A framework contract, collection contract or call order is an order that a customer places with their supplier in order to allow multiple delivery dates over a given period, often negotiated to take advantage of the benefits of predetermined prices. It is normally used when there is a recurring need for consumer goods. Frame orders are often used when a customer buys large quantities and has obtained special discounts. On the basis of the framework order, customer orders (`executive releases` or `release orders`) and billing positions can be placed as needed until the contract is executed, the end of the order period is reached or a specified maximum order value is reached. A framework order is an order that the customer makes with his supplier and that contains several delivery dates, which are scheduled over a given period of time and which are often negotiated to take advantage of the advantages of the fixed prices. It is normally used when there is a recurring need for consumer goods. Items are purchased as part of a single order or order, instead of processing a separate order whenever inventory is needed. A framework order prevents the customer from holding quantities larger than the necessary stocks and avoids the administrative burden for the processing of frequent orders, while favoring the pricing of discounts by volume commitments or price reductions. A framework contract is set to a fixed-price contract for a fixed period. The buyer is looking for the best prices among the competing offers. After the best has been selected, the prices of the goods are fixed and the quantities of each product are also given to the supplier to prepare the stock for the desired delivery.

The intended quantity is provided by the buyer as a fully used quantity, which is historically required for a few years or as for quantitative analysis. The supplier may specify a delivery condition for this contract. For example, 80% of the quantity of the forecast must be looking for the end of the contract, which can be one or two years. Search results: 92. Exactly: 92. Processing time: 124 ms. Do you want to add a word, phrase or translation? Translate the text of each app or website with a single click Please note that the vocabulary in the vocabulary list is only available in this browser….