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Jul 21, 2008 at 10:35 PM

When do we need Contract?

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Hi Gurus,

When do we need Contract? We can go for PO directly or follow the path P.req to PO. What is the significance of having value-based and quantity based contract? Please let me know this part in details. What type of goods we prefer for contract?

There is another type of outline purchase agreement, called Scheduling Agreement. What is it's significance?

A detailed explaination will be very helpful. Please help.

Thanks,

Kumar

Edited by: Kumar on Jul 22, 2008 12:35 AM