What is standard scheduling agreement in SAP ICM - Incentive and Commission Management (ICM)?

SAP Term: standard scheduling agreement

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management The total of all the agreed scheduling rules that are assigned to the standard commission contract.The standard scheduling agreement uses the standard commission contract to determine how settlements are made to the entitled person. Example Advance disbursement on several dates over a short period of time.

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• Key Concepts: 
  A Standard Scheduling Agreement is a contract between a customer and a vendor in SAP ICM Incentive and Commission Management (ICM). It defines the terms of the agreement, such as the payment terms, delivery dates, and other conditions. The agreement also specifies the incentives and commissions that will be paid to the vendor for meeting certain criteria.
  
  How to use it: 
  To create a Standard Scheduling Agreement in SAP ICM, you must first define the terms of the agreement. This includes setting up payment terms, delivery dates, and other conditions. Once these are set up, you can then define the incentives and commissions that will be paid to the vendor for meeting certain criteria. Finally, you can save the agreement and activate it so that it can be used in transactions.
  
  Tips & Tricks: 
  When creating a Standard Scheduling Agreement in SAP ICM, it is important to ensure that all of the terms are clearly defined. This will help to ensure that both parties understand their obligations under the agreement. Additionally, it is important to review the agreement periodically to ensure that all of the terms are still valid.
  
  Related Information: 
  For more information on Standard Scheduling Agreements in SAP ICM, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed information on how to create and manage Standard Scheduling Agreements in SAP ICM.