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A scheduling agreement is a longer-term arrangement with the vendor covering the supply of materials subject to predetermined conditions.
If your organization procures large quantities of material and the requirement is spread over a predefined period than you can make use of the scheduling agreement. In Our business process this can be used for inhouse fabrication jobs. We can create one scheduling agreement for the entire financial year. We can keep adding line items as and when required for various projects. Cont..
These line items are similar to line items in purchase order where account assignment is WBS. Thus cost will be recognized accordingly. These scheduling agreements would be created separately for each Workshop. This release procedure is similar to Purchase order. After addition/ Modification of line item it will go for release. A scheduling agreement consists of a number of items, for each of which a procurement type is defined. We can use Scheduling agreement for following procurement types
Standard Subcontracting
Workshop
Enter Value
Save
Save
Click to release
ME3L Purchasing Document Per Vendor ME3M Purchasing Document for Material ME3J Purchasing Document Per Project ME3K Purchasing Document Per Account Assignment