Contract management is the process of managing contract creation, execution, and monitoring to maximize operational and financial performance. Organizations encounter an ever-increasing amount of pressure to reduce costs and improve organizational performance. It’s essential that buyers have an effective and efficient system support for monitoring contracts.

In SAP S/4 HANA, Sourcing and Contract Management consists of the subsequent solution capabilities: Source Assignment, Operational Contract Management.

With S/4 HANA, automated and manual processes for source assignment to operational demands are supported. You’ll also monitor contracts in contract work list and get instant information about consumption, status, and validity. With the use of source assignment, it covers managing supply sources such as Purchase Information Records or long-term purchasing agreements.

These sources of supply are maintained within system and are available as a potential source of supply for open purchase requisitions and purchase orders. They can be selected manually within source of supply assignment in Fiori apps.

For Operational Contract Management, a new Fiori app is provided.

1 37

With the new Fiori App for manage purchase contracts, the users ascertain immediately a high contract consumption and critical status. In addition to the smart filter bar for flexible search, this app also provides quick action to directly renew (change validity end or target value) the contract while remaining within app. The navigation to other object pages like supplier or contracts are also supported.

2 36

Apart from SAP Fiori app, you’ll also use contract list transactions in ERP system – ME3M.

3 36

S/4 HANA Fiori App Manage Purchase Contracts functions

Dynamic and flexible search and filtering across the entire contract work-list
Direct navigation to contract and supplier object pages.
Additional information is available like status, approver, and notes
Insight to action capabilities like renewal of contract
Business card information of supplier

Perform Procurement Transfer Stock

To perform procurement and transfer stock, open SAP Fiori App → Manage Purchase Requisitions.

4 33

Select Filters → More Filters, enter the Material # and choose OK. Key within material number and click the Go button.

5 30

You’ll view the sources in column Assigned Supplier. Select PR and click Create Purchase Order and note down the PO#.

Next, open Fiori app → My Purchasing Document Items.

6 24

In field Search, enter the material number and click Go. Select Purchase Order from the list and choose Post Goods Receipt for PO. Select storage location for goods receipt and PO item. Click the Post button.

Create a Supplier Invoice for Your PO

7 20

Enter the Transaction Invoice, key within Invoice Date today, Company Code, and Gross Invoice Amount Select References Purchase Order. Then, key in your PO number and click Create Item.

To post invoice and generate Invoice #, click Post.

8 18

Check the Stock for Material

Start the app Stock (Single Material) in your group Materials Management & Inventory Management on the SAP Fiori Launchpad.

Enter the material number within field Material on the top of the screen and press Enter.

9 12

You’ll ascertawithin stock information for material on the screen. Note down the quantities of unrestricted-use stock and blocked stock.

You’ll transfer the whole quantity from blocked stock to unrestricted-use stock.

So, this brings us to the end of blog. This blog helps you with commonly asked questions if you are looking out for a job in SAP S4 Simple Logistics and SAP Domain. If you wish to learn SAP S4 Simple Logistics and build a career in SAP domain, then check out our interactive, SAP S4 HANA Simple Logistics Training, that comes with 24*7 support to guide you throughout your learning period. Please find the link for course details:

https://www.tecklearn.com/course/sap-s4-hana-simple-logistics-training-and-certification/

SAP S4 HANA Simple Logistics Training

About the Course

SAP S/4 HANA Logistics 1909 is a one stop solution for new-age Material Management, Production Planning, Supply Chain Management, as well as sales and distribution of organizations with medium to large infrastructure. SAP S/4HANA Logistics is also known as SAP S4 HANA Enterprise Management which includes all the modules not only the Finance but also the modules like SAP MM, SAP SD and now they are available as a part of SAP S4 HANA as a product and enterprise management is the complete business street. SAP S4 HANA Logistics uses the data processing ability of S4 HANA to provide simpler, faster and more efficient approaches to logistics and supply chain problems.

Why Should you take SAP S4 HANA Simple Logistics Training?

