Steps: Manage Supplier Contracts

Set up suppliers in Workday.

Supplier contracts enable you to implement and manage your company procurement policies. You can:

Configure preferred suppliers.

Apply contractual terms and amounts.

Avail of favorable terms and discounts and better manage spending.

Steps: Create Supplier Contracts.

Security: Set Up: Supplier Contracts
domain in the Supplier Contract functional area.

(Optional) Enable invoice charge control on supplier contracts.

Select the Supplier Contract Event
option on the

Configure Optional Fields

task.

Clear the Hide for All selection for the Maximum Charge Amount and the Minimum Charge Amount fields.

(Optional) Access the

Maintain External Link Validation

task.

Configure and display a link to a supplier contract. The link enables you to capture information from third-party providers of contract lifecycle management.

(Optional) Create a supplier contract for leased assets.

Create Lease-Type Supplier Contracts.

Specify line details on the supplier contract.

See:

Add or Update Goods and Service Lines on Supplier Contracts

Add or Update Project-Based Service Lines on Supplier Contracts

(Optional) Steps: Create Purchase Order Schedules and Installments for Supplier Contracts.

(Optional) Steps: Create Supplier Invoice Schedules and Installments for Supplier Contracts.

(Optional) Receive Directly Against Supplier Contracts.

(Optional) Configure renewal terms and notifications for the supplier contract before it expires.

See Steps: Automatically Renew Supplier Contracts.

(Optional) Add workers to the Process: Supplier Contract - Add Attachment
domain in the Supplier Contract functional area to enable them to add attachments to contracts without amending contracts.

Create or generate supplier invoices and purchase orders from supplier contracts.

Create Suppliers

Steps: Using Supplier Catalogs

Define Supplier Contract Renewal Terms

The Next Level: Supplier Contracts Overview