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Purchase Order Contracts and Blanket Agreements Overview [ID 215784.1]
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Your questions :
*1. how can we benefit most from Contract Purchase Agreements . what is it used for?*
Ans : Contract Purchase Agreement (CPA) is basically an agreement of an organization with a Supplier. In CPA you can purchase from supplier but you don't mention what you are going to buy and when.
You create contract purchase agreements with your suppliers to agree on specific terms and conditions without indicating the goods and services that you will be purchasing. You can later issue standard purchase orders referencing your contracts, and you can encumber these purchase orders if you use encumbrance accounting.
*2. are there any accounting/ financial setup ?*
Ans : No.
*3. summarized setup sequence, please.*
Ans : The major setup will be the Document type : Contract Purchase Agreement.
*4. what are the interfaces or links to other purchase documents or modules ? we have Oracle Inventory, Oracle HRMS, General Ledger, Payables, cash Management, and Assets*
Ans : Request you to refer the user guide for details how Purchasing is linked to other modules.