Businesses enter into contractual agreements with their trading partners and, as part of the contractual agreement, will have commitments to fulfill. The commitments on the contracts, besides products and services bought or sold, are classified as deliverables, under the terms and conditions of the contract. In addition to the contractual commitments that businesses need to fulfill, they might define other internal tasks that contribute to the overall execution of the contract. If Oracle Procurement Contracts is implemented, you can create a deliverable and assign it to a negotiation.
To create a deliverable for a particular negotiation:
On the Create Header page, click Contract Terms in navigation bar in the top left of the page.
Search for and apply a contracts template.
Click the Deliverables subtab and check that any deliverable already defined to this template is applicable for your negotiation. You can update a deliverable if needed or delete it altogether
To add a new deliverable, click Add Deliverable.
On the Create Deliverable page define your new deliverable.
After you have finished defining your deliverable, click Apply. If there are multiple deliverables to define, you can click Apply and Create Another. Once the page refreshes, you can define your next deliverable.