Common use of Quantity Contract Clause in Contracts

Quantity Contract. Contract to fix a qty of material to bepurchased from the vendors for the month, for the quarter or for the year b. Value Contract: Contract to fix a value of material to be purchasedform the vendors for the month, for the quarter or for the year2). Schedule Agreement : Agreement to specify delivery date/schedule forordered qty of materialFor Eg;ABC Company can give us only 50000 Nos. of Pen for the month, for thequarter or for the year (Qty. Contract)ABC Company can give us only Pen for Rs. 100000/- for the month, for thequarter or for the year (Value Contract)We need 10000 Nos. (As per one P.O. on 04.12.2014) of Pens as per followingdelivery schedule; (Schedule Agreement).on 05.12.2014 - 5000 Nos.on 10.12.2014 - 5000 Nos.Please reply if satisfied with the answer.Regards,▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Dear ▇▇▇▇,Definitely.However question was on elementary thing hence I have refrained from ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ are definitely right.Regards,CNT Hi ▇▇▇▇▇▇▇▇▇▇,You answer is very crisp and easy to understand, Thank You.I would like to add few more points with regard to inforecord.Yes the InfoRecord is an information about a particular material and vendorcombination. 1) The main purpose of inforecord is to copy the data from inforecord toother purchasing documents like, RFQ, PO and Outlineagreements so that this saves data entry time.2) Inforecord can be created manually using ME11 transaction or can beautomatically created while entering Quotation or PO or Outlineagreementsusing INFOUPDATE option.3) InForecord can be created with or without material master and with orwith out plant.4) Types of Inforecords:StandardPipelineConsignmentSubcontract.Outline agreement:▇▇▇▇▇▇▇▇▇▇ has already explained beautifully thanks once again.Hope my answer is useful.Thank ▇▇▇▇▇▇▇▇▇ Dear ▇▇▇▇▇▇,Thank you very much for adding information, I will keep this in my mind ▇▇▇▇▇▇▇▇.▇▇▇ can you help in the following error..?*Posting Period 012 - 2014 is not open*Regards,▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Hello,Could you please open your sap books to post the entries FI-related posting pls go to t ob52and MM related posting please go to mmpvRegards,▇▇▇▇▇▇▇ Hi ▇▇▇▇,Greetings...Go To MMPV transaction give period as 12/2014,It will close 11/2014 and open for current period.After doing this you can verify the current posting period in transactionMMRV.Please try and let me know in case of any issues.▇▇▇▇▇▇. If you create a purchase requisition manually in SAP S/4HANA and the system determines several valid equivalent sources of supply, you must select the appropriate source manually from a list. If the system is to make this selection on its own, you can additionally use the source list. The source list is a register of sources of supply for a material in a certain plant. Each source list record contains a validity period, a source of supply, and parameters that control the source of supply during this period. One of these parameters is used to define a source as your preferred source of supply. The source list also performs other functions that we will examine in this section. The two figures below show the structure of a source list—once with the Manage Source Lists app and once with the SAP GUI transaction, Transaction ME01. For each material and plant, the source list contains a list of sources of supply that have certain characteristics within a certain validity period. A source of supply is identified in the source list as follows: By the vendor number only: In this case, the source of supply is an info record. Although the number of the info record is not visible in the source list, it is unique based on the material number and the vendor number. By the vendor number, outline agreement number, and item: In this case, the source of supply is a scheduling agreement or a contract. If another plant is a possible source of supply (stock transfer), enter the plant number in the PPl field of the SAP GUI transaction or in the Procurement Plant field of the SAP Fiori app and do not enter a vendor number or outline agreement item number. The plant is only determined as the source of supply for a purchase requisition item with item type U (stock transfer). For purchase requisitions that are created by the planning run, the materials require a corresponding special procurement type in the MRP data of the material master record. Here are the options that the source list offers for managing sources of supply: Fix a source of supply for source determination: You can use the Fixed status in the SAP Fiori app or the Fix checkbox in the SAP GUI transaction to define a source of supply as the preferred source of supply for automatic sourcing for a certain period. This fixed source of supply is then always selected automatically, unless you have maintained a quota arrangement for the material (see the source determination