How To: Mark Vendor Product Prices as Contracted
Contracted prices are pre-negotiated pricing agreements between a buyer and a vendor. Instead of purchasing goods at the vendor’s list or retail prices, contracted prices lock in specific costs for products or services, often across a set time period. Adding contracted prices in Yellow Dog strengthens financial controls, streamlines ordering, ensures compliance with vendor agreements, and enhances reporting visibility, all of which improve efficiency across purchasing and invoice workflows.
All client types who maintain contracted prices with vendors can use this feature.
To mark a vendor product as contracted, choose from two available options:
Option 1: By Vendor
- Go to Common Setup > Vendor and Manufacturers.
- Click to highlight the vendor you wish to edit then select Edit Vendor.
- Select the Vendor Products tab.
- Select the Contracted box for any vendor products that have contracted prices.
The price set in the Vendor Product Price field will be used as the Contracted Price. - Click Save and Close when finished with updated.
Figure 1. Selecting the box under the Contracted column indicated that the Vendor Product Price is contracted.
Option 2: By Item
- Go to Item Management > Inventory Items.
- Click to highlight the desired item and select Edit Item.
- Select the Vendor Products tab.
- Select the Contracted box for any Vendor Products that have contracted pricing.
The price set in the Vendor Product Price field will be used as the Contracted Price. - Click Save and Close when finished with updated.
Figure 2. Selecting the box under the Contracted column indicated that the Vendor Product Price is contracted.
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