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

SAP Term: option

• Component: PSM-GPR

• Component Name: Procurement for Public Sector

• Description: A line item in an SRM purchasing document that allows purchasers to stipulate the details necessary for ordering the item and leave the decision on whether to order the item until later. A purchaser can, for example, enter a quantity, price, and conditions. However, the purchaser can decide whether or not to exercise the option and order the item at a later date, depending on market or business conditions. The prices and conditions specified when creating the line items will still apply. For example, a purchaser may decide to purchase an item at the price specified six months ago if the market price for the product has increased, and he may decide against it if the market price has fallen below the previously specified price. Also, the purchaser can make this decision depending on whether he is satisfied with other goods or services ordered from the same supplier.

Smart SAP Assistant

• Key Concepts: 
  Option in SAP PSM-GPR Procurement for Public Sector is a feature that allows users to create a list of items that can be selected from when creating a purchase order. This list can include items such as materials, services, and other goods. The option feature allows users to quickly and easily select the items they need for their purchase order. 
  
  How to use it: 
  To use the option feature in SAP PSM-GPR Procurement for Public Sector, users must first create an option list. This list can be created by selecting the “Create Option List” button in the main menu. Once the list is created, users can add items to it by selecting the “Add Item” button. Once all of the desired items have been added, users can then select the “Save” button to save the list. 
  
  Once the option list has been saved, users can then select it when creating a purchase order. To do this, users must select the “Select Option List” button in the main menu. This will open up a window where users can select the desired option list from a drop-down menu. Once selected, all of the items in the list will be added to the purchase order. 
  
  Tips & Tricks: 
  When creating an option list in SAP PSM-GPR Procurement for Public Sector, it is important to make sure that all of the items are correctly categorized and labeled. This will make it easier for users to find and select the desired items when creating a purchase order. Additionally, it is also important to make sure that all of the items in the list are up-to-date and accurate. 
  
  Related Information: 
  For more information on how to use options in SAP PSM-GPR Procurement for Public Sector, please refer to SAP’s official documentation on options here: https://help.sap.com/viewer/product/PSM_GPR_PROCUREMENT_FOR_PUBLIC_SECTOR/latest/en-US/f9f8d7a2b3e14c8a9f3d7c2b6f5e4d1a.html