term management services what is
Meaning of External Services Management. What is it: and acceptance cycle for the procurement of.

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Definition External Services Management

EXTERNAL SERVICES MANAGEMENT title: External Services Management (MM-SRV) (SAP Library - Glossary)
EXTERNAL SERVICES MANAGEMENT category: External Services (MM-SRV)
EXTERNAL SERVICES MANAGEMENT explained:

A program that supports the entire bid invitation, award, and acceptance cycle for the procurement of externally performed services.

The program offers a service master file in which you can store descriptions of all the services that are to be procured. A separate set of specifications is created for each specific procurement project. When creating such specifications, you do not need to enter each individual service or item of work. Instead, these are copied from the master data. The use of this referencing technique means that data only has to be entered once - the manual entry effort is thus reduced to a minimum.

MM External Services Management is fully integrated in Purchasing. This means that service specifications are created within the purchasing documents "request for quotation" (RFQ), "purchase order" (PO), or "contract."

You can either enter precise service descriptions or set value limits up to which unplanned services can be entered. After the services have been performed, they are recorded using service entry sheets that show exact quantities and values. The service entry sheet then constitutes the basis for the invoice verification process for externally performed services.

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