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            Suppliers and Contracts

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            Suppliers and Contracts

            Define the supplier recovery terms that you want to enter into the contracts with suppliers. These contracts include information about the parts that are supplied by the supplier. Specify the price that the supplier agrees to pay for the causal part and whether you must return the defective part to them. Recovery can be for labor, parts, or any other expenses covered in the contract. The creation of a detailed supplier contract simplifies the supplier recovery claim process.

            Required Editions

            Available in: Enterprise, Unlimited, and Developer Editions
            • Create Suppliers and Supplier Products
              Create supplier records to capture important details about the suppliers that you procure product parts and components from. Create supplier products to relate the suppliers with the parts that they’re supplying.
            • Create Contracts with Suppliers
              To define the arrangements with suppliers who reimburse you, create contract records. Establish contracts with suppliers to define the arrangements for suppliers to reimburse you for the expenses incurred for replacing or repairing faulty product parts. Create Sales Contract Line records to define product parts that are covered under supplier recovery contracts, and specify details such as total price, unit price, product code, and status.
             
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