Innowera - RDM: Contract Management

Innowera - RDM: Contract Management

RDM | Procurement | Contract Management

Orders are released against quantity or value contracts. The contracts features capabilities such as info records, source list and quota arrangements.

Operational Contract Processing When releasing order against contracts, plans or restrictions are automatically considered. Info records are master data that you use to store information about a vendor and a material at purchasing organization or plant level. You can create purchasing info records for different procurement types (standard, subcontracting, pipeline, or consignment).
 
Scheduling Agreement Scheduling agreement releases are issued to the supplier, requesting delivery of the required materials on the dates shown. A creation profile determines which event triggers the creation of a scheduling agreement release, how the delivery dates are displayed (aggregation and release horizon), and whether backlogs and immediate requirements are determined. A tolerance check can be carried out for releases that are created due to changes to the overall delivery schedule in the system.
 
Trading Contracts Trading Contract is the main document in Trading Contract Management. You can process both purchase and sales data either simultaneously or separately, using one document. This forms the basis of all purchasing, sales and expense processes and provides you with a clear overview and process control of all related business transactions. As it takes account of purchasing prices, sales prices and expenses the trading contract allows you to perform a profitability simulation immediately. The trading contract can support both back-to-back transactions as well as one-sided purchasing and sales transactions. The Trading Contract can be used to generate standard documents, such as purchase orders and sales orders and to control the entire logistics chain for follow-on documents such as delivery and billing documents.