What is contract basis in SAP TM - Transportation Management?

SAP Term: contract basis

• Component: TM

• Component Name: Transportation Management

• Description: The contractual commitment that is made towards the carrier for a freight booking. Examples are allotment or blocked space agreement.

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• Key Concepts: 
  Contract basis is a feature of SAP Transportation Management (TM) that allows customers to create and manage contracts with carriers. It enables customers to define the terms and conditions of their contracts, such as pricing, payment terms, and service levels. This helps customers to ensure that they are getting the best value for their transportation services.
  
  How to use it: 
  Contract basis in SAP TM can be used to create and manage contracts with carriers. Customers can define the terms and conditions of their contracts, such as pricing, payment terms, and service levels. They can also set up rules for how the contracts should be managed, such as when they should be renewed or terminated. Once the contracts are created, customers can monitor their performance and make adjustments as needed.
  
  Tips & Tricks: 
  When creating contracts with carriers, it is important to ensure that all of the terms and conditions are clearly defined. This will help to ensure that both parties understand their obligations and that the contract is legally binding. Additionally, it is important to review the performance of the contracts on a regular basis in order to ensure that they are meeting the customer’s needs.
  
  Related Information: 
  For more information about contract basis in SAP TM, please refer to the official SAP documentation at https://help.sap.com/viewer/product/SAP_TM/9.0/en-US.