What is exercise in SAP PSM-GPR - Procurement for Public Sector?

SAP Term: exercise

• Component: PSM-GPR

• Component Name: Procurement for Public Sector

• Description: To mark an option on a contract or purchase order for activation. The option will then be automatically activated when its period of performance starts.

Smart SAP Assistant

• Key Concepts: 
  Exercise in the context of the PSM-GPR Procurement for Public Sector component of SAP is the process of creating a purchase order for goods or services. This process involves selecting a vendor, entering the details of the purchase order, and submitting it for approval. 
  
  How to use it: 
  To exercise a purchase order in SAP, first select the vendor from which you wish to purchase goods or services. Then enter the details of the purchase order, such as the item description, quantity, and price. Finally, submit the purchase order for approval. 
  
  Tips & Tricks: 
  When entering the details of a purchase order in SAP, be sure to double-check all information before submitting it for approval. This will help ensure that all information is accurate and that there are no errors in the purchase order. 
  
  Related Information: 
  For more information on exercising a purchase order in SAP, please refer to the official SAP documentation on PSM-GPR Procurement for Public Sector.