What is external procurement in SAP (SCM-APO-CA - APO Cross-Application Components)?

SAP Term: external procurement

• Component: SCM-APO-CA

• Component Name: APO Cross-Application Components

• Description: The product cannot be produced in this location. It is procured either by means of inbound delivery the source location is defined in the supply chain model or via a purchase requisition source location unknown.

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• Key Concepts: 
  External procurement is a process in SAP's Supply Chain Management (SCM) Advanced Planner and Optimizer (APO) Cross-Application Components (CA) that allows companies to purchase goods and services from external vendors. It enables companies to manage their procurement activities more efficiently and cost-effectively. 
  
  How to use it: 
  External procurement can be used to manage the entire procurement process, from creating purchase orders to tracking delivery and payment. It also allows companies to track vendor performance and compare prices across vendors. Additionally, it can be used to automate the procurement process, reducing manual effort and improving accuracy. 
  
  Tips & Tricks: 
  When using external procurement, it is important to ensure that all vendors are properly vetted and that their performance is monitored regularly. Additionally, it is important to ensure that all purchase orders are accurate and up-to-date. Finally, it is important to ensure that all vendors are paid on time. 
  
  Related Information: 
  For more information on external procurement in SAP's SCM-APO-CA APO Cross-Application Components, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed information on how to use external procurement in SAP.