![]() Central monitoring of contract consumption across subsidiaries and renewal of expiring contracts is easily managed by the headquarters. Once outline agreements are created in the connected systems, subsidiaries can then continue with the operational procurement in a seamless manner by leveraging this local contract or scheduling agreement. Purchasing Document Category (Contract or Scheduling agreement).The splitting of distributions into outline agreements in the connected system is based on the split criteria which comprises of the following attributes: The central purchase contract, created at the headquarters, can be distributed to subsidiaries to generate local contracts or scheduling agreements. These contracts are typically negotiated by the central purchasing organization, mostly at the headquarters, and used for globally driving operational efficiency, reduced cost while complying with regulations across multiple subsidiaries. This helps in getting the best rates and conditions while bundling purchasing volume across multiple subsidiaries. Central purchase contracts are global long-term agreements negotiated between an organization and a supplier.
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