What is local procurement in SAP SRM-EBP - Enterprise Buyer?

SAP Term: local procurement

• Component: SRM-EBP

• Component Name: Enterprise Buyer

• Description: A procurement process in a corporate group that is carried out decentrally within an individual subsidiary and in which there is no major involvement of a central purchasing department.

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• Key Concepts: 
  Local procurement is a process of purchasing goods and services from local suppliers. It is a part of the SAP SRM-EBP Enterprise Buyer Professional (SRM-EBP) component, which is designed to help organizations manage their procurement processes. Local procurement enables organizations to purchase goods and services from local suppliers, which can help reduce costs and increase efficiency. 
  
  How to use it: 
  The SRM-EBP component provides a range of tools to help organizations manage their local procurement processes. These tools include the ability to search for local suppliers, create purchase orders, track orders, and manage payment processes. The SRM-EBP also provides reporting capabilities to help organizations analyze their local procurement activities. 
  
  Tips & Tricks: 
  When using the SRM-EBP for local procurement, it is important to ensure that all relevant information is accurately entered into the system. This includes supplier information, product details, and payment terms. Additionally, it is important to regularly review the system to ensure that all data is up-to-date and accurate. 
  
  Related Information: 
  The SRM-EBP component also provides access to a range of other features such as supplier management, contract management, and analytics. Additionally, the SRM-EBP can be integrated with other SAP components such as SAP Ariba and SAP Fieldglass for additional functionality.