The delivery plan is a long-term sales contract with the supplier in which a supplier is required to supply material on specified terms. information on the delivery date and quantity communicated to the supplier in the form of the delivery plan. A framework contract is a long-term sales contract with a seller that contains conditions for the material to be delivered by the seller. The main points to consider during a framework agreement are the following The Purchasing component helps you identify potential sources of supply based on orders placed and existing longer-term sales contracts. This speeds up the process of developing Requests for Tenders (RFQs) that can be sent electronically to suppliers via SAP EDI upon request. SA itself is considered po, and GR is made with reference to PO and SA number and IR use PO / delivery plan NO. Then enter the sa number and make the IR against. Supplier selection is an important process in the procurement cycle. Suppliers can be selected through the offer process. After pre-selecting a supplier, an organization enters into an agreement with that particular supplier to deliver certain items under certain conditions. When an agreement is concluded, a formal contract is usually signed with the supplier. A framework contract is therefore a long-term sales contract with a supplier. − A contract is a long-term framework contract between a supplier and a customer for a predefined material or service over a specified period of time.
There are two types of contracts: the terms of a framework contract are valid for a certain period of time and cover a certain quantity or predefined value.