There may be time when it maybe necessary to amend the price, for example if the vendor wants to change manufacturer, increase price or change the QTY.

Lets say the vendor wants to increase the price of an item, he can use the iSpec messaging service to send a message.

 

 

Open the message, read the contents and mark the message as Read

 

 

Go to the current agreement and edit the cost price of this item

 

 

Once you have have entered your price and clicked save, the heading will turn red as the vendor has to accept it before it becomes a binding amendment.

The vendor will now choose to accept or decline the offer.

 

The pricing document will show an alert and the To Do widget will also list what needs to be completed.

 

In this case the vendor needs to accept the revised price.

 

 

 

 

If the vendor accepts the offer then you will see the new revised price in the vendor response panel.

 

 

You can see negotiation history by clicking the Show history link