Hi Deepika,
Frame Work Order : This is more general order used for C Class Material. Here you specify the validity and value limit. You do not specify the material detials. For example, you specify stationary for your office. the details are entered in further IR, like books pencils, etc, but these must be procurred within the value limit specified in Frame Order.
Scheduling agreement : this is an agreement with a vendor for a long term where in you do not release any Purchase Order, but delivery schedule lines as per your requirement. Note that documentation in this is very much reduced.
Contract : This is an agreement with your vendor, where in you release contract release order as and when you require. The materials to be procured within the conditions specified in the contract.
Stock Transfer Oreder within plants of a Company code : here we have one step or two step procedure. In one step procedure you enter the Goods Issue and Goods reciept in only one document in MIGO.
In two step procedure with ST Order, the recieveing plant raises an order for the requirement. The issuing plant issues goods as per this ST order. the material is then in transfer, which the recieveing plant will recieve into their own restricted stock.
Note that only materials can be transferred from unrestricted stock for STO.
Accounting document will be generated at the issuing plant and the material will be valuated as per value of issuing plant. If any delivery charges are ther, it will be posted a profit/Loss account in the recieveing plant.
Hope this will give you some idea.
Anand
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