What is value limit in SAP SRD-SRM - SRM-Supplier Relationship Management?

SAP Term: value limit

• Component: SRD-SRM

• Component Name: SRM-Supplier Relationship Management

• Description: The maximum amount that can be spent on the purchase of products within a limit item.

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• Key Concepts: 
  Value limit is a feature in SAP Supplier Relationship Management (SRM) that allows users to set a maximum value for a particular purchase order. This limit can be set for each individual purchase order, or it can be set as a global limit for all purchase orders. The value limit helps to ensure that the company does not exceed its budget when making purchases.
  
  How to use it: 
  To use the value limit feature in SAP SRM, users must first set up the global limit. This can be done by going to the “Settings” tab in the SRM application and selecting “Value Limit”. From there, users can enter the maximum value they want to set for all purchase orders. Once this is done, users can then set individual limits for each purchase order by going to the “Purchase Order” tab and selecting “Value Limit”. Here, users can enter the maximum value they want to set for each individual purchase order. 
  
  Tips & Tricks: 
  When setting up the value limit feature in SAP SRM, it is important to remember that the global limit will override any individual limits that are set. Therefore, it is important to make sure that the global limit is set at an appropriate level so that it does not prevent users from making necessary purchases. 
  
  Related Information: 
  For more information on how to use the value limit feature in SAP SRM, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SRM/7.0/en-US/f9f8d3a2b6c14e8a9f3d7c2b5f9e4d1a.html