Which source of supply is a framework agreement that does not specify delivery dates?

Prepare for the SAP S/4HANA Cloud Private Edition, Sourcing and Procurement Test. Study with flashcards and multiple choice questions, each with detailed explanations. Get ready to excel in your certification!

A framework agreement that does not specify delivery dates is best described as a contract. In the context of sourcing and procurement within SAP S/4HANA, a contract is an agreement between a buyer and a supplier that establishes the terms and conditions of purchase for a certain period or quantity of goods/services without the commitment to specific delivery schedules. This allows for flexibility in sourcing and purchasing as the buyer can request deliveries as needed within the agreed terms.

In contrast, a purchase order is a specific request for goods or services with defined quantities and delivery dates. A scheduling agreement typically includes predetermined delivery dates and is used to manage the supply schedule more closely. Quotations represent potential offers from suppliers but do not establish an ongoing agreement for the procurement of goods or services. Therefore, a contract is the correct term for a framework agreement without specified delivery dates.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy