What does a supplier agreement define when adding a vendor (rate/commission, cases)?

When adding a vendor, a signed supplier agreement is placed on the system that defines how the software works for them — chiefly their rate/commission percentage, and any different cases configurable per supplier (such as the delivery model and money-flow rules). The agreement is stored as a document with the date signed. This makes each vendor's commercial terms explicit and…

When adding a vendor, a signed supplier agreement is placed on the system that defines how the software works for them — chiefly their rate/commission percentage, and any different cases configurable per supplier (such as the delivery model and money-flow rules). The agreement is stored as a document with the date signed. This makes each vendor's commercial terms explicit and on file from day one, so settlement has a clear basis and disputes can be checked against the agreed terms.