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What are different type of outline agreements? |
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Answer» Outline agreement is of following two types.
Contract Contract is a long term outline agreement between vendor and ordering party over predefined material or services over certain framework of time. There are two types of contract Scheduling Agreement A scheduling agreement is defined as an external agreement with the customer and having details of quantity of goods and delivery dates. This information is mentioned as schedule lines In a standard system, Schedule lines can be created with the scheduling agreement or you can also create these at later stage. |
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