Supplier contract

A supplier contract is a legal agreement whereby a supplier undertakes to deliver goods or provide services to a company, according to defined terms and conditions.

In SIMAX, the contract centralizes all the information needed to manage renewals and alerts related to deadlines.

This is the case of the contract between MASOCIETE and Boulangerie du Vieux Moulin:

La Boulangerie du Vieux Moulin signs a supplier contract with MASOCIETE whereby it undertakes to deliver a specified number of baguettes every morning at a fixed price, with accurate deadline of 12 months, and penalties for late or incomplete deliveries.

La Boulangerie du Vieux Moulin signs a supplier contract with MASOCIETE, whereby it undertakes to deliver a specified number of baguettes every morning at a fixed price, within specific time limits, for 12 months.

At the end of this period:

• If MYCOMPANY checks the box |Tacit renewal|, the contract is automatically renewed for a new period (for example, an additional year).

• The end date is then extended by the Renewal Duration.

Implementation

To create a supplier contract, go to Purchase > Contract > List supplier Contracts, then click [[New]].

Note:

• The alert date is recalculated in order to notify the internal department (e.g., purchasing or administrative department) before the new deadline.

• The “Alert sent” box is automatically unchecked to allow tracking of the new contract cycle.

However, if the |Tacit renewal| box is unchecked, the contract will end on the scheduled date and will not be automatically renewed.