What is user budget in SAP (SRM - Supplier Relationship Management)?

SAP Term: user budget

• Component: SRM

• Component Name: Supplier Relationship Management

• Description: The amount of money that a purchaser can spend in total during a calendar period month or year using self-service procurement. If the user exceeds the user budget assigned to him by initiating a purchase, then a budget approval workflow starts for this shopping cart. It is assigned as a: Personalization object in user maintenance or Personalization object in role maintenance or An attribute in the organizational structure

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• Key Concepts: 
  User budget is a feature of SAP Supplier Relationship Management (SRM) that allows users to set and manage budgets for their suppliers. It enables users to track and monitor spending, as well as set limits on spending. This helps to ensure that the company is not overspending on its suppliers.
  
  How to use it: 
  To use user budget, users must first create a budget for each supplier. This can be done by entering the budget amount, start date, and end date. Once the budget is created, users can then assign it to the supplier. The user can then monitor the spending of the supplier against the budget and make adjustments as needed.
  
  Tips & Tricks: 
  When setting up user budgets, it is important to ensure that the budget is realistic and achievable. It is also important to review the budget regularly to ensure that it is still relevant and up-to-date. Additionally, it is important to ensure that all users have access to the user budget feature so that they can monitor their suppliers’ spending.
  
  Related Information: 
  For more information about user budgets in SAP SRM, please refer to the SAP Help Portal or contact your SAP representative. Additionally, there are many online resources available that provide tips and tricks for using user budgets in SAP SRM.