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

SAP Term: threshold consumption

• Component: PSM-GPR

• Component Name: Procurement for Public Sector

• Description: An activity in procurement that consumes monetary amounts up to a defined threshold.

Smart SAP Assistant

• Key Concepts: 
  Threshold consumption is a feature of the Procurement for Public Sector (PSM-GPR) component of SAP. It allows users to set a threshold value for the total amount of goods or services that can be purchased from a single vendor in a given period of time. This helps to ensure that public sector organizations are compliant with procurement regulations and that they are not overspending on any one vendor. 
  
  How to use it: 
  To use threshold consumption, users must first set up the feature in the PSM-GPR component. This includes setting the threshold value and the period of time for which it will be in effect. Once this is done, users can then create purchase orders for goods or services from vendors. If the total amount of goods or services purchased from a single vendor exceeds the threshold value, an alert will be triggered and the user will be notified. 
  
  Tips & Tricks: 
  It is important to keep track of the total amount of goods or services purchased from each vendor in order to ensure that the threshold value is not exceeded. Additionally, it is important to review and update the threshold value periodically to ensure that it remains compliant with procurement regulations. 
  
  Related Information: 
  For more information on how to use threshold consumption in SAP PSM-GPR, please refer to the official SAP documentation.