What is third-party order processing in SAP SRD-SCM-WME - SCM-Warehousing and Manufacturing Execution?

SAP Term: third-party order processing

• Component: SRD-SCM-WME

• Component Name: SCM-Warehousing and Manufacturing Execution

• Description: A type of external procurement in which a third-party purchase order is issued to a supplier with the instruction to supply the ordered materials to, or perform the ordered services for, a third party.

Smart SAP Assistant

• Key Concepts: 
  Third-party order processing is a feature of SAP's SCM-Warehousing and Manufacturing Execution (SRD-SCM-WME) component. It allows companies to outsource the production of goods to third-party vendors, while still managing the entire process from within SAP. This includes creating orders, tracking progress, and managing inventory. 
  
  How to use it: 
  To use third-party order processing, companies must first create a vendor in SAP. This vendor will be responsible for producing the goods. Once the vendor is created, companies can create orders for the vendor to produce. The orders can be tracked in SAP, and inventory can be managed as well. 
  
  Tips & Tricks: 
  When creating orders for third-party vendors, it is important to ensure that all necessary information is included in the order. This includes the quantity of goods to be produced, the delivery date, and any special instructions. Additionally, it is important to keep track of inventory levels so that orders can be placed in a timely manner. 
  
  Related Information: 
  For more information on third-party order processing in SAP, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SRD_SCM_WME/latest/en-US/f9f8d7a3c2b14e6f9a7d3c8b2f5e4d1a.html