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2021 4.1 Satisfied (54 Votes)
2013 4.4 Satisfied (25 Votes)
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What is a vendor profile? A vendor profile is a reference document used by sourcing professionals to catalog important vendor information. Procurement professionals issue the questionnaire and vendors complete it. Think of these profiles as a digital and detailed rolodex entry.
LFA1 is the general view of the vendors accounting data. LFB1 is the company code specific view of the vendors master data. There is also LFM1 for example, the purchasing views, etc.
LFM1 (Vendor master record purchasing organization data) is a standard table in SAP R\3 ERP systems. Below you can find the technical details of the fields that make up this table. Key fields are marked in blue.
Navigate to the Vendor Manager page. Locate the vendor in one of the following ways: Using View: Select a filtering option from this list. Using the Search Area: Search using options in the Search area (click here for Search information).
Creating a Vendor Click Master Data, and then click Vendors. Click New, and then enter the Vendor name. On the Edit Vendor tab, enter the Taxes, enter the Vendor Group, and then enter the Currency that the vendor uses.
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Vendor forms contain contact and operations details that get added to a procurement system. This information simplifies supply and material acquisitions by ensuring that purchasing agents have the relevant data they need to do their jobs.
Vendor Tables are smaller in size (4 x 6) and are intended for smaller businesses that sell manufactured goods (ex: t-shirts, souvenirs, plushies, wholesale items, independent distributors).
LFA1 table stores (Vendor Master (General Section)) data. These include common vendor data, such as account number, address, country code, tax identification number, contact details, etc. Thus, the LFA1 table serves as the foundation of the master data and ensures unified information access across different modules.

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