logic described previously) and except during the MRP run. At any given time, only one source of the same category (e.g., an info record or an outline agreement item) can be marked as fixed. If you mark both an info record and an outline agreement item as fixed for the same period, the system will select the outline agreement item. Block a source of supply: The Blocked status in the SAP Fiori app or the Blk checkbox in the SAP GUI transaction allows you to block a source of supply for a certain period. If you block a source of supply, you cannot use the info record or outline agreement item in source determination, and you can create neither a purchase order nor a requisition using this supply source in this period. Set a source of supply to relevant for MRP or not: You can use the Materials Planning field in the SAP Fiori app or the MRP checkbox in the SAP GUI transaction to override the source determination logic during the planning run. If you set the indicator to 1 for a source of supply, this source of supply is selected during the MRP run and assigned to a purchase requisition. If a source of supply is a scheduling agreement item, you can set the indicator to 2, then the MRP run will create schedule lines for this scheduling agreement. In the Manage Source Lists app, indicators or checkboxes are replaced by two dropdown fields. You can use the Status field to lock a source of supply or define it as fixed. You use the Materials Planning field to specify whether the source of supply is not relevant to MRP, whether it is to be assigned to purchase requisitions generated via MRP (corresponds to indicator 1), or whether schedule lines are to be generated via MRP (corresponds to indicator 2 and is only useful for scheduling agreements). The figure below

Quantity Contract. Contract to fix a qty of material to bepurchased from the vendors for the month, for the quarter or for the year b. Value Contract: Contract to fix a value of material to be purchasedform the vendors for the month, for the quarter or for the year2). Schedule Agreement : Agreement to specify delivery date/schedule forordered qty of materialFor Eg;ABC Company can give us only 50000 Nos. of Pen for the month, for thequarter or for the year (Qty. Contract)ABC Company can give us only Pen for Rs. 100000/- for the month, for thequarter or for the year (Value Contract)We need 10000 Nos. (As per one P.O. on 04.12.2014) of Pens as per followingdelivery schedule; (Schedule Agreement).on 05.12.2014 - 5000 Nos.on 10.12.2014 - 5000 Nos.Please reply if satisfied with the answer.Regards,▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Dear ▇▇▇▇,Definitely.However question was on elementary thing hence I have refrained from ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ are definitely right.Regards,CNT Hi ▇▇▇▇▇▇▇▇▇▇,You answer is very crisp and easy to understand, Thank You.I would like to add few more points with regard to inforecord.Yes the InfoRecord is an information about a particular material and vendorcombination. 1) The main purpose of inforecord is to copy the data from inforecord toother purchasing documents like, RFQ, PO and Outlineagreements so that this saves data entry time.2) Inforecord can be created manually using ME11 transaction or can beautomatically created while entering Quotation or PO or Outlineagreementsusing INFOUPDATE option.3) InForecord can be created with or without material master and with orwith out plant.4) Types of Inforecords:StandardPipelineConsignmentSubcontract.Outline agreement:▇▇▇▇▇▇▇▇▇▇ has already explained beautifully thanks once again.Hope my answer is useful.Thank ▇▇▇▇▇▇▇▇▇ Dear ▇▇▇▇▇▇,Thank you very much for adding information, I will keep this in my mind ▇▇▇▇▇▇▇▇.▇▇▇ can you help in the following error..?*Posting Period 012 - 2014 is not open*Regards,▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Hello,Could you please open your sap books to post the entries FI-related posting pls go to t ob52and MM related posting please go to mmpvRegards,▇▇▇▇▇▇▇ Hi ▇▇▇▇,Greetings...Go To MMPV transaction give period as 12/2014,It will close 11/2014 and open for current period.After doing this you can verify the current posting period in transactionMMRV.Please try and let me know in case of any issues.▇▇▇▇▇▇. If you create Purchasing inforecords are used to record purchasing information on materials and vendors. The following data can be accessed for material costing purposes:Prices from the info recordPrices from the last purchase order entered in the info recordConditions from the info recordConditions from the last purchase order entered in the info recordWhat do the prices represent? Gross price is calculated from all of the active conditions with condition category H ‘Basic price’Net price = Gross price - discount + purchasing overheadEffective price = Net price - cash discount + delivery costsIn Costing only inforecords with category Standard and Subcontracting can be used!! Valuation strategy 'L' Price from Purchasing Inforecord In transaction OKK4 ‘Define valuation variant’ there are 3 tabs where the strategy ‘L’ ‘Price from purchasing info record‘ can be selected: - Material valuation- Subcontracting- External Processing You can then specify up to three substrategies in a purchase requisition manually in SAP S/4HANA and the system determines several valid equivalent sources of supply, you must select the appropriate source manually purchasing info record valuation to search for a price.