Master conditions in SAP are conditions that determine the effective price in the purchase order. They serve as a central repository of pricing for purchase orders. They are automatically included in the price calculation in the purchase order if the … Read More
The scheduling agreement has similarities with a quantity contract: it states the target quantity of a material to be ordered from a vendor over a period of time, and the price. For each material to be procured, you create … Read More
The purchasing info records is source of information for purchasing. It contains information on a specific material and a vendor supplying the material. For example, the vendor’s current pricing is stored in the info record. The purchasing info records referred … Read More
The request for quotation (RFQ) is an invitation to a vendor to indicate his terms and conditions (in particular, his price) for the supply of a material or the provision of a service by submitting a quotation. As in the … Read More
The Master data in SAP is used to be base data that can store all the required inform about the transaction. If someone producing, transferring stock, selling, purchasing, doing physical inventory it necessary to maintain some data that includes material … Read More
Purchasing Information Records (Info records) are maintained as Master data, just as Material and Vendor master data is maintained. Info records may be created for materials that have a material master record, and for materials that do not (Material Groups). … Read More
The application component in financial accounting is accounts payable and accounts receivables. The longevity of an organization more or less will depend on their abilities to manage the accounts payable and receivables of the organization. There is no organization … Read More