What is approved investment in SAP PUR-PRP - Procurement Planning?

SAP Term: approved investment

• Component: PUR-PRP

• Component Name: Procurement Planning

• Description: The amount of money which has been confirmed by a committee for an item so far. Investment values are entered on item level and then aggregated on subproject and project level for further use. The costs that are calculated in SAP S/4HANA for procurement planning are only tooling costs.

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• Key Concepts: 
  Approved investment is a term used in the SAP PUR-PRP Procurement Planning component. It refers to the process of approving an investment in a particular item or service. This approval is based on a number of factors, such as cost, availability, and quality. Once approved, the investment can be used to purchase the item or service. 
  
  How to use it: 
  In order to use approved investment in SAP PUR-PRP Procurement Planning, users must first identify the item or service they wish to purchase. They must then evaluate the cost, availability, and quality of the item or service before submitting an approval request. Once approved, the user can then proceed with the purchase. 
  
  Tips & Tricks: 
  When evaluating an item or service for approved investment, it is important to consider all factors that may affect the purchase. This includes not only cost and availability but also quality and any potential risks associated with the purchase. Additionally, it is important to ensure that all necessary approvals are obtained before proceeding with the purchase. 
  
  Related Information: 
  For more information on approved investment in SAP PUR-PRP Procurement Planning, users can refer to SAP's official documentation on the topic. Additionally, users can consult with their organization's procurement team for further guidance on how to use approved investment in their specific environment.