What is purchase order lead time in SAP SRD-SRM-PRO - SRM-Purchase Requests and Orders?

SAP Term: purchase order lead time

• Component: SRD-SRM-PRO

• Component Name: SRM-Purchase Requests and Orders

• Description: The average number of days between the creation of a purchase request and the creation of a corresponding purchase order by a purchasing organization in the current year. The number of days taken is calculated on item level.

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• Key Concepts: 
  Purchase order lead time is the amount of time it takes for a purchase order to be processed and fulfilled. It is the time between when a purchase order is created and when the goods or services are received. This time frame includes the time it takes for the supplier to process the order, ship the goods, and deliver them to the buyer. 
  
  How to use it: 
  In SAP SRM, purchase order lead time can be tracked in the Purchase Requests and Orders component. This component allows users to view the status of their purchase orders, including the lead time associated with each order. The lead time can be used to determine when goods or services will be received, and can help users plan accordingly. 
  
  Tips & Tricks: 
  It is important to keep track of purchase order lead times in order to ensure that goods or services are received on time. To do this, users should regularly check the status of their orders in SAP SRM and adjust their plans accordingly. Additionally, users should communicate with suppliers to ensure that orders are being processed in a timely manner. 
  
  Related Information: 
  Purchase order lead times are closely related to other concepts such as delivery times and payment terms. Delivery times refer to the amount of time it takes for goods or services to be delivered after they have been ordered, while payment terms refer to the conditions under which payment must be made for an order. Understanding these concepts can help users better manage their purchase orders in SAP SRM.