What is outline agreement in SAP MM-PUR - Purchasing?

SAP Term: outline agreement

• Component: MM-PUR

• Component Name: Purchasing

• Description: A longer-term arrangement between a purchasing organization and a vendor for the supply of materials or provision of services over a certain period based on predefined terms and conditions. There are two types of outline purchase agreement: Contracts Scheduling agreements

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• Key Concepts: 
  An outline agreement is a long-term purchasing agreement between a vendor and a customer in SAP MM-PUR Purchasing. It is used to define the terms and conditions of a purchase, such as the quantity, price, and delivery date of goods or services. The agreement can be used for both one-time purchases and recurring purchases. 
  
  How to use it: 
  To create an outline agreement in SAP MM-PUR Purchasing, the customer must first enter the vendor information into the system. Then, they can create an outline agreement by entering the details of the purchase, such as the quantity, price, and delivery date. Once the agreement is created, it can be used for future purchases from the same vendor. 
  
  Tips & Tricks: 
  When creating an outline agreement in SAP MM-PUR Purchasing, it is important to ensure that all of the details are accurate and up-to-date. This will help to ensure that future purchases are made according to the terms of the agreement. Additionally, it is important to review the agreement periodically to ensure that it is still valid and up-to-date. 
  
  Related Information: 
  For more information on outline agreements in SAP MM-PUR Purchasing, please refer to SAP’s official documentation on the topic. Additionally, there are many online resources available that provide detailed tutorials on how to create and manage outline agreements in SAP MM-PUR Purchasing.