value contracts WK1 and WK2

[Former Member]

Hi Experts

Could anyone explain the similarities of the value contracts WK1 and WK2?

Thank you

[Former Member · Accepted solution]

Both of the value contracts have a header level and an item level.

None of these contracts have a schedule line level.

So, neither of these contracts are responsible for delivering products. Each of the value contracts has a release order, which is based on the total value.

[Former Member · Accepted solution]

Hi,

thanks for your response.

what is release order? can you explain in detail.

Thanks

[Former Member · Accepted solution]

The release orders are standard order types created with reference to the contract. The customer fulfills the contract with an individual release order. Schedule lines are created in the release order when it is placed. The release order is then processed like a standard order. Any special agreements regarding prices or delivery deadlines are copied from the contract.

You can create release orders in the following ways

• choose create with reference on the initial screen

• In the sales document menu, choose sales document -> create with referece -> To contract

• use the automatic system search for open outline agreements when you create an order

[former_member204513]

Hi Matthew,

Please go through this link it will help you about when we can use standard value contracts WK1 and WK2

http://help.sap.com/saphelp_47x200/helpdata/en/dd/55fd7a545a11d1a7020000e829fd11/frameset.htm

I hope it will help you

Regards,

Murali.