Vendor is anyone providing goods or services to companies. Procurement management controls external supplier purchases. Supplier relationship management manages interactions with third-party suppliers
Document defines GM quality system requirements for automotive parts manufacturers. Certification must include both IATF 16949 and GM-Customer Specific Requirements. Organizations must comply with IATF recognized automotive certification scheme
Purchase Order (PO) is a legal document between buyer and supplier. Outlines details of goods/services, quantity, price, payment terms. Provides formal agreement and clear transaction record
RFI educates about vendor solutions, while RFQ quantifies costs, while RFP compares vendors. All three documents are used together or independently in procurement process. According to Goldspring Consulting, they help establish fair vendor selection process
Purchase order is a commercial document indicating product/service types, quantities, and prices. Used to control external supplier purchases and maintain buyer-seller transparency. Does not form contract itself, acceptance by seller creates legal relationship
SAP MM automates materials and inventory management processes. MM Stocks manages stock movements and consumption analysis. Module provides MRP planning and product management capabilities. Inventory documents can be created and tracked