Supply Chain · Pricing & Contracts

Rate contracts that price the next purchase order

Agree a rate once with a supplier and the product remembers it. Contracts and accepted quotes feed one negotiated price list. Sourcing reads it to propose a direct PO, RFQs pre-fill from it, and multi-currency quotes are compared on landed cost with the FX rates you maintain.

From agreement to order

Five steps, and the price is typed once.

1
Contract
Record a blanket or rate purchase agreement with a supplier: items, agreed rates, validity.
2
Activate
Activation publishes the agreed rates to the negotiated price list. The item-vendor matrix shows them next to the base price.
3
Source
When a requisition line is sourced, the cockpit proposes a direct PO where a contract rate exists. Otherwise the RFQ goes out with the price pre-filled.
4
Compare
Quotes in any currency are converted with your FX rates, freight and charges are added, and the result is ranked on landed cost.
5
Learn
An accepted quote writes its price back to the list. The next purchase of that item starts from what you last agreed.

Where a price comes from

Two sources feed one price list; one list feeds sourcing and comparison.

Inside the product

Contracts

Blanket and rate purchase agreements with suppliers. A contract holds the items, the agreed rate and the validity period. Activating it publishes the rates to the negotiated price list, which pre-fills RFQ and PO pricing and lets the sourcing cockpit propose a direct PO without a quote round.

Blanket and rate agreements per supplier
Activation publishes rates to the price list
Direct PO proposed by sourcing where a contract rate exists

Item ↔ Vendor matrix

One grid of who supplies what. For each item and supplier it holds the base price, the negotiated price, the lead time and the rank. Sourcing uses the rank to pick the preferred source; the long-lead planner uses the lead time.

Base and negotiated price per item and supplier
Lead time and rank per supplier
Negotiated prices auto-captured from accepted quotes

Currency rates and landed cost

The Currency Rates page holds FX rates as INR per unit. Quote comparison converts every quote to base currency and adds freight and charges, so a USD quote with air freight and an INR quote with local delivery are ranked on the same footing.

FX rates maintained in one place
Landed cost includes freight and charges
Fair ranking across currencies and delivery terms

Market intelligence

A market price check and a vendor reputation lookup bring outside context into the quote comparison, from citation-verified sources only. They sit beside the quote; the buyer decides.

Market price check next to the quote
Vendor reputation from verified sources
Advisory only; prices are never changed automatically

Speaks your market's language

The tables keep their meaning; the labels follow your organisation.

Contract

Rate contract · blanket PO · outline agreement · call-off

Negotiated price

Info record · agreed rate · last purchase price

Landed cost

Delivered cost · all-in price · comparative rate

Questions buyers ask

What is a contract in the product?: A blanket or rate purchase agreement with a supplier: the items, the agreed rate, the validity. Activating it publishes those rates to the negotiated price list. Nothing is bought until a PO is raised against it.
How does a contract rate reach the purchase order?: Through the price list. When a requisition line is sourced, the cockpit sees a contract rate for that item and vendor and proposes a direct PO at that rate. If you choose an RFQ instead, the rate pre-fills.
Do I have to key in negotiated prices?: Not for quotes you accept. An accepted quote writes its price into the negotiated price list for that item and vendor. Contracts do the same on activation. The matrix shows base and negotiated side by side.
How are quotes in USD and EUR compared with INR quotes?: The Currency Rates page holds FX rates as INR per unit. Quote comparison converts every quote to base currency, adds freight and charges, and ranks on landed cost.
Can it check whether a quoted price is fair?: A market price check and a vendor reputation lookup pull from the web, using citation-verified sources only. They inform the buyer; they do not change the price.

Related supply chain pages:Planning Subcontracting Supply Risk Supply Chain overview

Record your first rate contract

Import items and vendors, add the agreed rates, activate. The next requisition for those items sources itself.

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From agreement to order

Five steps, and the price is typed once.

Contract

Record a blanket or rate purchase agreement with a supplier: items, agreed rates, validity.

Activate

Activation publishes the agreed rates to the negotiated price list. The item-vendor matrix shows them next to the base price.

Source

When a requisition line is sourced, the cockpit proposes a direct PO where a contract rate exists. Otherwise the RFQ goes out with the price pre-filled.

Compare

Quotes in any currency are converted with your FX rates, freight and charges are added, and the result is ranked on landed cost.

Learn

An accepted quote writes its price back to the list. The next purchase of that item starts from what you last agreed.

Inside the product

Contracts

Blanket and rate agreements per supplier
Activation publishes rates to the price list
Direct PO proposed by sourcing where a contract rate exists

Item ↔ Vendor matrix

Base and negotiated price per item and supplier
Lead time and rank per supplier
Negotiated prices auto-captured from accepted quotes

Currency rates and landed cost

FX rates maintained in one place
Landed cost includes freight and charges
Fair ranking across currencies and delivery terms

Market intelligence

A market price check and a vendor reputation lookup bring outside context into the quote comparison, from citation-verified sources only. They sit beside the quote; the buyer decides.

Market price check next to the quote
Vendor reputation from verified sources
Advisory only; prices are never changed automatically

Questions buyers ask

What is a contract in the product?

A blanket or rate purchase agreement with a supplier: the items, the agreed rate, the validity. Activating it publishes those rates to the negotiated price list. Nothing is bought until a PO is raised against it.

How does a contract rate reach the purchase order?

Through the price list. When a requisition line is sourced, the cockpit sees a contract rate for that item and vendor and proposes a direct PO at that rate. If you choose an RFQ instead, the rate pre-fills.

Do I have to key in negotiated prices?

Not for quotes you accept. An accepted quote writes its price into the negotiated price list for that item and vendor. Contracts do the same on activation. The matrix shows base and negotiated side by side.

How are quotes in USD and EUR compared with INR quotes?

The Currency Rates page holds FX rates as INR per unit. Quote comparison converts every quote to base currency, adds freight and charges, and ranks on landed cost.

Can it check whether a quoted price is fair?

A market price check and a vendor reputation lookup pull from the web, using citation-verified sources only. They inform the buyer; they do not change the price.