Purpose
A contract is a long-term agreement with a vendor that is fulfilled by requesting material in the form of a call-off, up to a specific quantity or a specific value.
With this process, you can:
Assigning a New Purchase Contract
Assigning an Already-Existing Purchase Contract
See also:
Creating a Purchase Contract Assigning an Existing Purchase Contract Quantity Schedule Fees Evergreen ContractsMM – Purchasing:
Contract