Standard Purchasing Terms and Conditions
Standard terms and conditions outline any legal or functional constraints under which the purchase order or purchase agreement will be conducted. These terms and conditions apply to any orders executed by the procurement business unit and can be made available in all installed languages.
Define standard terms and conditions for purchasing documents with the Configure Procurement Business Function task in the Setup and Maintenance work area, in the Procurement Foundation functional offering.
Standard terms and conditions are included with each purchasing document sent to the supplier.
Terms
Purchasing terms commonly indicate the buying organization's rules and expectations as related to pricing and payment.
Conditions
Purchasing conditions typically describe the buying organization's rules related to but not limited to delivery, acceptance of delivery, cancellations, additions to the approved order, and general behavior of the supplier during the course of the transaction.
Languages
Indicate that this set of terms or conditions are not to be made available in all installed languages by selecting the check box: Disable terms and conditions for all languages.