What is extended contract in SAP SD - Sales and Distribution?

SAP Term: extended contract

• Component: SD

• Component Name: Sales and Distribution

• Description: An extension to an existing customer order or contract created in Advanced Order Processing and Billing for the purpose of maintaining and tracking additional information that is not available in standard sales order processing.

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• Key Concepts: 
  An extended contract in SAP Sales and Distribution (SD) is a long-term agreement between a customer and a vendor. It is used to define the terms of a sale, such as the price, quantity, delivery date, payment terms, and other conditions. The extended contract can be used to create sales orders and delivery documents. 
  
  How to use it: 
  To create an extended contract in SAP SD, go to the Sales and Distribution module and select the Extended Contract option. Enter the customer information, product details, pricing information, payment terms, and other relevant details. Once all the information is entered, save the contract. 
  
  Tips & Tricks: 
  When creating an extended contract in SAP SD, make sure to double-check all the details before saving it. This will help ensure that all the information is accurate and up-to-date. Additionally, it is important to keep track of any changes made to the contract so that they can be easily accessed in the future. 
  
  Related Information: 
  For more information on extended contracts in SAP SD, refer to the official SAP documentation or contact your local SAP support team. Additionally, there are many online resources available that provide detailed tutorials on how to create and manage extended contracts in SAP SD.