The Average salary of SAP Consultant is $110,250 per annum – PayScale.com
S4 is a new tool to come from SAP HANA stables that can help simplify the domains of logistics, enterprise resource management, supply chain management, and more. Worldwide Business Intelligence and Analytics Market to grow to $22.8 billion in next 2 years – Gartner.

What you will Learn in this Course?

Overview of SAP and SAP HANA

Architecture overview of SAP HANA
History of SAP
Enterprise Architecture
Database, Application and Presentation Layer
Comparing row store and column store in SAP HANA
Overview on views (Attribute, Analytic, Calculation)
SAP HANA Modelling

Introduction to S4 HANA Logistics

How S4 HANA benefits the business enterprises in the logistics domain
SAP Business Suite to S4 HANA
SAP Navigation GUI
New User experience app SAP Flori for SAP software and applications
Deploying S4 HANA Logistics for premise in the cloud or as a hybrid application
Deployment options – On Premise, Cloud, Hybrid
Why go for Simple Logistics
SAP S4 HANA Simple Logistics – Key Innovations
ERP Model Vs S4 HANA Data Model
SAP Simple Logistics – Main Components
Hands On

SAP S4 HANA Implementation Scenarios

Transition to S4 HANA
System Conversion
New Implementation
Landscape Transformation
Hands On

Introduction to SAP Activate Methodology

What is SAP Activate
Why do we need SAP Activate
SAP Activate used in which projects
Advantages of SAP Activate
SAP Activate – Innovations for New Implementation
Hands On

Business Partner and Customer Vendor Integration (CVI) on SAP S4 HANA

Master data synchronization between Business Partner (BP) to customer and vendor
Synchronization control
Customer Vendor Integration (CVI)
Implementation/Migration from ECC to S4 HANA
Converting Customers/ Vendors into BP and Conversion Process & Tools, and Conversion Cockpit.
Configuring BP role
Configuration of number range and grouping
Defining account group
Hands On

SAP Fiori Apps

Introduction to SAP Fiori UX
SAP Flori Launchpad
UI Theme Designer
Innovations in Fiori for different modules
Generate new tiles for a custom/ standard tcode
Creating new catalogue, group & roles
KPI
Hands On

Sales on SAP S4 HANA

Sales Documents (customizing)
Billing process and Customizing, Smart Business
Basic Functions (customizing), Pricing and condition technique.
Sales process, Shipping Process and Customizing, Availability Check, Organizational Structures, Cross-functional Customizing, Master Data
Hands On

Output management on SAP S4 HANA

Prerequisite of output management
Configuration of new output management
- Manage application object type application
- Define output type
- Define business rule for output determination
- Assign output channels
- Define rules for determination of master form template
- Assign form template

Material Requirement Planning (MRP) on SAP S4 HANA

MRP_Live configuration prerequisite
Number range configuration for MRP_Live
Set Up and Creation of planning file entries
Planning Execution for Material Requirements
Concept of Requirements Planning and its Technical Processes
Processing and Assessment of MRP Results
Additional Processes in MRP
Simplification of MRP from storage location to MRP area level

Changes in SAP Simple Logistics Process:

Overview of New Functionalities in SAP Simple Logistics
Overview of SAP Flori Apps related to Logistics/Supply Chain
Architectural Changes for Product Master and Supplier Information
Architectural Changes / Configurations related to Sourcing and Procurement
Architectural Changes / Configurations related to Supply Chain
Architectural Changes / Configurations related to Manufacturing
Architectural Changes / Configurations related to Sales

Data Migration to SAP S4 HANA

Activate methodology for data migration
Guided configuration
Maintenance planner
ABAP Test Cockpit
Adaption note for adapting custom development
Data migration cockpit for new fresh implementation
New field adding in report
Synchronization between BP to customer or Vendor,
Migration of credit management, Migration of material ledger, migration of documented credited decision

SAP S4 HANA Logistics Implementation Projects

Configuring standard Flori apps
Order to Cash Performance monitoring
SAP S4 on premise
Integrating SAP S4 HANA with Design Studio

Got a question for us? Please mention it in the comments section and we will get back to you.

511