Overview of External Purchase Prices

External Purchase Prices enables you to import product prices from external contracting applications or group purchasing organizations through an open interface.

You can select lines for purchasing or you can set selection criteria to automatically select the lines for purchasing to be created as blanket purchase agreements. Purchase prices are selected based on the selection criteria and are automatically created as blanket purchase agreements.

The External Purchase Prices solution includes these features:

Import External purchase prices
Update item and category for external purchase prices
Cancel, select, include, or exclude lines from purchasing
External purchase prices and change orders
Select and import purchase agreements from external purchase prices
External purchase price mappings

Consider these factors when you're working in the External Purchase Prices work area:

External purchase prices are specific to a requisitioning BU and specific to a supplier.
Purchase agreements created for items managed through external purchase prices should not be updated directly. Any changes required to purchase agreement like, canceling a line, updating the price, or description should be updated only in the external purchase prices. These changes are automatically implemented in the purchase agreements through the import purchase agreements from the Import External Purchase Prices scheduled process.