What is date variance in SAP SRD-SRM-PRO - SRM-Purchase Requests and Orders?

SAP Term: date variance

• Component: SRD-SRM-PRO

• Component Name: SRM-Purchase Requests and Orders

• Description: A difference between the date stated on a quote or purchase order and the date stated on the corresponding goods receipt or invoice.

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• Key Concepts: 
  Date variance is a term used in SAP SRM-Purchase Requests and Orders to refer to the difference between the expected delivery date of an item and the actual delivery date. This difference is calculated by subtracting the expected delivery date from the actual delivery date. 
  
  How to use it: 
  In SAP SRM-Purchase Requests and Orders, date variance can be used to track the performance of suppliers. If a supplier consistently delivers items late, then this can be tracked using the date variance field. This information can then be used to make decisions about which suppliers to use in the future. 
  
  Tips & Tricks: 
  It is important to keep track of date variance in order to ensure that suppliers are meeting their expected delivery dates. This can be done by setting up alerts or notifications when a supplier’s date variance exceeds a certain threshold. 
  
  Related Information: 
  Date variance is related to other terms such as lead time, which is the amount of time it takes for an item to be delivered from the time it is ordered. Lead time can also be tracked using SAP SRM-Purchase Requests and Orders.