What is trading contract consolidation in SAP LO-GT - Global Trade Management?

SAP Term: trading contract consolidation

• Component: LO-GT

• Component Name: Global Trade Management

• Description:

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• Key Concepts: 
  Trading contract consolidation is a feature of SAP's LO-GT Global Trade Management component. It allows companies to combine multiple trading contracts into one, making it easier to manage and track their trading activities. This feature also helps to reduce paperwork and administrative costs associated with managing multiple contracts. 
  
  How to use it: 
  Trading contract consolidation can be used in SAP's LO-GT Global Trade Management component by creating a consolidated trading contract. This can be done by selecting the contracts that need to be consolidated and then entering the details of the consolidated contract. Once the consolidated contract is created, it can be used to manage and track all of the trading activities associated with the contracts that were consolidated. 
  
  Tips & Tricks: 
  When creating a consolidated trading contract, it is important to ensure that all of the details of the individual contracts are accurately entered into the consolidated contract. This will help to ensure that all of the trading activities associated with the contracts are properly tracked and managed. Additionally, it is important to regularly review and update the consolidated contract as needed in order to keep it up-to-date with any changes in the individual contracts. 
  
  Related Information: 
  For more information on trading contract consolidation in SAP's LO-GT Global Trade Management component, please refer to SAP's official documentation on the topic. Additionally, there are many online resources available that provide helpful tips and tricks for using this feature effectively.