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Which of the following data must you specify when creating a quantity contract?

Which of the following data must you specify when creating a quantity contract? For a quantity contract, you must enter the vendor, material, agreement type MK, price, purchasing organization, total quantity, and validity period. For the individual contract items, you need data on the material, quantity, and price.

What is a quantity contract?

A definite-quantity contract provides for delivery of a definite quantity of specific supplies or services for a fixed period, with deliveries or performance to be scheduled at designated locations upon order.

What is contract type in SAP SD?

There are two service contract types in the standard SAP System: Rental contract (MV) Maintenance contract (WV)

What is quality contract in SAP SD?

Definition. A quantity contract is an agreement that your customer will order a certain quantity of a product from you during a specified period. The contract contains basic quantity and price information but no schedule of specific delivery dates and quantities.

What is service contract in SAP SD?

The service contract is a sales document in Sales and Distribution (SD) and consists of an order header and one or more order items. The order header contains the assignment to the sold-to party. Contract data, a billing plan, and price agreements can also be stored in the order header.

What is VA41 in SAP?

VA41 is a transaction code in SAP SD application with the description Create Contract. On this page, you will find similar/related TCodes to VA41, Tables feeding data for this TCode, links to SAP documentation, Wiki and Help pages, discussion threads, and other resources.

How do you create a contract in SAP?

Path to Create Contract Step 1 On the SAP Menu screen, select the Create execute icon by following the above path. Step 2 Provide the name of the vendor, type of contract, purchasing organization, purchasing group, and plant along with the agreement date.

How do you create a quantity contract?

To create a quantity contract, in the Contract Type field, select Quantity Contract (CQ) and enter Organization Data, if necessary. Press Enter. When you create a quantity contract, it is necessary to: Enter the customer number of the sold-to party in the Sold-To Party field.

How do I create a SD contract in SAP?

Choose Create with reference on the initial screen. In the Sales document menu, choose Sales document Create with reference To contract. Assign an order item to a contract retrospectively. Use the automatic system to search for open outline agreements when you create an order.

What is contract order in SAP SD?

A contract is an outline agreement between you and your customer that is valid for a certain time period. The contract does not contain any schedule lines, delivery quantities, or delivery dates. The same functions are available in contracts as in orders. You can also agree on special price agreements.

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