What is reference contract commodity in SAP LO-AGR - SAP Agricultural Contract Management?

SAP Term: reference contract commodity

• Component: LO-AGR

• Component Name: SAP Agricultural Contract Management

• Description: A class type when assigned as a reference commodity, will be related to a generic material.

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• Key Concepts: 
  Reference contract commodity is a feature of the LO-AGR SAP Agricultural Contract Management component. It allows users to create a contract template that can be used as a reference for other contracts. This template can include all the necessary information such as pricing, delivery terms, and payment terms. This helps to ensure that all contracts are consistent and adhere to the same standards. 
  
  How to use it: 
  To use the reference contract commodity feature, users must first create a template contract. This template should include all the necessary information such as pricing, delivery terms, and payment terms. Once the template is created, it can be used as a reference for other contracts. When creating a new contract, users can select the reference contract commodity option and select the template they want to use as a reference. 
  
  Tips & Tricks: 
  When creating a reference contract commodity template, it is important to make sure that all the necessary information is included. This will help ensure that all contracts are consistent and adhere to the same standards. Additionally, it is important to keep the template up-to-date with any changes in pricing or other terms. 
  
  Related Information: 
  For more information on using the reference contract commodity feature in LO-AGR SAP Agricultural Contract Management, please refer to the official SAP documentation.