What is 'master agreement maximum' in SAP LOD-ESO - Sourcing OnDemand?

master agreement maximum - Overview

• Component: LOD-ESO

• Component Name: Sourcing OnDemand

• Description: The highest monetary value that can be represented by the master agreement.

master agreement maximum - Details

• 
  Key Concepts: 
  A master agreement maximum is a feature of SAP LOD-ESO Sourcing OnDemand that allows buyers to set a maximum amount for a master agreement. This maximum amount is the total amount that can be spent on all items within the master agreement. This feature helps buyers to control their spending and ensure that they do not exceed their budget. 
  
  How to use it: 
  To use the master agreement maximum feature, buyers must first create a master agreement in SAP LOD-ESO Sourcing OnDemand. Once the master agreement is created, buyers can set a maximum amount for the agreement. This maximum amount will be the total amount that can be spent on all items within the master agreement. 
  
  Tips & Tricks: 
  When setting a master agreement maximum, it is important to consider the total cost of all items within the agreement. This will help buyers to ensure that they do not exceed their budget and stay within their spending limits. 
  
  Related Information: 
  For more information about SAP LOD-ESO Sourcing OnDemand, please visit the official SAP website at https://www.sap.com/products/sourcing-ondemand.html.