Vendor Contract allows your organization to enforce purchasing contracts established with specific vendors.

WorkPlace Vendor Contracts allows buyers to track committed amounts and quantities against a contract. Purchasing of items is controllable by either total dollar amount, quantity, or both, and can be restricted to a pre-defined list of items. The contract period date range can also be enforced.

Buyers can enforce negotiated shipping method, payment terms, and FOB, and have the ability to append lines to an existing vendor purchase order. Contracted pricing is enforced at the item level.

WorkPlace Vendor Contracts also allows buyers to set up blanket purchase orders based on vendor contracts, valid for a specified period of time and authorizing multiple orders during that time period, as long as the total dollars on the PO are not exceeded.

Requisition line items can be routed for approval by vendor contract and/or when the contract amount has been exceeded.