Hello,
Is there a longterm purchase contract/rate contract?

Here is the descriptions of the longterm purchase/rate contract
Initially, PO is created, a specific quantity(large) and a rate is fixed.
Then, on a regular schedule, the buyer should be able to specify the
quantity that should be sent by the supplier. The terms of this still remain
the same as the PO already sent to the supplier


-Aswath

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