Contract Purchase Orders

glovia.com - Contract Purchase Orders offers a unique opportunity to increase your leverage with suppliers by negotiating purchasing con-tracts with committed pricing and flexible delivery schedules. Contract Purchase Orders can help to control inventory levels, realize the benefits of Just-In-Time deliveries and achieve a strategic edge in interactions with suppliers.

Contract Purchase Orders At-A-Glance

Contract Purchase Order Entry

• Vendor pricing schedule with date effectivity
• Contract terms and conditions
• Total authorized amount and released amount
• Last release number and date tracking
• Control for start, expiration and renegotiating dates
• Date control for contract completed and closed
• Vendor item number cross reference
• Comments and notepad at header and line level
• Master Production Scheduling /Material Requirements Planning cycle reference source
• View currently released schedule in effect
• Review prior released deliveries
• View next release pending confirmation
• Delivery schedules include firm and forecasted releases
• Multiple delivery schedules per line item
• Manual contracts close or reopen
• Copy feature for renewal or new contracts

Vendor Allocation Policies

• One or more suppliers per item
• Effectivity by date range
• Supplier split percentages and priorities

Confirm Releases

• Planner review of auto-generated releases from Master Production Scheduling and Material Requirements Planning
• On-screen view of Master Production Scheduling and Material Requirements Planning exceptions and gross to net detail
• Preview pending schedule changes
• Confirm changes and contract releases to supplier
• Assign reason code for rescheduled deliveries

Released Material Processing

• Cascaded receiving through open deliveries
• Receipt reversals
• Delivery history
• Move tickets
• Support return-to-vendor shipping orders

Inquiries and Reports

• Items on Contract
• Contract Buy History
• Printed Contract Purchase Orders
• Printed Purchase Order Releases
• Conversion Exceptions
• Purchase Price Variances
• Period Receipts
• Contract Statuss
• Pre-Release Review
• Period Financial Impact
• Vendor Information
• Returns-To-Vendor Status
• Release Status
• Review Master Production Scheduling/Material Requirements Planning Contracts