- Prices from a list. If the system is to make this selection on its own, you can additionally use the source list. The source list is a register of sources of supply for a material in a certain plant. Each source list record contains a validity period, a source of supply, and parameters that control the source of supply during this period. One of these parameters is used to define a source as your preferred source of supply. The source list also performs other functions that we will examine in this section. The two figures below show the structure of a source list—once with the Manage Source Lists app and once with the SAP GUI transaction, Transaction ME01. For each material and plant, the source list contains a list of sources of supply that have certain characteristics within a certain validity period. A source of supply is identified quotation (strategy 2-5): System takes conditions which are in the source list as follows: By the vendor number only: In this case, the source of supply is an purchasing info record. Although the number : The conditions of the info record are updated, if an offer exists in which the flag “InfoUpdate“ is not visible in the source list, it is unique based on the material number and the vendor number. By the vendor number, outline agreement number, and item: In this case, the source of supply is a scheduling agreement or a contract. If another plant is a possible source of supply (stock transfer), enter the plant number in the PPl field of the SAP GUI transaction or in the Procurement Plant field of the SAP Fiori app and do not enter a vendor number or outline agreement item numberset. The plant is only determined as conditions are then written from the source of supply for a purchase requisition item with item type U (stock transfer). For purchase requisitions that are created by quotation into the planning run, the materials require a corresponding special procurement type in the MRP data of the material master record. Here are the options that the source list offers for managing sources of supply: Fix a source of supply for source determination: You can use the Fixed status in the SAP Fiori app or the Fix checkbox in the SAP GUI transaction to define a source of supply as the preferred source of supply for automatic sourcing for a certain period. This fixed source of supply is then always selected automatically, unless you have maintained a quota arrangement for the material (see the source determination logic described previously) and except during the MRP run. At any given time, only one source of the same category (e.g., an info record or an outline agreement item) can be marked as fixed. If you mark both an purchasing info record and an outline agreement item as fixed for the same period, the system will select the outline agreement itemcan be read there. Block a source of supply: The Blocked status in the SAP Fiori app or the Blk checkbox in the SAP GUI transaction allows you to block a source of supply for a certain period. If you block a source of supply, you cannot use the info record or outline agreement item in source determination, and you can create neither - Prices Prices from a purchase order nor a requisition using this supply source in this period. Set a source of supply to relevant (strategies 6-9) The system searches for MRP the last document (purchase order or not: You can use the Materials Planning field scheduling agreement), which has been defined in the SAP Fiori app or purchasing info record. This is updated if the MRP checkbox “InfoUpdated“ indicator is set in the SAP GUI transaction to override the source determination logic during the planning run. If you set the indicator to 1 for a source of supply, this source of supply is selected during the MRP run and assigned to a purchase requisition. If a source of supply is a scheduling agreement item, you can set the indicator to 2, then the MRP run will create schedule lines for this order or scheduling agreement. In the Manage Source Lists app, indicators or checkboxes are replaced by two dropdown fields. You can use the Status field to lock a source of supply or define it as fixed. You use the Materials Planning field to specify whether the source of supply is not relevant to MRP, whether it is to be assigned to purchase requisitions generated via MRP (corresponds to indicator 1), or whether schedule lines are to be generated via MRP (corresponds to indicator 2 and is only useful for scheduling agreements). The figure below.

