What is fixed-date purchase in SAP IS-R - SAP for Retail?

SAP Term: fixed-date purchase

• Component: IS-R

• Component Name: SAP for Retail

• Description: Retail Contract in which the dealer has the right to cancel the contract immediately in the case of a delivery delay.

Smart SAP Assistant

• Key Concepts: 
  Fixed-date purchase is a feature of the IS-R SAP for Retail component that allows retailers to purchase goods from suppliers on a fixed date. This feature helps retailers plan their purchases in advance and ensure that they have the right amount of stock on hand when needed. 
  
  How to use it: 
  To use the fixed-date purchase feature, retailers must first set up a purchase order with the supplier. The order should include the date on which the goods are to be delivered, as well as any other relevant information such as payment terms and delivery instructions. Once the order is placed, the retailer can then monitor the progress of the order and make any necessary adjustments if needed. 
  
  Tips & Tricks: 
  When setting up a fixed-date purchase order, it is important to ensure that all relevant information is included in the order. This includes payment terms, delivery instructions, and any other details that may be necessary for successful completion of the order. Additionally, it is important to keep track of any changes or updates to the order so that it can be adjusted accordingly. 
  
  Related Information: 
  The fixed-date purchase feature is part of the IS-R SAP for Retail component, which provides retailers with a comprehensive suite of tools for managing their inventory and purchasing needs. Other features of this component include inventory management, pricing management, and supplier management.