What is contract creation in SAP LOD-ESO - Sourcing OnDemand?

SAP Term: contract creation

• Component: LOD-ESO

• Component Name: Sourcing OnDemand

• Description: The process of creating a legal contract document.

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• Key Concepts: 
  Contract Creation is a feature of SAP LOD-ESO Sourcing OnDemand that allows users to create contracts for goods and services. It enables users to define the terms and conditions of the contract, including pricing, payment terms, delivery terms, and more. The contracts can then be used to manage the procurement process. 
  
  How to use it: 
  Contract Creation in SAP LOD-ESO Sourcing OnDemand is easy to use. First, users must define the contract terms and conditions. This includes setting the pricing, payment terms, delivery terms, and any other relevant information. Once the contract is created, it can be used to manage the procurement process. The contract can be used to track orders, invoices, payments, and more. 
  
  Tips & Tricks: 
  When creating a contract in SAP LOD-ESO Sourcing OnDemand, it is important to ensure that all of the relevant information is included. This includes pricing, payment terms, delivery terms, and any other relevant information. Additionally, it is important to review the contract before submitting it for approval. This will help ensure that all of the details are correct and that there are no errors or omissions. 
  
  Related Information: 
  For more information about Contract Creation in SAP LOD-ESO Sourcing OnDemand, please refer to the official documentation on the SAP website. Additionally, there are many online resources available that provide helpful tips and tricks for using this feature.