What is buyer responsible in SAP SRD-SRM - SRM-Supplier Relationship Management?

SAP Term: buyer responsible

• Component: SRD-SRM

• Component Name: SRM-Supplier Relationship Management

• Description: The individual within a company who triggered a purchasing activity, for example, to create a request for quotation.

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• Key Concepts: 
  Buyer responsible is a term used in SAP Supplier Relationship Management (SRM). It refers to the person responsible for managing the relationship between the buyer and the supplier. This person is responsible for ensuring that the supplier meets the buyer's requirements and that all transactions are conducted in a timely and efficient manner. 
  
  How to use it: 
  The buyer responsible is typically a member of the procurement team. They are responsible for managing the relationship between the buyer and the supplier, including negotiating contracts, monitoring performance, and resolving any disputes. They also ensure that all transactions are conducted in accordance with the terms of the contract. 
  
  Tips & Tricks: 
  When selecting a buyer responsible, it is important to choose someone who has experience in procurement and supplier management. They should also have strong communication skills and be able to effectively manage relationships with suppliers. 
  
  Related Information: 
  The buyer responsible is an important part of SAP SRM. Other key components of SRM include supplier onboarding, contract management, and supplier performance management. All of these components work together to ensure that buyers and suppliers have a successful relationship.