Today we shall discuss 3 varieties of Purchasing Documents created in Oracle Fusion Procurement and why is it that we need to create different forms of Purchasing Documents in Oracle Fusion Procurement.

Contract Purchase Agreement
Blanket Purchase Agreement
Purchase Order

Contract Purchase Agreement

You make a contract purchase agreement with the supplier to agree with specific conditions without indicating the items and services you happen to be purchasing. You can later issue purchase orders referencing your contracts using terms negotiated over a contract purchase agreement by way of a procurement business unit which often can then be manufactured available to multiple requisitioning business units.

This is the place the Contract Purchase Agreement appears inside the application with virtually no lines.

As you will notice above, no line details are already specified within the Contract Agreement. This is an agreement between your supplier plus the business if the business is mindful of the total amount of price to become purchased from this supplier but is not aware of which goods or services are going to become purchased. When a Business Unit is scheduled on Contract Purchase Agreement Controls, then this Purchase Order could be linked to this Agreement within that Business Unit.

Users can create Approval Rule for Contract Purchase Agreement and as soon as the Agreement qualifies, it is usually used to be a reference in Purchase Order.