Various suppliers might have different types of purchase terms. Datastream 7i has five types of predefined order terms. Set up the individual codes for each of the following types of order terms:
FOB (Free On Board) point (FOB)—Define where to take possession of an item, e.g., a receiving dock.
Freight terms (FRTR)—Establish how different freight charges are paid and who pays them.
Payment terms (PAY)—Enter how a supplier is paid for a purchase, e.g., COD or net 30 days.
Ship via (SHIP)—Define how the supplier ships an item, e.g., overnight, regular mail, etc.
Payment Method (PYMT)—Enter what method is used to pay the supplier.
Follow these steps to define purchase order terms.
Open the Purchase order terms form (PNORDT).
Code—Enter a unique code identifying the order term.
Organization—Click to select the organization to which the order term belongs if you use multi-organization security.
Description—Enter a description of the order term.
Type—Click to select the type of purchase order term.
Choose File | Save from the menu bar. Datastream 7i saves the information to the database.