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

SAP Term: outline agreement release

• Component: MM-PUR

• Component Name: Purchasing

• Description: A document used to request from the vendor part of the total quantity or value of goods or services stipulated in an outline agreement. The release authorizes the vendor to deliver and contains data such as the quantities to be delivered and the delivery dates. &EXAMPLE& Types of release include: Release order issued against a contract Forecast delivery schedule issued against a scheduling agreement JIT delivery schedule issued against a scheduling agreement In addition to being a generic term for ordering against established longer-term purchase agreements, the term "release" is used in MM for approving planned expenditure. For example, the release of a purchase requisition gives authorization to issue RFQs or order materials.

Smart SAP Assistant

• Key Concepts: 
  Outline agreement release is a feature in SAP MM-PUR Purchasing that allows users to create a framework agreement with a vendor for the supply of goods or services over a certain period of time. This agreement is then released in stages, allowing the user to control the delivery of goods or services over time. 
  
  How to use it: 
  To use outline agreement release, users must first create an outline agreement with the vendor. This agreement should include details such as the type of goods or services being supplied, the quantity, and the delivery schedule. Once the agreement is created, it can be released in stages. Each stage will specify the quantity and delivery date for the goods or services being supplied. 
  
  Tips & Tricks: 
  When creating an outline agreement, it is important to ensure that all details are accurate and up-to-date. This will help to ensure that the release process runs smoothly and that all goods or services are delivered on time. Additionally, it is important to keep track of all releases and ensure that they are properly documented. 
  
  Related Information: 
  For more information on outline agreement release, please refer to SAP’s official documentation on MM-PUR Purchasing. Additionally, there are many online resources available that provide detailed tutorials and best practices for using this feature.