You can use Oracle Sourcing to renegotiate an existing blanket purchase agreement. In Oracle Purchasing, you can use either the Create Auction or Create Sourcing RFQ options from Tools menu on the Purchase Order Header page, or use the Agreements tab in the Professional Buyer's Work Center to create the new draft document.

The existing blanket agreement is used as the basis for a new draft sourcing document. You can use and modify this new document as you would any other copied sourcing document. You can:

• Add or modify requirements.

• Add or modify lines.

• Add or modify response controls.

• Add or modify invited suppliers.

As with a new draft copy, you can enter a new open date, and you must enter a new close date.