Agreement management means you ensure that inside a project the engineered material is ordered in time, in specification, and in budget. To fulfill these requirements, most agreements are created based on a bid evaluation, which is described in this section..
After the first step, a PO is created. It must be issued to the supplier, and then later on, in EPC projects, the quantities, schedules, and qualities are normally modified. Order change management is a very critical part of PO management.
Smart Materials offers several methods to create an agreement:
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Based on a quote (bid evaluation)
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Based on an engineering requisition
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Manual agreement (without requisition)
Creating an agreement from bid evaluation is described in below sections..
Agreement management in Smart Materials is the process of:
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Creating the agreement
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Maintaining the agreement header information
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Maintaining the agreement line items
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Maintaining the item shipments
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Maintaining the agreement cost information
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Maintaining further agreement details
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Approving the agreement
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Issuing the agreement