What is maverick buying in SAP SRD-SRM-SC - SRM-Sourcing and Contracting?

SAP Term: maverick buying

• Component: SRD-SRM-SC

• Component Name: SRM-Sourcing and Contracting

• Description: The process of buying products individually, bypassing approved methods of the purchasing department.

Smart SAP Assistant

• Key Concepts: 
  Maverick buying is a term used to describe the purchase of goods or services outside of the company’s established procurement process. It is a form of non-compliance with the company’s procurement policies and procedures. This type of buying can lead to higher costs, lack of control over quality, and potential legal risks. 
  
  How to use it: 
  In SAP SRM-Sourcing and Contracting, maverick buying can be prevented by setting up a comprehensive procurement process that includes approval workflows, budget checks, and supplier selection criteria. This ensures that all purchases are made in accordance with the company’s policies and procedures. 
  
  Tips & Tricks: 
  It is important to ensure that all employees are aware of the company’s procurement policies and procedures. Regular training sessions should be conducted to ensure that everyone is familiar with the process. Additionally, it is important to have a system in place to monitor and track all purchases to ensure compliance with the company’s policies. 
  
  Related Information: 
  For more information on maverick buying and how to prevent it in SAP SRM-Sourcing and Contracting, please refer to the SAP Help Portal.