In the SAP ERP system,an outline agreement with a vendor is basically a
A) request for a quotation.
B) contract.
C) purchase order.
D) purchase requisition.

Question

Quizplus · Accepted Answer

An outline agreement with a vendor in the SAP ERP system is a contract. This type of agreement represents a long-term arrangement between the company and the vendor for the supply of goods or services over a defined period of time. It usually includes terms and conditions such as pricing, delivery schedules, and payment terms.

In the SAP ERP System,an Outline Agreement with a Vendor