What is tolerance check in SAP SRD-SRM - SRM-Supplier Relationship Management?

SAP Term: tolerance check

• Component: SRD-SRM

• Component Name: SRM-Supplier Relationship Management

• Description: A process that is defined to verify variances that can occur,for example, when entering invoices. A tolerance check can identify variances that occur with price, quantity or delivery date.

Smart SAP Assistant

• Key Concepts: 
  Tolerance check is a feature in SAP SRM-Supplier Relationship Management (SRM) that allows users to set limits on the amount of variance that is allowed in a purchase order. This helps to ensure that the purchase order is within the specified budget and that any discrepancies are flagged for review. 
  
  How to use it: 
  To use the tolerance check feature, users must first set up the tolerance limits in the system. This can be done by navigating to the “Tolerance Check” tab in the SRM system and entering the desired limits. Once these limits are set, any purchase orders that exceed these limits will be flagged for review. 
  
  Tips & Tricks: 
  It is important to note that tolerance checks are only applicable to purchase orders and not other types of transactions. Additionally, it is important to ensure that the tolerance limits are set correctly as this can have a significant impact on the accuracy of the purchase order. 
  
  Related Information: 
  For more information on tolerance checks in SAP SRM, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed tutorials on how to use this feature.