What is supplier phaseout in SAP SRM-EBP-CON - Contract Management?

SAP Term: supplier phaseout

• Component: SRM-EBP-CON

• Component Name: Contract Management

• Description: The process for reducing the number of suppliers in a controlled way, based on the procurement strategy or because of quality issues, for example.

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• Key Concepts: 
  Supplier phaseout is a process in SAP SRM-EBP-CON Contract Management that allows companies to discontinue their relationship with a supplier. This process involves the termination of all contracts and agreements with the supplier, as well as the removal of the supplier from the company’s list of approved vendors. 
  
  How to use it: 
  To initiate a supplier phaseout, the company must first identify the supplier that they wish to discontinue their relationship with. Once identified, the company must then terminate all contracts and agreements with the supplier, as well as remove them from their list of approved vendors. The company must also ensure that all payments due to the supplier are settled before the phaseout is complete. 
  
  Tips & Tricks: 
  It is important to ensure that all payments due to the supplier are settled before initiating a supplier phaseout. This will help to avoid any potential legal issues or disputes that may arise from unpaid invoices or other outstanding payments. Additionally, it is important to ensure that all contracts and agreements are properly terminated before initiating a supplier phaseout. 
  
  Related Information: 
  For more information on SAP SRM-EBP-CON Contract Management and supplier phaseouts, please refer to SAP’s official documentation on the topic. Additionally, there are many online resources available that provide detailed information on how to properly initiate and manage a supplier phaseout in SAP SRM-EBP-CON Contract Management.