federal Government to identify suppliers in the FPDS. It is also used by the DLA to track contracts, orders, and payments. The CAGE code can be found on invoices, purchase orders, and other documents related to government contracts. 
  
  Tips & Tricks: 
  It is important to ensure that the CAGE code on all documents related to government contracts is accurate and up-to-date. This will help ensure that payments are made correctly and on time. 
  
  Related Information: 
  The SAP PSM-FG Functions for U.S. Federal Government component provides functionality for managing CAGE codes in SAP systems. This includes creating, updating, and deleting CAGE codes as well as searching for existing CAGE codes in the system.