how to release a quantity and value contract?

[Former Member]

Hi Gurus,

how do you release a value and quantity contract? QC, WK1 and WK2 doc type.

Thanks,

Paul

[Former Member]

The value contract contains rules that specify the kind of release orders that are allowed. You can define restrictions on customers and materials. In addition to the sold-to party, you can specify the other partners who are authorized to release against the contract by assigning the partner function AA to them. You can also define additional ship-to parties for release orders using the partner function AW

[Former Member]

hi,

The customer fulfills a contract by placing sales orders against it. These sales orders are known as release orders (or call-offs).

You can specify in the contract which other partners in addition to the sold-to party are authorized to release against the contract while creating a sales order by VA01.

When you create a release order, you refer to the relevant contract, and the system automatically updates the released quantities in the contract. Otherwise, processing a release order is just like processing a standard sales order.

The value contract contains rules that specify the kind of release orders that are allowed. You can define restrictions on customers and materials. In addition to the sold-to party, you can specify the other partners who are authorized to release against the contract by assigning the partner function AA to them. You can also define additional ship-to parties for release orders using the partner function AW

The customer fulfills a contract by issuing orders against the contract. The contract does not contain any exact dates for deliveries, so you need to create a sales order to release against a value contract.

When a release order is created for the contract, the system automatically updates the released values in the contract. The release order value is calculated from the total of the open order and delivery values, plus the value that has already been billed to the value contract.

The system also updates the released value for subsequent changes (for example, overdelivery of contract release, price changes in the billing document, partial deliveries, returns, rejection of order items, cancellation or reversal of orders, deliveries or billing documents).

You can create a release order in any currency. The system automatically converts this currency into the one agreed upon in the value contract on the pricing date for the contract release order.

regards

sadhu kishore

[Former Member]

Hi,

Is there any transaction or report from where we can see how much value or quantity has been released with respect to its contract?

Regards,

Satya

[Former Member]

Hi Paul,

I) Once the contract's are created for quantity and value contracts.

II) Can release the same thourgh by using VA01 t.code.

But need to select the respect contract when creating the order for it by selecting create with reference ( Menu bar Sales document ---> create with reference )

Then your are poped up with a pop up box select the tab contract and enter the respective contract number as created in the I st frist.

Then the related information is copied.. and you can carrry on with this.

so each time you want to release the contract you have to do with VA01 create with reference.

Kindly Reward points if usefull

Regards

vK