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

SAP Term: threshold record

• Component: PSM-GPR

• Component Name: Procurement for Public Sector

• Description: A record in the system that stores a concrete threshold amount together with the threshold type. For example, you can specify for purchasing organization XYZ that cost center 12345 can spend the amount below the threshold amount of EUR 2,000 for office supplies in the current calendar year.

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• Key Concepts: 
  A threshold record in SAP PSM-GPR Procurement for Public Sector is a record that defines the limits of a procurement process. It is used to determine when a procurement process should be triggered, and when it should be stopped. The threshold record also defines the criteria for selecting suppliers and the type of contracts that can be used. 
  
  How to use it: 
  The threshold record is used to define the parameters of a procurement process. It can be used to set the minimum and maximum values for the amount of money that can be spent on a particular procurement, as well as the type of contract that can be used. The threshold record also defines the criteria for selecting suppliers, such as their financial stability, experience, and reputation. 
  
  Tips & Tricks: 
  When setting up a threshold record, it is important to ensure that all of the parameters are set correctly. This will ensure that the procurement process is conducted in an efficient and cost-effective manner. Additionally, it is important to review the threshold record regularly to ensure that it is up-to-date and reflects any changes in the market or in the organization’s needs. 
  
  Related Information: 
  The threshold record is part of SAP PSM-GPR Procurement for Public Sector. It is closely related to other components of this system, such as the supplier selection process and contract management. Additionally, it is important to understand how these components interact with each other in order to ensure that the procurement process runs smoothly and efficiently.