What is supply relationship in SAP QM - Quality Management?

SAP Term: supply relationship

• Component: QM

• Component Name: Quality Management

• Description: A business connection with suppliers or customers. information for these business connections are managed in the SAP system using the following master data: Supply relationships in procurement: Supplier master record Info record with reference to supplier, material, and plant Supply relationships in Sales & Distribution: Customer master record Info record with reference to a customer, sales organization, and material

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• Key Concepts: 
  Supply relationship in SAP Quality Management (QM) is a term used to describe the relationship between a supplier and a customer. It is used to define the terms of the agreement between the two parties, such as the quality of the goods or services provided, delivery times, and payment terms. The supply relationship also defines the roles and responsibilities of each party in the agreement. 
  
  How to use it: 
  In SAP QM, supply relationships are created and managed in the Supply Relationship Management (SRM) module. This module allows users to create and manage supplier contracts, define quality requirements, and monitor supplier performance. The SRM module also provides tools for managing supplier relationships, such as supplier scorecards and performance reviews. 
  
  Tips & Tricks: 
  When creating a supply relationship in SAP QM, it is important to ensure that all relevant information is included in the agreement. This includes details about quality requirements, delivery times, payment terms, and any other relevant information. Additionally, it is important to ensure that all parties involved in the agreement are aware of their roles and responsibilities. 
  
  Related Information: 
  For more information about supply relationships in SAP QM, please refer to the official SAP documentation on Supply Relationship Management (SRM). Additionally, there are many online resources available that provide detailed information about how to use SRM in SAP QM.