What is limit confirmation in SAP SRM-EBP-CON - Contract Management?

SAP Term: limit confirmation

• Component: SRM-EBP-CON

• Component Name: Contract Management

• Description: A confirmation that is created against a limit order.

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• Key Concepts: 
  Limit Confirmation is a feature in SAP SRM-EBP-CON Contract Management that allows users to set limits on the amount of goods or services that can be purchased from a supplier. This feature helps to ensure that the supplier does not exceed the agreed upon limits and helps to prevent overspending. 
  
  How to use it: 
  To use Limit Confirmation, users must first create a limit for the supplier in the system. This limit can be set for a specific period of time or for an unlimited period. Once the limit is set, users can then confirm any purchase orders that exceed the limit. The system will then alert the user if the purchase order exceeds the limit and will require confirmation before it is processed. 
  
  Tips & Tricks: 
  It is important to keep track of all limits set in the system and to regularly review them to ensure they are up-to-date. Additionally, it is important to ensure that all purchase orders are confirmed before they are processed, as this will help to prevent overspending. 
  
  Related Information: 
  For more information on Limit Confirmation, please refer to SAP’s documentation on SRM-EBP-CON Contract Management. Additionally, there are many online resources available that provide tips and tricks for using Limit Confirmation in SAP SRM-EBP-CON Contract Management.