What is negotiated purchase in SAP LO-AGR-LSP - Livestock Procurement?

SAP Term: negotiated purchase

• Component: LO-AGR-LSP

• Component Name: Livestock Procurement

• Description: A type of livestock purchase. It could be a live purchase or a dressed purchase. The buyer and the seller discuss and agree on the price of the livestock.

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• Key Concepts: 
  Negotiated purchase is a type of procurement in SAP's Livestock Procurement (LO-AGR-LSP) component. It is a process in which the buyer and seller negotiate the terms of a purchase, such as the price, quantity, and delivery date. The negotiated purchase process allows for more flexibility than other procurement methods, as it allows for more customization of the purchase agreement. 
  
  How to use it: 
  In SAP's Livestock Procurement component, negotiated purchases are initiated by creating a purchase order. This purchase order contains all the details of the negotiated purchase, including the price, quantity, and delivery date. Once the purchase order is created, it can be sent to the seller for approval. Once approved, the seller will then deliver the goods according to the terms of the purchase order. 
  
  Tips & Tricks: 
  When negotiating a purchase, it is important to ensure that all parties involved are in agreement on all terms of the purchase. This includes not only the price and quantity but also any additional terms such as payment terms or delivery dates. It is also important to ensure that all parties are aware of any applicable laws or regulations that may affect the transaction. 
  
  Related Information: 
  For more information on SAP's Livestock Procurement component and negotiated purchases, please refer to SAP's official documentation at https://help.sap.com/viewer/product/SAP_ERP_6.0_EHP7/en-US/f9f8d3a2b7c14e8a9f3d5b2c9f1e4d6a.html