What is multiple sourcing in SAP SRD-TRL - GLO-Translation?

SAP Term: multiple sourcing

• Component: SRD-TRL

• Component Name: GLO-Translation

• Description: A sourcing strategy where there are multiple suppliers for the product category and many are being used, which improves a company’s ability to negotiate prices for example.

Smart SAP Assistant

• Key Concepts: 
  Multiple sourcing is a feature of SAP software that allows users to source materials from multiple vendors. This feature allows users to compare prices and quality of materials from different vendors, and select the best option for their needs. It also helps to reduce costs and improve efficiency.
  
  How to use it: 
  To use multiple sourcing in SAP, users must first create a vendor list. This list should include all potential vendors that could provide the materials needed. Once the list is created, users can compare prices and quality of materials from each vendor and select the best option for their needs. 
  
  Tips & Tricks: 
  When creating a vendor list, it is important to include as many potential vendors as possible. This will ensure that users have the most options available when selecting materials. Additionally, it is important to compare prices and quality of materials from each vendor before making a selection. 
  
  Related Information: 
  The SRD-TRL GLO-Translation component of SAP software is used to translate documents into different languages. This component can be used in conjunction with multiple sourcing to ensure that all vendors understand the requirements of the project. Additionally, this component can be used to communicate with vendors in their native language, which can help to improve communication and reduce misunderstandings.