What is 'other value limit' in SAP SRD-SRM-PRO - SRM-Purchase Requests and Orders?

other value limit - Overview

• Component: SRD-SRM-PRO

• Component Name: SRM-Purchase Requests and Orders

• Description: An additional maximum amount that can be spent on the purchase of non- contract products or products from other contracts within a limit item. If a contract is assigned to a limit item, then the whole value limit is related to that contract. The other value limit is relevant only if a contract has been assigned to the limit item in the purchase order.

other value limit - Details

• 
  Key Concepts: 
  Other Value Limit (OVL) is a feature in SAP SRM-Purchase Requests and Orders that allows users to set a limit on the total value of all items in a purchase request or order. This limit can be used to ensure that the total value of the items does not exceed a certain amount. 
  
  How to use it: 
  To use the Other Value Limit feature, users must first set up the OVL in the system. This can be done by going to the SRM-Purchase Requests and Orders component and selecting “Other Value Limit” from the menu. Once the OVL is set up, users can then enter a value for the limit. This value will be used to determine if the total value of all items in a purchase request or order exceeds the limit. 
  
  Tips & Tricks: 
  When setting up an OVL, it is important to remember that the limit applies to all items in a purchase request or order, not just individual items. Therefore, it is important to set an appropriate limit that will not be exceeded by any combination of items. 
  
  Related Information: 
  For more information about Other Value Limit in SAP SRM-Purchase Requests and Orders, please refer to SAP Help documentation.