Purchase agreements: blanket orders and calls for tenders¶
There are two main types of purchase agreements preconfigured in CoquiAPPs: blanket orders and call for tenders.
Blanket orders are long-term agreements between a company and a vendor to deliver products on a recurring basis with predetermined pricing. Your company should consider using them when you frequently purchase the same products from the same vendor in varying quantities and/or at different times. Among their many benefits, you can save time as the ordering process is simplified, and money thanks to more advantageous bulk pricing.
Calls for tenders use a special procedure to request offers from multiple vendors at the same time. While public sector organizations are often legally bound to release calls for tenders when they want to purchase goods or services, private organizations can also use them to get the best deal among several vendors.
Enable purchase agreements¶
From the Purchase app, go toand activate Purchase Agreements.
Configure or create new types of purchase agreements¶
Before you start using purchase agreements, make sure they are configured the way you want by going to. From there, you can edit the way blanket orders and calls for tenders or Create a new type of purchase agreement. You can configure the:
Agreement Type: the name you want to give to the agreement.
Agreement Selection Type: you can either select multiple offers using Select multiple RFQ (non-exclusive), which is the default setting for both blanket orders and calls for tenders, or a single offer using Select only one RFQ (exclusive), which is sometimes needed for calls for tenders where you only want to select a single vendor.
Lines: generally, you would always want to select Use lines of agreement, which are the different product lines you can configure when you set up your purchase agreement. However, you can select Do not create RfQ lines automatically if you don’t want your requests for quotations to be pre-filled in with that information.
Quantities: if you use lines of agreements, you can also specify independently if the products’ quantities should be used to pre-fill new requests for quotations. The default option for blanket orders is Set quantities manually, while for calls for tenders are set to Use quantities of agreement.
Set up a blanket order¶
Go toand click on Create. Select Blanket Order as your Agreement Type. Next, select the vendor. The other fields aren’t mandatory.
Next, add the products you want to order and their price. Note that you can also add a Quantity for each product, for example, if you have agreed with your vendor to order a specific minimum quantity each time or in total. If you have configured your blanket order to Set quantities manually, this is only used for informational purposes.
You can also write any Terms and Conditions at the bottom of the agreement. Once you are satisfied with your blanket order, click on Confirm. Its status then changes from Draft to Ongoing and it’s ready to be used.
Create requests for quotation from the blanket order¶
You can now create new quotations from the blanket order whenever you need it by clicking on New Quotation. CoquiAPPs automatically fills in requests for quotation with the information initially defined when you set up the blanket order. Depending on the way you configured the Purchase Agreement Type, product lines can also be pre-filled.
From here, you can quickly view all the requests for quotations made under that blanket order by clicking on RFQs/Orders.
You can also create a Request for Quotation the usual way and then link it to an existing Blanket Order.
Blanket orders and replenishment¶
Blanket orders can be used for automated replenishment, as once a blanket order is confirmed, a new vendor line is added to your product. Make sure the related vendor is in the first position if you have several vendors linked to your product.
Set up a call for tenders¶
Go toand click on Create. Select Call for Tenders as your Agreement Type. The other fields aren’t mandatory, but you can add the date you want to be delivered and set an agreement deadline. You usually don’t want to select a vendor for calls for tenders as you are looking to get quotations from multiple vendors.
Next, add the products you want to order and in what quantity. For calls for tenders, you typically don’t add a price, as the vendors should give you their best quote.
You can also write any Terms and Conditions at the bottom of the agreement. Once you are ready, click on Confirm.
Requests quotations from the call for tenders¶
You can now request new quotations from the call for tenders. Click on New Quotation and select one of your vendors you want to invite to the call for tenders. Product lines should also be pre-filled in, depending on how you configured the Purchase Agreement Type. Click on Send by email to send it to the vendor. Go back to the call for tenders and repeat this process for each vendor.
Once you have sent a request for quotation to every vendor and receiving their quotes, click on Validate to proceed to the bid selection. Next, click on the RFQs/Orders smart button to view all your vendors’ quotations.
Click on each request for quotation to add the price communicated by your vendors manually. When that’s done, select the most advantageous offer and click on Confirm Order. This automatically closes the call for tenders. You can now proceed with the purchase order as you would for a regular one.