Sales Terms Flashcards
0
Q
Release (Scheduling Agreement)
A
IP
1
Q
Spot Buy
A
IP
2
Q
Inquiry
A
Price &/or availability Query
No demand transferred
Not bound legally
3
Q
Quote
A
Official request for terms & Conditions
Legally binding
Demand not transferred
No manufacturing or procurement
4
Q
Sales Order
A
Legally binding
Commitment made
Demand is passed for procurement or manufacturing
Delivery and invoice subsequent
5
Q
Consignment
A
- Sales Business Process
* Vendor maintains the Stock of Material on Vendor’s Premises. Liability of stock remains with Vendor.
6
Q
Contract
A
Legally Binding Document between Purchaser and Vendor
7
Q
Sales Process Categories
A
- Inquiry
- Quote
- Sales Order
- Item Proposal*
- Scheduling Agreements
- Scheduling Agreement w/ ext Service
- Contract*
- Order w/o Charge
- Credit Memo
- Debit Memo
- Independent Request Plan
- Master Contract
8
Q
Sales Document Type Menu Tree Path
A
- SPRO IMG
- Sales & Distribution
- Sales
- Sales Document Header
- Define Sales Document Type
