Business Term Status
The Business Term is currently validated by the Data Governance Committee.
Subdomain
📝 CONTRACTS
Business Term Definition
Value Contract (MK) is one of the three contract types active within PF1_020 and WP1_400. The contract is fulfilled when the total value of all release orders issued against it reaches a specified amount.
Roles
Data Owner
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Data Steward
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Data Sources, Type and Classification
Data Source
SAP
Data Type
Reference Data
Data Classification
Internal Data
Related Business Terms
| Business Term | Description | Link |
|---|---|---|
| Contract Header | Contract headers contain information related to the entire agreements such as vendor, purchasing organization, payment term and incoterm. | Y Value Contract |
| Contract Item | Contract items contain information related to the relevant good or service such as quantity or price. | Contract Item |
| Contract or Outline Agreement | Contracts or outline agreements are longer-term agreements between a purchasing organization and a vendor regarding the supply of goods or the performance of services within a certain period according to predefined terms and conditions. | Contract or Outline Agreement |
| Contract Type | Scheme of classification of contracts based on their specific terms, conditions, and purposes. | Contract (Outline Agreement) Type |
| Purchasing Info Record | Purchasing info records are a source of information related to the purchase of a specific material from a specific vendor. | Purchasing Info Record |
| Scheduling agreement | Scheduling agreements are longer-term agreements between a purchasing organization and a vendor. | Scheduling Agreement |
| Source List | Source lists specify the allowed (and thus disallowed) sources of a material for a certain plant within a predefined period. | Source List |
| Y Catalog Contract | Catalog Contract (ZWK) is one of the three contract types active within PF1_020 and WP1_400. | Y Catalog Contract |
| Y Quantity Contract | Quantity Contract (WK) is one of the three contract types active within PF1_020 and WP1_400. | Y Quantity Contract |
| Service | Services are intangible services procured from vendors. / Services contains data that is valid for the company such as descriptions and units of measure. | Service |
| Service Category | Scheme of classification of purchased services based on their purposes. It helps in organizing and managing services based on their intended uses, making them easier to identify, track, and report on. | Service Category |
| Service Master | Service master is the central repository for all service-related data. | Service Master |