What is group agreement in SAP FS-QUO - SAP Quotation Management?

SAP Term: group agreement

• Component: FS-QUO

• Component Name: SAP Quotation Management

• Description: The combination of the master policy and all of the member policies of a group quote.

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  Key Concepts: 
  Group agreement is a feature of SAP Quotation Management (FS-QUO) that allows customers to create and manage agreements with multiple vendors. It enables customers to negotiate better terms and conditions with vendors, as well as to track and monitor the performance of vendors. Group agreements also allow customers to manage their relationships with vendors more effectively. 
  
  How to use it: 
  Group agreements can be created in SAP Quotation Management (FS-QUO) by selecting the “Create Group Agreement” option from the menu. The customer can then enter the details of the agreement, such as the vendor name, terms and conditions, and any other relevant information. Once the agreement is created, it can be managed by selecting the “Manage Group Agreement” option from the menu. This will allow customers to view and edit the agreement, as well as to track and monitor vendor performance. 
  
  Tips & Tricks: 
  When creating a group agreement in SAP Quotation Management (FS-QUO), it is important to ensure that all relevant information is included in the agreement. This includes details such as payment terms, delivery dates, and any other relevant information that may be necessary for managing the relationship with vendors. Additionally, it is important to review and update group agreements regularly in order to ensure that they remain up-to-date and accurate. 
  
  Related Information: 
  For more information on group agreements in SAP