Vendor Contracts and Agreements Features and Functions

• Agreements with suppliers may be discounted at different levels including the product level, product class level, and a level for general terms


• Agreement number designating common terms


• Defines normal contract and special contract types


• Contract effectivity dates (start and end)


• Users may enter agreement start dates (a signal date)


• Contract terms may specify ranges for delivery dates and quantities


• The price and discounts may be applied to the order total of the vendor agreement


• Batch mode price changes effective by product or purchase class


• Discounts may be entered on the screen (bracketed discount)


• Assesses shipping and handling charges as a percentage of the order's value


• Provides (based on agreement) the date that a second discount issuance becomes available


• Schedule for delivery of each line item


• Users may choose to print an acknowledgement of the contract


• Purchase contract histories may be archived


• Standard documentation types for contracts, which can determine the contract status


• Assigns contract data (automatically) to a purchase order line based on a link to MPS/MRP purchase requirements