What is supply base in SAP SRD-SRM - SRM-Supplier Relationship Management?

SAP Term: supply base

• Component: SRD-SRM

• Component Name: SRM-Supplier Relationship Management

• Description: The collection of suppliers from whom the purchasing organization regularly procures products.

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• Key Concepts: 
  Supply base is a term used in SAP Supplier Relationship Management (SRM). It refers to the set of suppliers that a company works with to source goods and services. The supply base includes both current and potential suppliers, and can be managed through the SRM system. 
  
  How to use it: 
  The supply base can be managed through the SRM system. This includes creating and managing supplier profiles, setting up contracts, and tracking supplier performance. The SRM system also allows companies to track their supply chain, ensuring that they are getting the best value for their money. 
  
  Tips & Tricks: 
  When setting up a supply base, it is important to ensure that all suppliers are properly vetted and that contracts are in place. This will help ensure that the company is getting the best value for their money. Additionally, it is important to regularly review the performance of suppliers to ensure that they are meeting expectations. 
  
  Related Information: 
  For more information on SAP SRM and managing a supply base, please refer to the SAP Help Portal or contact your local SAP representative.