What is period of performance in SAP PSM-GPR - Procurement for Public Sector?

SAP Term: period of performance

• Component: PSM-GPR

• Component Name: Procurement for Public Sector

• Description: A period of time during which a supplier must perform services or deliver goods.

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• Key Concepts: 
  Period of Performance (PoP) is a term used in the Public Sector Management (PSM) Global Procurement (GPR) component of SAP. It is the time period during which a contract is valid and services are provided. The PoP is typically specified in the contract and can be used to track the progress of the contract and ensure that all services are delivered on time. 
  
  How to use it: 
  The PoP can be set up in SAP by entering the start and end dates of the contract in the relevant fields. This will enable users to track the progress of the contract and ensure that all services are delivered on time. The PoP can also be used to generate reports that provide an overview of the contract's progress. 
  
  Tips & Tricks: 
  It is important to ensure that the PoP is set up correctly in SAP, as this will enable users to accurately track the progress of the contract. Additionally, it is important to ensure that all services are delivered within the specified PoP, as this will help to ensure that all contractual obligations are met. 
  
  Related Information: 
  For more information about setting up a PoP in SAP, please refer to the SAP Help documentation. Additionally, for more information about managing contracts in SAP, please refer to the SAP Best Practices for Public Sector Management Global Procurement guide.