PURCHASING INFO RECORD

How Can You Create A Purchasing Information Record?

Answer :
You can create a purchasing information record either manually or automatically by
setting the Info update indicator when maintaining a quotation, a purchase order, or an
agreement.

Can Purchasing Info Record Be Created Without A Material Number?

Answer :
Yes, you can create a purchasing info record without a material number. If the material
is without the material number, you need the following information for creating the
purchasing info record:
o Material short text
o Order unit
o Material group
o Short term key

How Is An Information Record Based On The Material Master Created?

Answer :
At first, you need to create the info record by selecting SAP Menu->Master Data-Info
Record->Create. Details, such as vendor number, material number, purchase
organization, or plant number, are then entered. The number of the information record
(in case of external assignments) is then entered. Next, the general data for vendors,
ordered quantity, origin of data, supplying information, and Customs Tariff Number is
entered. The planned delivery time, purchasing groups, and standard purchasing
quantity are then entered. The control data is then checked. The default value of
tolerance data and purchasing group are taken from the material master record. The net
price is entered and then select Go TO->Texts to display the text overview. If the PO text
is already defined, it appears in the material master record; otherwise, it needs to be
entered. After all these entries, the record is saved.
MM Purchasing differentiates between the following prices:
-> Gross price : Price excluding any possible discounts or surcharges
-> Net price: Price taking discounts, surcharges, and possibly taxes into account
-> Effective price : Net price less or plus delivery (incidental procurement) costs, cash
discount, and miscellaneous provisions for accrued costs or rebates.
So check what other condition types are there like freight charges etc