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

option reference item - Overview

• Component: PSM-GPR

• Component Name: Procurement for Public Sector

• Description: A line item on a contract or purchase order that is not optional itself but has an optional line item assigned to it. Example: A purchaser uses a non-optional line item to order 50 pairs of boots. He adds an an optional line item that allows him to order 300 additional pairs over a later period of time if he is satisfied with the quality of the first 50 pairs.

option reference item - Details

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  Key Concepts: 
  Option reference item is a feature in the SAP PSM-GPR Procurement for Public Sector component that allows users to create a reference item for an option. This reference item can be used to define the option and its associated characteristics, such as price, quantity, and delivery date. The reference item can then be used in the procurement process to create a purchase order for the option. 
  
  How to use it: 
  To use the option reference item feature, users must first create a reference item for the option. This can be done by entering the necessary information into the relevant fields in the SAP system. Once the reference item is created, it can be used in the procurement process to create a purchase order for the option. 
  
  Tips & Tricks: 
  When creating an option reference item, it is important to ensure that all of the necessary information is entered correctly. This will ensure that the purchase order created for the option is accurate and complete. Additionally, it is important to keep track of all of the reference items created, as they can be used in future procurement processes. 
  
  Related Information: 
  For more information on using the option reference item feature in SAP PSM-GPR Procurement for Public Sector, please refer to SAP’s official documentation on the topic. Additionally, there are many online resources available that