What is open requests value in SAP SRD-SRM-PRO - SRM-Purchase Requests and Orders?

SAP Term: open requests value

• Component: SRD-SRM-PRO

• Component Name: SRM-Purchase Requests and Orders

• Description: The total currency amount of all shopping requests created but not yet approved in a manager's area of responsibility.

Smart SAP Assistant

• Key Concepts: 
  Open Requests Value is a term used in SAP SRM-Purchase Requests and Orders. It is the total value of all purchase requests that have not yet been processed or completed. This value is used to track the amount of money that has been requested for purchase orders but has not yet been approved or fulfilled. 
  
  How to use it: 
  The Open Requests Value can be found in the SRM-Purchase Requests and Orders component of SAP. It is located in the “Overview” tab and can be accessed by clicking on the “Open Requests Value” link. This will display the total value of all purchase requests that have not yet been processed or completed. 
  
  Tips & Tricks: 
  It is important to keep track of the Open Requests Value in order to ensure that all purchase requests are being processed in a timely manner. This will help to ensure that all orders are fulfilled and that no money is being wasted on unnecessary purchases. 
  
  Related Information: 
  The Open Requests Value can be used in conjunction with other metrics such as the Average Processing Time and Average Delivery Time to get a better understanding of how quickly purchase requests are being processed and fulfilled. Additionally, it can be used to compare different vendors and determine which one is providing the best service.