What is contract hierarchy in SAP SRM-EBP-CON - Contract Management?

SAP Term: contract hierarchy

• Component: SRM-EBP-CON

• Component Name: Contract Management

• Description: A function that enables users authorized to create a purchasing contract to define relationships between super- and subordinate contracts. A contract hierarchy consists of one or multiple contracts and is subject to the following rules: The top node of the hierarchy cannot have a superordinate contract Every contract except for the top node has exactly one superordinate contract Every contract can have none, one, or multiple subordinate contracts A contract can be part of no hierarchy or exactly one hierarchy

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• Key Concepts: 
  Contract hierarchy is a feature of SAP SRM-EBP-CON Contract Management that allows users to create and manage a hierarchical structure of contracts. This structure can be used to organize contracts into categories, such as supplier, product, or service type. It also allows users to easily view the relationships between different contracts and their associated data.
  
  How to use it: 
  To create a contract hierarchy, users must first define the root node of the hierarchy. This is done by creating a contract with the desired attributes and assigning it as the root node. From there, users can create additional contracts and assign them as child nodes of the root node. This process can be repeated until the desired hierarchy is created. Once the hierarchy is created, users can view and manage the contracts within it.
  
  Tips & Tricks: 
  When creating a contract hierarchy, it is important to consider how the different contracts will be related to each other. This will help ensure that the hierarchy is organized in a way that makes sense and is easy to navigate. Additionally, it is important to keep in mind that any changes made to one contract in the hierarchy will affect all other contracts in the same hierarchy.
  
  Related Information: 
  For more information on contract hierarchies in SAP SRM-EBP-CON Contract Management, please refer to SAP's official documentation on the topic. Additionally, there are many online resources available that provide tutorials and tips for using this feature.