Exercise - Create a purchase agreement

• 16 minutes

You have agreed upon a price for 100 of item number D0002 at a price of USD 145.50 with vendor Fabrikam Supplier. Now, you need to set up the purchase agreement.

Before you begin

To get the most benefit from this and other exercises in this module, we recommend that you have the standard sample data available in Supply Chain Management that is installed by using Lifecycle Services.

1. Go to Procurement and sourcing > Purchase agreements > Purchase agreements.
2. Select New.
3. In the Vendor account field, select US-104 (Fabrikam Supplier).
4. In the Purchase agreement classification field, select General purchases.
5. Open the General FastTab.
6. In the Document title, enter General purchase.
7. In the Default commitment field, select Product quantity commitment.
8. Select OK.

Add an item to the purchase agreement.

1. Select Add line in the Purchase agreement lines FastTab to create a line.
2. In the Item number field, select D0002 (Cabinet).
3. In the Site field, select 1 (Home speakers production).
4. In the Warehouse field, select 13 (Finished Goods).
5. In the Quantity field, enter 100.
6. In the Unit price field, enter 145.50.
7. In the Expiration date field, select the end of the next month.
8. Select Save.

Confirm the purchase agreement.

1. Select Purchase Agreement at the top and then select Confirmation under the Generate section.
2. Select Yes in the Print report field.
3. Select OK.
4. Close all pages.