What are different contract types? How to create a contract in SAP sy

1.	What are different contract types? How to create a contract in SAP system?
Answer» Quantity Contract − In this type of contract overall value is specified in terms of total quantity of material to be supplied by vendor. Value Contract − In this type of contract overall value is specified in terms of total amount to be paid for that material to the vendor. Contract can be created by following the below steps − Path to create Contract − Logistics ⇒ Materials Management ⇒ Purchasing ⇒ Outline Agreement ⇒ Contract ⇒ Create T-code − ME31K

What are different contract types? How to create a contract in SAP system?

Answer»

Quantity Contract − In this type of contract overall value is specified in terms of total quantity of material to be supplied by vendor.

Value Contract − In this type of contract overall value is specified in terms of total amount to be paid for that material to the vendor.

Contract can be created by following the below steps −

Path to create Contract −
Logistics ⇒ Materials Management ⇒ Purchasing ⇒ Outline Agreement ⇒ Contract ⇒ Create
T-code − ME31K