1.Basics of Outline Agreements
*The two main outline agreements are scheduling agreements and contracts.
*You can create release orders in the following ways:
.Choose Create with reference on the initial screen.
.In the Sales document menu, choose Sales document -> Create with reference -> To contract....
.Use the automatic system search for open outline agreements when you create an order.
2.Value Contracts and Partners Authorized to Release
*There are two types of value contracts in the SAP standard system:
.WK1 General value contract
This order type allows you to refer to different materials and services,
according to the selection options.
.WK2 Material-related value contract
This is used when the contract contains exactly one material.
*To be able to release to multiple ship-to parties, maintain the Check partner authorization field in Customizing for the sales document type. In the sales order, you can then display the partners authorized to release in a customer list (rule A) or in the customer hierarchy (rule B).
Exercise
1.Create rental Contract
Logistics → Sales and Distribution → Sales → Contract → Create
Goto → Header → Contract data.
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