What is sales contract in SAP CRM - Customer Relationship Management?

SAP Term: sales contract

• Component: CRM

• Component Name: Customer Relationship Management

• Description: An outline sales agreement that contains special conditions negotiated between the vendor and a customer, for example, price, target value or target quantity. A sales contract is valid for a specified period. A customer submits a sales order to release products from the amount agreed in the contract. Types of sales contract include value contracts and quantity contracts.

Smart SAP Assistant

• Key Concepts: 
  A sales contract in SAP CRM Customer Relationship Management is a legally binding agreement between a customer and a company. It outlines the terms and conditions of the sale, including the price, delivery date, payment terms, and any other relevant information. The contract is created in SAP CRM and stored in the system for future reference.
  
  How to use it: 
  To create a sales contract in SAP CRM, you must first create a customer record. Once the customer record is created, you can create a sales contract for that customer. You will need to enter all relevant information such as the price, delivery date, payment terms, and any other relevant information. Once the contract is created, it will be stored in the system for future reference.
  
  Tips & Tricks: 
  When creating a sales contract in SAP CRM, make sure to double-check all of the information entered to ensure accuracy. This will help to avoid any potential issues down the line. Additionally, make sure to keep all contracts up-to-date with any changes that may occur over time.
  
  Related Information: 
  For more information on creating sales contracts in SAP CRM, please refer to the official SAP documentation or contact your local SAP support team.