How to Work with Blanket Agreements 
Blanket agreements can be set up in different ways, depending on the type of agreement and the terms and conditions you have negotiated with your business partner. Below you can find some scenarios that show how blanket agreements can be used.
Process
Scenario 1: Generate a specific turnover with the business partner and buy or sell goods at a defined price
You create a blanket agreement for the business partner and specify the following:
The items governed by the agreement
The turnover you intend to generate
The prices negotiated with the business partner
If you want to buy or sell items at specific intervals, use the agreement type Specific.
If the blanket agreement does not call for the goods to be provided at a certain date or time, use the agreement type General.
For more information about how to create a blanket agreement, see Managing Blanket Agreements.
You buy or sell goods associated with the blanket agreement and create the corresponding sales or purchasing documents. For more information, see Purchasing Goods Related to a Blanket Agreement and Selling Goods Related to a Blanket Agreement.
You check the fulfillment status of the agreement. You can do this at any time according to your business needs, either by opening the relevant blanket agreement or by displaying a list of all blanket agreements. For more information about the latter, see Displaying Available Blanket Agreements.
When the turnover you planned to generate with the business partner has been reached, the blanket agreement can be terminated. If you realize that the terms of the agreement may not be reached within the validity period of the agreement, you find countermeasures or renegotiate with your business partner.
Scenario 2: Buy or sell a defined quantity of goods and receive a value credit memo
You create a blanket agreement for the business partner, specifying the number of items you plan to buy or sell.
If you want to buy or sell items at specific intervals, use the agreement type Specific.
If the blanket agreement does not call for the goods to be provided at a certain date or time, use the agreement type General.
For more information about how to create a blanket agreement in the system, see Managing Blanket Agreements.
You buy or sell goods associated with the blanket agreement and create the corresponding sales or purchasing documents. For more information, see Purchasing Goods Related to a Blanket Agreement and Selling Goods Related to a Blanket Agreement.
You check the fulfillment status of the agreement. You can do this at any time according to your business needs, either by opening the relevant blanket agreement or by displaying a list of all blanket agreements. For more information about the latter, see Displaying Available Blanket Agreements.
When the planned quantity of the agreement has been reached, you issue a credit memo for your customer, or, if you are the buyer, receive a credit memo from your vendor. To record this in the system, create an A/R credit memo or A/P credit memo without inventory movement.