Quantity Contract. Contract to fix a qty of material to bepurchased from the vendors for the month, for the quarter or for the year b. Value Contract: Contract to fix a value of material to be purchasedform the vendors for the month, for the quarter or for the year2). Schedule Agreement : Agreement to specify delivery date/schedule forordered qty of materialFor Eg;ABC Company can give us only 50000 Nos. of Pen for the month, for thequarter or for the year (Qty. Contract)ABC Company can give us only Pen for Rs. 100000/- for the month, for thequarter or for the year (Value Contract)We need 10000 Nos. (As per one P.O. on 04.12.2014) of Pens as per followingdelivery schedule; (Schedule Agreement).on 05.12.2014 - 5000 Nos.on 10.12.2014 - 5000 Nos.Please reply if satisfied with the answer.Regards,▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Dear ▇▇▇▇,Definitely.However question was on elementary thing hence I have refrained from ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ are definitely right.Regards,CNT Hi ▇▇▇▇▇▇▇▇▇▇,You answer is very crisp and easy to understand, Thank You.I would like to add few more points with regard to inforecord.Yes the InfoRecord is an information about a particular material and vendorcombination. 1) The main purpose of inforecord is to copy the data from inforecord toother purchasing documents like, RFQ, PO and Outlineagreements so that this saves data entry time.2) Inforecord can be created manually using ME11 transaction or can beautomatically created while entering Quotation or PO or Outlineagreementsusing INFOUPDATE option.3) InForecord can be created with or without material master and with orwith out plant.4) Types of Inforecords:StandardPipelineConsignmentSubcontract.Outline agreement:▇▇▇▇▇▇▇▇▇▇ has already explained beautifully thanks once again.Hope my answer is useful.Thank ▇▇▇▇▇▇▇▇▇ Dear ▇▇▇▇▇▇,Thank you very much for adding information, I will keep this in my mind ▇▇▇▇▇▇▇▇.▇▇▇ can you help in the following error..?*Posting Period 012 - 2014 is not open*Regards,▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Hello,Could you please open your sap books to post the entries FI-related posting pls go to t ob52and MM related posting please go to mmpvRegards,▇▇▇▇▇▇▇ Hi ▇▇▇▇,Greetings...Go To MMPV transaction give period as 12/2014,It will close 11/2014 and open for current period.After doing this you can verify the current posting period in transactionMMRV.Please try and let me know in case of any issues.▇▇▇▇▇▇. If you create a purchase requisition manually in SAP S/4HANA and the system determines several valid equivalent sources of supply, you must select the appropriate source manually from a list. If the system is to make this selection on its own, you can additionally use the source list. The source list is a register of sources of supply for a material in a certain plant. Each source list record contains a validity period, a source of supply, and parameters that control the source of supply during this period. One of these parameters is used to define a source as your preferred source of supply. The source list also performs other functions that we will examine in this section. The two figures below show the structure of a source list—once with the Manage Source Lists app and once with the SAP GUI transaction, Transaction ME01. For each material and plant, the source list contains a list of sources of supply that have certain characteristics within a certain validity period. A source of supply is identified in the source list as follows: By the vendor number only: In this case, the source of supply is an info record. Although the number of the info record is not visible in the source list, it is unique based on the material number and the vendor number. By the vendor number, outline agreement number, and item: In this case, the source of supply is a scheduling agreement or a contract. If another plant is a possible source of supply (stock transfer), enter the plant number in the PPl field of the SAP GUI transaction or in the Procurement Plant field of the SAP Fiori app and do not enter a vendor number or outline agreement item number. The plant is only determined as the source of supply for a purchase requisition item with item type U (stock transfer). For purchase requisitions that are created by the planning run, the materials require a corresponding special procurement type in the MRP data of the material master record. Here are the options that the source list offers for managing sources of supply: Fix a source of supply for source determination: You can use the Fixed status in the SAP Fiori app or the Fix checkbox in the SAP GUI transaction to define a source of supply as the preferred source of supply for automatic sourcing for a certain period. This fixed source of supply is then always selected automatically, unless you have maintained a quota arrangement for the material (see the source determination logic described previously) and except during the MRP run. At any given time, only one source of the same category (e.g., an info record or an outline agreement item) can be marked as fixed. If you mark both an info record and an outline agreement item as fixed for the same period, the system will select the outline agreement item. Block a source of supply: The Blocked status in the SAP Fiori app or the Blk checkbox in the SAP GUI transaction allows you to block a source of supply for a certain period. If you block a source of supply, you cannot use the info record or outline agreement item in source determination, and you can create neither a purchase order nor a requisition using this supply source in this period. Set a source of supply to relevant for MRP or not: You can use the Materials Planning field in the SAP Fiori app or the MRP checkbox in the SAP GUI transaction to override the source determination logic during the planning run. If you set the indicator to 1 for a source of supply, this source of supply is selected during the MRP run and assigned to a purchase requisition. If a source of supply is a scheduling agreement item, you can set the indicator to 2, then the MRP run will create schedule lines for this scheduling agreement. In the Manage Source Lists app, indicators or checkboxes are replaced by two dropdown fields. You can use the Status field to lock a source of supply or define it as fixed. You use the Materials Planning field to specify whether the source of supply is not relevant to MRP, whether it is to be assigned to purchase requisitions generated via MRP (corresponds to indicator 1), or whether schedule lines are to be generated via MRP (corresponds to indicator 2 and is only useful for scheduling agreements). The figure below.