quantity contract

A longer-term purchasing arrangement, under the terms of which the purchase of a quantity of goods or services is agreed.

Criterion for the performance of a quantity contract is the agreed total quantity.

quantity contract

An agreement that a customer will order a certain quantity of a product during a specified period.

The contract does not contain a schedule of specific delivery dates.

quantity LIFO procedure

An approach within the LIFO valuation procedure for valuating material stocks.

(LIFO stands for "last in, first out".)

In the quantity LIFO valuation procedure, materials are valuated periodically on the basis of actual quantities.

quantity of goods received

The total quantity delivered for a business transaction.

quantity reliability

In the vendor evaluation system, a subcriterion of the main criterion "Delivery".

This subcriterion is used to assess how closely a vendor complies with the quantity specification in the purchase order.

quantity string

A key for the automatic determination of the stock fields that are:

• Checked when a goods movement is entered (availability check relating to the stock fields)
• Updated following a goods movement

quantity structure

The basis for calculating costs in a material cost estimate.

Typically, a quantity structure consists of a bill of material (BOM) and a routing.

In process manufacturing, a master recipe is used instead of a BOM. In repetitive manufacturing, a rate routing is used instead of a routing.

When you work in actual costing, the SAP System creates the quantity structure based on the actual data.

quantity structure control

An automatic process by which the SAP System determines the quantity structure (such as the BOM and routing) when it costs materials.

quantity structure date

The date on which the BOM and routing of a product are determined.

quantity structure determination

The process that determines a valid quantity structure for costing.

Various functions are available for this process, such as quantity structure determination through:

• Settings in the quantity structure control
• Default values in the material master record

quantity structure tool

A tool that enables you to update quantities and values in Product Cost Controlling with reference to different procurement or manufacturing options for a given material.

The quantity structure tool uses the following to update quantities and values:

• Procurement processes
• Procurement alternatives
• Consumption alternatives

quantity variance

The difference between target (planned or budgeted) costs and actual costs resulting from a difference between the planned and actual quantity of a material.

quota

A maximum quantity of a product that can enter the country each year.

Such goods can never be imported to the US under informal entry. Quotas regulate the quantities of some products such as animal feeds, candies, chocolates, cotton, dairy products, peanuts, sugar, and textiles.

quota arrangement

A mechanism enabling the system to compute which source of supply to assign to a requirement for a material.

The quota arrangement facilitates the determination of the applicable sources of supply for a purchase requisition at a certain time.

Setting quotas permits the automatic apportionment of a total material requirement over a period to different sources.

A quota arrangement consists of quota arrangement records identifying the source (such as a vendor or an internal plant), the validity period, and the quota.

quota base quantity

A quantity that exerts a control function when a new source of supply is included in an already existing quota arrangement.

The quota base quantity enables you to prevent all requirements (in the form of requisitions or purchase orders, for example) from being allocated to the new source of supply until its quota-allocated quantity exceeds that of one of the existing sources. This is achieved by virtue of the fact that the quota base quantity acts as an additional quota-allocated quantity when the quota rating is calculated.

quota-allocated quantity

The total quantity from all requisitions, purchase orders, contract release orders, and scheduling agreement schedule lines assigned to a source of supply.

quotation price history

A series of prices quoted by a vendor for a material or service over a certain period up to the present.

The system creates or updates the quotation price history when quotation prices are updated in the info record.

quotation specifications

A set of bid invitation specifications supplemented by the bidder's quoted terms and conditions and possibly other data provided by the bidder.