Understanding SAP S/4HANA Contracts
- Creating a contract in SAP S/4HANA refers to establishing a purchasing contract within the Materials Management (MM) module.
- These contracts serve as long-term agreements with a vendor, detailing essential factors such as pricing, quantity, and delivery terms over a specific duration.
- There are two principal types of contracts in SAP: the Quantity Contract (MK) and the Value Contract (WK).
Step-by-Step Guide to Creating a Contract
To create a contract in SAP HANA, follow this easy guide using transaction code ME31K:
- Open the SAP GUI or Fiori Launchpad and enter ME31K in the command field.
- In the initial screen, select the contract type (MK for quantity or WK for value), and fill in the purchasing organization, purchasing group, and vendor details. Press Enter.
- Provide header information including agreement date, validity start/end dates, terms of payment, Incoterms, and currency.
- In the item overview, specify the material number or description, target quantity or value, net price, and plant information. You can include multiple items in a single contract.
- Finally, after entering all necessary data, click the save icon or press Ctrl + S. SAP will generate a unique contract number.
Related Transaction Codes and Additional Tips
Familiarize yourself with related transaction codes for effective management:
- ME31K: Create contract
- ME32K: Change contract
- ME33K: Display contract
- ME35K: Release contract if a release strategy is in place
- ME41: Create Request for Quotation (RFQ)
- ME51N: Create purchase requisition
Ensure that vendor and material master data are established prior to contract creation. Use ME33K for reviewing contracts before any release or call-off orders.