So I have this general agreement here. And what I did was a framework agreement for BMX bikes for Blue Zoom. At the top, I indicate who the customer is, and then, on the right, I have the method of agreement, where there are two that I will guide you through both, but this will be the method of the article. And then I have the start and end date of this agreement. Among the modules, distribution, here we have an option called sales hedging agreements. We also have an option under the name of purchase hedging agreements. So what I`m going to experience is for both sides of the main book, buying and selling. To keep things simple, I`ll just go back to the sales cover agreement and look for the set up of one that I`ve already preconfigured. The available stock will continue to be displayed to you. But then you can move things forward like MRP and use framework agreements as a source of supply and demand, so that`s a very good area of the system to check if it applies to your system. It`s pretty comprehensive. A few options out there and hopefully with these options, you can get the right result in your system.
So I`m going to lift all that, because in the next section I`d like to talk about lump-sum agreements. You can sell or buy items and thus create sales or purchase receipts associated with the framework contract. So it`s a good tool just to see how you`re following, and if you have a regular meeting or meet with your clients, you can see them following what was agreed at the beginning of the year or at the beginning of the framework agreement and adapt accordingly. SAP B1 9.3 offers many welcome features and extensions, including Microsoft Excel`s entry of serial numbers and an advanced GL layout with custom fields, to name a few. Originally introduced in sap Business One Version 8.82, framework contracts are used to manage long-term transactions with customers and allow users to keep relevant information for each party involved. Framework agreement extensions in SAP Business One 9.3 are available in different areas of the global application, including distribution and purchasing. General workarounds are the creation of a sales order. If you don`t use framework agreements, you`ll likely increase a sales order for the number of parts in the year. Maybe you have different lines for the same item with different delivery dates. It doesn`t matter. It has an impact on your stock status and that sort of thing, but not a lump sum deal.
Before we look at some of these new enhancements to the framework agreement, here you will find an update on the implementation and addition of a framework agreement in SAP Business One. You also see the unit of quantity. This gives me a quick idea of what they have already learned from this framework agreement. So out of the hundreds, I`ve already drawn a unit, we see the cumulative balance of $700, the open quantity of 99, and then we see the open sales in a few other areas there. So it`s very similar to creating another order of documents, a sales order in the system, but we set up a long-term agreement, and then the framework agreement follows all that. We will also talk about lump sum agreements. Now, lump sum deals are a very handy tool if you know what it can actually accomplish. Generally, long-term newcomers, either with your customers and suppliers, so there are other names that could be mentioned as a call outside the order or a lump sum order. There are a number of names, but actually it is a long-term agreement with a trading partner. And you can recover this agreement for a certain period of time. So, I`m going to skip a few examples. .