What is quota arrangement in SAP SRD-SRM-SC - SRM-Sourcing and Contracting?

SAP Term: quota arrangement

• Component: SRD-SRM-SC

• Component Name: SRM-Sourcing and Contracting

• Description: An agreement that specifies the proportion of the overall quantity of product that is to be purchased from each source of supply in a selected group.

Smart SAP Assistant

• Key Concepts: 
  Quota Arrangement is a feature of SAP SRM-Sourcing and Contracting that allows users to create and manage contracts with suppliers. It enables users to define the terms of the contract, such as the quantity of goods or services to be purchased, the price, and the delivery date. The Quota Arrangement also allows users to track the progress of the contract and monitor its performance.
  
  How to use it: 
  To use Quota Arrangement, users must first create a contract with a supplier. This can be done by entering the details of the contract into the system, such as the quantity of goods or services to be purchased, the price, and the delivery date. Once this is done, users can then track the progress of the contract and monitor its performance. They can also view any changes that have been made to the contract and make adjustments as needed.
  
  Tips & Tricks: 
  When creating a Quota Arrangement, it is important to ensure that all details are accurate and up-to-date. This will help ensure that the contract is properly managed and monitored. Additionally, it is important to review any changes that have been made to the contract before they are finalized. This will help ensure that all parties involved are in agreement with any changes that have been made.
  
  Related Information: 
  For more information on Quota Arrangement, please refer to SAP’s official documentation on SRM-Sourcing and Contracting. Additionally, there are many online resources available that provide detailed tutorials on how to use this feature.