What is contract application in SAP LO-AGR-APP - Application and Call Off?

SAP Term: contract application

• Component: LO-AGR-APP

• Component Name: Application and Call Off

• Description: The validation of a load delivered by a counterparty to the company against a corresponding pricing trading contract agreed with the counterparty. In planned scenarios, the load is validated against a purchase order issued by the company. In unplanned scenarios, the load is either evaluated against existing contracts, evaluated against a new contract, or stored at a company location, depending on your Customizing settings.

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• Key Concepts: 
  Contract application is a component of the SAP Logistics module. It is used to manage contracts and call-off orders for goods and services. It allows users to create, maintain, and monitor contracts and call-off orders. It also provides the ability to track contract performance and analyze contract data.
  
  How to use it: 
  Contract application can be used to create contracts and call-off orders for goods and services. It allows users to define the terms of the contract, such as pricing, delivery dates, payment terms, and more. Once the contract is created, users can monitor its performance and analyze its data. They can also use it to generate reports on contract performance.
  
  Tips & Tricks: 
  When creating a contract or call-off order, it is important to ensure that all of the necessary information is included. This includes pricing, delivery dates, payment terms, and any other relevant information. Additionally, it is important to review the contract regularly to ensure that it is up-to-date and accurate.
  
  Related Information: 
  Contract application is part of the SAP Logistics module. Other components of this module include inventory management, warehouse management, transportation management, and more. Additionally, there are other SAP applications that can be used in conjunction with contract application, such as SAP Business Warehouse (BW) and SAP BusinessObjects (BO).