Understanding Buying Agreements
Through the use of buying agreements, you can structure flexible and easy-to-use buying arrangements for customers or groups of customers. A buying agreement is a schedule between you and the customer defining terms and conditions. Buying agreements enable you to:
Define a beginning and end date and a maximum amount.
Specify the minimum dollar value per order placed.
Define certain shipping defaults for all sales orders.
Define all products and product groups that are to be included.
Define special pricing terms for a customer or customer group.
Maximum and minimum line item ordering quantities for each line item.
Generate sales orders automatically when the customers know in advance when products are needed.
Create sales orders in situations where shipment scheduling is unknown.
Create rebates and penalties.