What is global outline agreement in SAP SRM-EBP-CON - Contract Management?

SAP Term: global outline agreement

• Component: SRM-EBP-CON

• Component Name: Contract Management

• Description: An umbrella agreement negotiated by a purchasing organization for an entire corporate group. The data contained within the global outline agreement is distributed as purchasing contracts or scheduling agreements to the backend systems of the release-authorized purchasing organizations of the relevant corporate group. These purchasing organizations can then use the purchasing contracts or scheduling agreements according to the terms agreed centrally within the global outline agreement.

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• Key Concepts: 
  Global Outline Agreement (GOA) is a type of contract in SAP SRM-EBP-CON Contract Management that allows a company to purchase goods or services from a vendor over a period of time. It is a long-term agreement that outlines the terms and conditions of the purchase, such as the price, quantity, delivery date, and payment terms. The GOA also includes clauses that protect both parties in case of any disputes. 
  
  How to use it: 
  To create a GOA in SAP SRM-EBP-CON Contract Management, the user must first enter the vendor information and the details of the goods or services to be purchased. The user then enters the terms and conditions of the agreement, such as the price, quantity, delivery date, and payment terms. Once all the information is entered, the user can save the GOA and it will be available for future use. 
  
  Tips & Tricks: 
  When creating a GOA in SAP SRM-EBP-CON Contract Management, it is important to ensure that all the details are accurate and up-to-date. It is also important to review all clauses in the agreement to ensure that both parties are protected in case of any disputes. 
  
  Related Information: 
  For more information on Global Outline Agreements in SAP SRM-EBP-CON Contract Management, please refer to SAP Help documentation or contact your local SAP support team.