To define a blanket contract use Sales Blanket
Contract (SBC) or Purchase Blanket
Contracts (PBC).
Specify this information:
Blanket Contract ID
The unique identifier for the contract. This is a read-only
field and is system generated.
Status
The status of a blanket contract is either open or closed.
You may manually set the status to closed, if the blanket contract is no longer
to be used. The system automatically sets the status to open when the contract
is created.
Short Heading
The short heading.
Description
The description.
Lookup Code
The lookup code.
Customer/Supplier Code
The code for the customer/supplier.
Contract Number
The customer or supplier's own contract number.
Item Code
The code for the item.
Unit of Sale/Purchase
Unit that the item is sold or purchased in.
Quantity
Total quantity to be sold or purchased to fulfill this
blanket contract.
Price
The price for the individual item. When this is in place, the
system takes this price instead of any formulae set up for the item.
Start Date
Date for commencement of the contract. If no start date is
entered the contract is in force immediately.
End Date
Date for cessation of the contract. If no end date is entered
the contract continues indefinitely.
Reconciliation Price
The price, or charge, to be paid if the quantity on the
blanket contract is not fulfilled. This is not enforced by the system, so is
for information purposes only.