What is identified supplier in SAP SAP-LEGAL - Global Field Legal?

SAP Term: identified supplier

• Component: SAP-LEGAL

• Component Name: Global Field Legal

• Description: Any suppliers identified by Customer for whom Customer has provided all required informatio.

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• Key Concepts: 
  An identified supplier is a supplier that has been identified by SAP-LEGAL Global Field Legal Compliance as a potential risk to the company. This means that the supplier has been flagged for potential legal or regulatory issues, and must be monitored closely. 
  
  How to use it: 
  When working with identified suppliers, it is important to ensure that all legal and regulatory requirements are met. This includes conducting due diligence on the supplier, ensuring that all contracts are up-to-date and compliant with applicable laws, and monitoring the supplier’s performance. 
  
  Tips & Tricks: 
  When working with identified suppliers, it is important to keep communication open and transparent. This will help ensure that any potential issues are addressed quickly and efficiently. Additionally, it is important to keep records of all interactions with the supplier, as this can help in the event of a dispute or investigation. 
  
  Related Information: 
  For more information on working with identified suppliers, please refer to SAP-LEGAL Global Field Legal Compliance’s guidelines on supplier management. Additionally, you can find more information on legal and regulatory compliance in SAP’s Knowledge Base.