I am writing in to ask a query about the payments terms of vendor master.
1) When we create a contract with a vendor the payment terms of that vendor is copied into the contract. Now later if we go and change the payments terms in the vendor the same would not be updated in the contract.- Is there any way to achieve this that is whenever there is any update on the payment terms in the vendor master the payment terms in contract is automatically updated.
2) The POs which are created with reference to the contract will have the payment terms as mentioned in the contract, is there anyway so the PO overlooks the contract and picks up the payment terms from the vendor master rather than the contract.
Appreciate your input on the both the above query.