The first stage in the PHysical application is a new PH contract, based on an external bid or buy/sell opportunities revealed during position analysis.
The proposed offer can be simulated (for prices, costings, qualites, etc.) to determine acceptability, and then converted into a new PH contract.
You can also similarly simulate and create back-to-back PH contracts.
Otherwise, you can directly create a new PH contract from templates, from a previous contract, or from a personal set of models.
The PH contract can be single or multi item, buy or sell, priced or unpriced.
Moreover, the creation copes with all the various issues of clauses, quality attributes, approximations, multi periods, commissions, etc., assists with pre-defined elements, and assures that all the data are correct and coherent.
The PH contract process integrates with the other CMStrade applications (cost and general accounting, cash management, traffic) and all concerned departments are immediately informed.
Once posted, a PH contract can still be amended (commodities, quantities, periods, etc.), the amendments integrated and the contract re-issued.
For information on Operations, Output
and Transactions, please see Data.
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