Create Value Contract in Sap Mm Tcode

Creating Value Contract in SAP MM Tcode: A Step-by-Step Guide

If you`re in the procurement or supply chain management fields, you`ve likely come across the term “value contract.” Essentially, a value contract is a long-term agreement with a supplier to provide an item or service at a specified price and quantity. SAP MM (Materials Management) is a popular software used by many companies to manage their procurement processes, and this article will walk you through creating a value contract in SAP MM Tcode.

Step 1: Accessing Tcode ME31K

To create a value contract in SAP MM, you`ll need to access Tcode ME31K. ME31K is used to create a new contract or edit an existing one. You can either type ME31K into the command prompt or navigate to Materials Management > Purchasing > Outline Agreement > Contract > Create.

Step 2: Selecting Document Type

Once you`ve accessed Tcode ME31K, you`ll be prompted to select the document type. For a value contract, you`ll want to select the “WK” document type. This type of contract is used for long-term agreements with a supplier for a specified quantity and price.

Step 3: Entering Contract Information

After selecting the document type, you`ll be directed to a screen where you can enter in the contract information. You`ll need to fill in the following fields:

• Vendor: Enter the vendor code for the supplier with whom you`re creating the contract.

• Purchasing Organization: Enter the purchasing organization responsible for managing the contract.

• Purchasing Group: Enter the purchasing group responsible for managing the contract.

• Contract Validity Period: Enter the start and end dates for the contract.

• Currency: Enter the currency in which you`ll be making payments to the supplier.

• Production Period: Enter the production period for the items or services covered by the contract.

• Target Value: Enter the total target value of the contract.

Step 4: Adding Items to the Contract

Once you`ve entered the contract information, you`ll need to add items to the contract. To do this, click on the “Item Overview” tab at the top of the screen. Then, click on the “New Item” button, and enter the following information:

• Material Number: Enter the material number of the item being covered by the contract.

• Quantity: Enter the quantity of the item being covered by the contract.

• Net Price: Enter the net price per unit of the item being covered by the contract.

Step 5: Saving the Contract

After you`ve entered all the necessary information for the contract and its items, you`ll need to save the contract. To do this, click on the “Save” button at the top of the screen. If there are any errors or missing information, you`ll be prompted to correct them before the contract can be saved.

Conclusion

Creating a value contract in SAP MM Tcode isn`t difficult, but it does require attention to detail and accuracy in data entry. By following the steps outlined in this article, you should be able to create a value contract in SAP MM Tcode with ease and confidence. Remember to double-check all the information you enter in and save the contract once you`ve finished adding all the necessary items. Good luck!

Comments are closed.