A contract is a longer-term agreement with a vendor (one of the two forms of “outline agreement” in the SAP system) to supply a material or provide a service for a certain period of
time. A number of different terms may be used for this concept in purchasing literature, including “blanket order”, “blanket contract”, “systems contract” and “period contract”.
The contract in sap does not contain specific delivery dates or the individual delivery quantities. These are specified subsequently in release orders issued against the contract.
Contract types
When creating a contract, you can choose between the following contract types:
Value : The contract is regarded as fulfilled when release orders totaling a given value have been issued. Use this contract type in sap when the total value of all release orders should not exceed a certain amount.
Quantity: The contract is regarded as fulfilled when release orders totaling a given quantity
have been issued. Use this contract type when the total quantity to order over the duration of the contract is known.
Ways of creating contracts,
You can create a contract in one of the following ways:
1) Manually, You enter all the contract data manually.
2) By using the referencing technique, You can create a contract by referencing purchase requisitions RFQs/quotations other contracts
You can also mix the two methods: you can create a contract by referencing an existing one, and then change or enter some items manually.
The SD Master Contract Structure and How its Configured?
A Master contract consists of other contracts that are grouped as lower level contracts. Thus, that the master contract has the general data that is relevant for all the levels of contracts over the specific period of time. The main contracts are grouped in order to ensure that all the data in the lower level contracts remain consistent and that terms granted in the master
contract are copied into all lower level contracts.
Contracts are agreements between the two parties like Customer and Vendor to supply materials/services for a specific price between a fixed period of time. Most possible
types of contracts exists based on the types of contracts. For example, there are different contracts like maintenance contracts, service contracts, quantity contracts, value contracts
all of which we will be discussing over the course of this article.
The bottom line however remains the same – A contract is an agreement between the Customer and vendor to supply goods/materials/services of specific quantity/value for a specific price over a specified period. Let’s discuss the different types of contracts
More Details: Sap online training, Sap Online Tutorials, Sap training in Chennai, Sap training in Bangalore.
time. A number of different terms may be used for this concept in purchasing literature, including “blanket order”, “blanket contract”, “systems contract” and “period contract”.
The contract in sap does not contain specific delivery dates or the individual delivery quantities. These are specified subsequently in release orders issued against the contract.
Contract types
When creating a contract, you can choose between the following contract types:
Value : The contract is regarded as fulfilled when release orders totaling a given value have been issued. Use this contract type in sap when the total value of all release orders should not exceed a certain amount.
Quantity: The contract is regarded as fulfilled when release orders totaling a given quantity
have been issued. Use this contract type when the total quantity to order over the duration of the contract is known.
Ways of creating contracts,
You can create a contract in one of the following ways:
1) Manually, You enter all the contract data manually.
2) By using the referencing technique, You can create a contract by referencing purchase requisitions RFQs/quotations other contracts
You can also mix the two methods: you can create a contract by referencing an existing one, and then change or enter some items manually.
The SD Master Contract Structure and How its Configured?
A Master contract consists of other contracts that are grouped as lower level contracts. Thus, that the master contract has the general data that is relevant for all the levels of contracts over the specific period of time. The main contracts are grouped in order to ensure that all the data in the lower level contracts remain consistent and that terms granted in the master
contract are copied into all lower level contracts.
Contracts are agreements between the two parties like Customer and Vendor to supply materials/services for a specific price between a fixed period of time. Most possible
types of contracts exists based on the types of contracts. For example, there are different contracts like maintenance contracts, service contracts, quantity contracts, value contracts
all of which we will be discussing over the course of this article.
The bottom line however remains the same – A contract is an agreement between the Customer and vendor to supply goods/materials/services of specific quantity/value for a specific price over a specified period. Let’s discuss the different types of contracts
More Details: Sap online training, Sap Online Tutorials, Sap training in Chennai, Sap training in Bangalore.
No comments:
Post a Comment