What is concession in SAP IS-OIL-UOM-MD - UOM Master Data?

SAP Term: concession

• Component: IS-OIL-UOM-MD

• Component Name: UOM Master Data

• Description: A legal geographical boundary in which a company has an exploration and production operating license.

Smart SAP Assistant

• Key Concepts: 
  Concession is a term used in the IS-OIL-UOM-MD UOM Master Data component of SAP. It is a type of agreement between two parties, usually a buyer and a seller, that allows the buyer to purchase goods or services at a discounted rate. The concession agreement is typically used when the buyer has limited resources or needs to purchase goods or services in bulk. 
  
  How to use it: 
  In SAP, concessions are managed through the IS-OIL-UOM-MD UOM Master Data component. This component allows users to create and manage concession agreements between buyers and sellers. Users can also view and edit existing concession agreements, as well as track the status of each agreement. 
  
  Tips & Tricks: 
  When creating a concession agreement in SAP, it is important to ensure that all relevant information is included. This includes the terms of the agreement, the duration of the agreement, and any other relevant details. Additionally, it is important to keep track of any changes that are made to the agreement over time. 
  
  Related Information: 
  For more information on concessions in SAP, please refer to the official SAP documentation on IS-OIL-UOM-MD UOM Master Data. Additionally, there are many online resources available that provide detailed information on how to use this component of SAP.