About Vendor Contracts
If you have arranged to buy certain items from a vendor at a special price, you can specify those arrangements through a vendor contract.
Creating vendor contracts lets you keep track of the special prices you may receive, for example, only when purchasing items to fill large orders for a particular customer. If one of your customers is a large government office or a Fortune 100 company, for example, you may receive special prices from a manufacturer when buying merchandise for this account. When creating purchase orders to fill orders for this large account, you could use a vendor contract to provide accurate costs.
You first create the contract through the (EV) Vendor Contract Cost screen. In the (EV) screen, you can add items to a vendor contract individually or you can mass add groups of items. You then assign the contract to the vendor through the Contract box in the Vendor Master tab.
When creating a vendor contract or adding items to an existing contract, you can set the contract price and the effective dates for the contract. When creating purchase orders for this vendor, you have the option of using the prices from a vendor contract. You can select a specific vendor contract or have the best price automatically selected from a range of contracts assigned to this vendor.
About Copying and Merging Vendor Contracts
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