What is sold-to party in SAP SRD-SRM - SRM-Supplier Relationship Management?

SAP Term: sold-to party

• Component: SRD-SRM

• Component Name: SRM-Supplier Relationship Management

• Description: A person or company that places an order for goods or services. The sold-to party can be, but is not necessarily, the bill-to party, ship-to party, or the payer.

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• Key Concepts: 
  Sold-to party is a term used in SAP Supplier Relationship Management (SRM) to refer to the customer or organization that is responsible for placing an order with a supplier. It is the party that is billed for the goods or services purchased from the supplier. 
  
  How to use it: 
  In SAP SRM, the sold-to party is typically entered into the system when an order is placed. This information is then used to generate invoices and other documents related to the order. The sold-to party can also be used to track customer orders and analyze customer purchasing patterns. 
  
  Tips & Tricks: 
  When entering a sold-to party into SAP SRM, it is important to ensure that all of the information is accurate and up-to-date. This will help ensure that invoices and other documents are generated correctly and that customer orders are tracked accurately. 
  
  Related Information: 
  The sold-to party is closely related to the ship-to party, which is the party that will receive the goods or services purchased from the supplier. The ship-to party may be different from the sold-to party, depending on the situation.