Scenario to be configured : Equipments/ Services to be taken on Hire

[Former Member]

Hi All,

I need to configure the scenario:

One time tendering and shortlisting of the vendor is done for a period ranging

from six months to one year. Equipment hiring is done only after signing of

Service Level Agreements by the Purchase Head CFO for period varying from 03

months to 12 months. Decision is taken on the basis of cost benefit analysis

done by finance between hiring and procuring.

Pls. guide.

Regards,

[Former Member · Accepted solution]

Hi PK ,

As you r hiring the equipment for 3 to 12 months , i suggest you to go Invoicing Plan.

If you paying the vendor monthly - Go for Periodic Invoicing Plan.

If you are paying partial amt now and the remaining as per the terms discussed with ur vendor , then you go for Partial Invoicing Plan.

Regards

Ramesh Ch