What is order confirmation date in SAP SRD-CRM - CRM-Customer Relationship Management?

SAP Term: order confirmation date

• Component: SRD-CRM

• Component Name: CRM-Customer Relationship Management

• Description: The calendar day an acknowledgement is sent by the supplier to the purchaser advising an order has been received.

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• Key Concepts: 
  Order Confirmation Date is a field in the SAP Customer Relationship Management (CRM) system that stores the date when an order is confirmed. This date is used to track the progress of an order and to ensure that it is fulfilled in a timely manner. 
  
  How to use it: 
  The Order Confirmation Date field can be found in the Sales Order Header Data section of the CRM system. It is used to store the date when an order is confirmed by the customer. This date can then be used to track the progress of the order and ensure that it is fulfilled in a timely manner. 
  
  Tips & Tricks: 
  It is important to ensure that the Order Confirmation Date field is updated regularly, as this will help to ensure that orders are fulfilled in a timely manner. Additionally, it can be helpful to set up automated reminders for when orders need to be confirmed or updated. 
  
  Related Information: 
  The Order Confirmation Date field is related to other fields in the Sales Order Header Data section, such as Delivery Date and Payment Terms. It is important to understand how these fields interact with each other in order to ensure that orders are fulfilled correctly and on time.