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

SAP Term: budget details

• Component: SRD-SRM-PRO

• Component Name: SRM-Purchase Requests and Orders

• Description: An in-depth description of the financial resources and expenses of a cost unit. A manager or approver can use the budget details to determine whether to approve or reject a shopping request.

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• Key Concepts: 
  Budget details are a feature of SAP SRM-Purchase Requests and Orders that allow users to set a budget for a purchase request or order. This budget is then used to track the total cost of the purchase request or order, and to ensure that it does not exceed the set budget. 
  
  How to use it: 
  To use budget details in SAP SRM-Purchase Requests and Orders, users must first set a budget for the purchase request or order. This can be done by entering the budget amount in the “Budget” field of the purchase request or order. Once the budget is set, users can then track the total cost of the purchase request or order by viewing the “Total Cost” field. 
  
  Tips & Tricks: 
  When setting a budget for a purchase request or order, it is important to remember that any additional costs incurred during the process (such as taxes, shipping, etc.) will be added to the total cost of the purchase request or order. Therefore, it is important to set a realistic budget that takes into account any additional costs that may be incurred. 
  
  Related Information: 
  For more information on using budget details in SAP SRM-Purchase Requests and Orders, please refer to SAP’s official documentation on the topic: https://help.sap.com/viewer/product/SRM/7.0/en-US/f9f8d3a2b6c14e8a9f3d7c2b5f9e4d1a.html