What is Quota Arrangements in SAP SRD-SRM-SC - SRM-Sourcing and Contracting?

SAP Term: Quota Arrangements

• Component: SRD-SRM-SC

• Component Name: SRM-Sourcing and Contracting

• Description: A work center view that enables you to distribute the overall quantity to be purchased over contracts that have been assigned to a product as source of supply. You can define the distribution and the period for which the quota arrangement is valid.

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• Key Concepts: 
  Quota Arrangements are a feature of SAP SRM-Sourcing and Contracting that allow buyers to set up a predetermined number of contracts for a specific supplier. This helps buyers to manage their supplier relationships and ensure that they are getting the best value for their money. The quota arrangement also allows buyers to set up a framework for future negotiations with suppliers. 
  
  How to use it: 
  To set up a Quota Arrangement in SAP SRM-Sourcing and Contracting, buyers must first define the parameters of the arrangement. This includes setting the number of contracts, the duration of the arrangement, and any other conditions that must be met. Once these parameters have been defined, buyers can then create the Quota Arrangement in SAP SRM-Sourcing and Contracting. 
  
  Tips & Tricks: 
  When setting up a Quota Arrangement in SAP SRM-Sourcing and Contracting, it is important to ensure that all parameters are clearly defined. This will help to ensure that the arrangement is successful and that buyers are getting the best value for their money. Additionally, it is important to review the Quota Arrangement periodically to ensure that it is still meeting the buyer’s needs. 
  
  Related Information: 
  For more information on Quota Arrangements in SAP SRM-Sourcing and Contracting, please refer to the official SAP documentation. Additionally, there are many online resources available that provide tips and tricks for setting up and managing Quota Arrangements in SAP SRM-Sourcing and Contracting.