What is 'contract expiration' in SAP SRM-CM - SRM Category Management?

contract expiration - Overview

• Component: SRM-CM

• Component Name: SRM Category Management

• Description: An event designating a contract has reached its end date and is no longer valid.

contract expiration - Details

• 
  Key Concepts: 
  Contract expiration is a feature of SAP SRM-CM (Supplier Relationship Management - Category Management) that allows users to set an expiration date for contracts. This expiration date can be used to ensure that contracts are renewed or terminated at the appropriate time. It also helps to ensure that contracts are not extended beyond their intended duration.
  
  How to use it: 
  Contract expiration can be set up in SAP SRM-CM by entering the desired expiration date in the contract details. This expiration date can then be used to trigger notifications or other actions when the contract is about to expire. Additionally, users can set up automatic renewal of contracts if desired.
  
  Tips & Tricks: 
  When setting up contract expiration in SAP SRM-CM, it is important to ensure that the expiration date is accurate and up-to-date. This will help to ensure that contracts are not extended beyond their intended duration and that notifications are triggered at the appropriate time. Additionally, users should consider setting up automatic renewal of contracts if desired.
  
  Related Information: 
  For more information on contract expiration in SAP SRM-CM, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SRM_CM/7.0/en-US/f8d9f3c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8