What is available budget in SAP SRD-SRM-PRO - SRM-Purchase Requests and Orders?

SAP Term: available budget

• Component: SRD-SRM-PRO

• Component Name: SRM-Purchase Requests and Orders

• Description: The financial resources allocated to a cost unit minus the resources already spent for that cost unit in the current year.

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• Key Concepts: 
  Available budget is a term used in SAP SRM-Purchase Requests and Orders to refer to the amount of money that is available for a particular purchase request or order. It is the total amount of money that can be used for the purchase, and it is determined by the budget assigned to the purchase request or order. 
  
  How to use it: 
  When creating a purchase request or order in SAP SRM-Purchase Requests and Orders, the available budget will be displayed. This amount can be adjusted by changing the budget assigned to the purchase request or order. The available budget should be monitored throughout the process to ensure that it does not exceed the total amount of money allocated for the purchase. 
  
  Tips & Tricks: 
  It is important to keep track of the available budget throughout the process of creating a purchase request or order in SAP SRM-Purchase Requests and Orders. This will help ensure that the total amount of money allocated for the purchase does not exceed the available budget. 
  
  Related Information: 
  For more information on how to use available budget in SAP SRM-Purchase Requests and Orders, please refer to SAP’s official documentation on the topic.