What is a Contract in SAP, MM?
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What is a Contract in SAP, MM?
Answer
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In SAP MM, the contract is a long-term agreement that is made between the seller and ordering party for predefined material for a specific framework. Basically, there are two types of contracts.
Quantity Contract: In a quality contract, the entire value is mentioned in terms of the quantity needed to be supplied by the seller.
Value Contract: In a value contract, the entire amount that is needed to be paid by the vendor.
