What is quantity contract in SAP MM-PUR - Purchasing?

SAP Term: quantity contract

• Component: MM-PUR

• Component Name: Purchasing

• Description: A longer-term purchasing arrangement, under the terms of which the purchase of a quantity of goods or services is agreed. Criterion for the performance of a quantity contract is the agreed total quantity.

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• Key Concepts: 
  A quantity contract in SAP is a type of purchasing agreement between a vendor and a customer. It is used to purchase a specific quantity of goods or services over a certain period of time. The agreement outlines the terms and conditions of the purchase, including the price, delivery date, payment terms, and other details. 
  
  How to use it: 
  In SAP MM-PUR Purchasing, quantity contracts are created in the Purchasing Info Record (PIR). The PIR contains all the information about the vendor and the goods or services being purchased. Once the PIR is created, it can be used to create purchase orders for the specified quantity of goods or services. 
  
  Tips & Tricks: 
  When creating a quantity contract in SAP MM-PUR Purchasing, it is important to ensure that all the details are accurate and up-to-date. This will help to ensure that the purchase order is created correctly and that all parties involved are aware of the terms and conditions of the agreement. 
  
  Related Information: 
  For more information on quantity contracts in SAP MM-PUR Purchasing, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed tutorials on how to create and manage quantity contracts in SAP.