Maintaining Vendor Affiliates

Affiliates are two vendors who have an on-going legal relationship, for example, a parent company and its subsidiary or two vendors who are substantial owners of each other’s stock. Two vendors who engage in a single joint venture are not considered affiliates.

The Affiliates tab on the Vendor General Summary component contains an accordion list of all the recorded affiliates for the vendor. Each row represents one affiliate and displays the vendor's ID, relation and an Actions button. To maintain an affiliate, click anywhere in the row to expand the row and display all the available information. You can add and change information in these fields:

• Reference Vendor ID

• Vendor Relation

• Description

• Percent Ownership

• Effective Date

• End Date

Click in a field and add, change or delete information as needed.

• Note: If you are changing information that was imported from PES/LAS, you will not be able to change some of the fields listed above.

To add a new affiliate for this vendor, click the New button. The system adds a new blank row at the bottom of the list. To create a new affiliate, you must enter information in the Reference Vendor ID, Vendor Relation, and Description fields. Enter information in other fields as needed.

To delete a newly added affiliate row, click the Delete button at the end of the row. The system deletes the row immediately.

To delete a saved vendor affiliate, select Delete from the Actions menu on the affiliate row. To reverse the delete action, click the Undo button.

When you are finished, click the Save button. The system displays a message to confirm that your changes were saved in the database.

Related topics:

Maintaining Vendor Information