In this process, agreements with talents and producerregarding the type and number of rights or services and the participation (royalties) are made. These agreements are recorded in the rights acquisition contract .

A purchase requisition describes a demand that is released to the purchasing department. The demand can be created automatically, e.g. as result of a MRP run or by assigning components or services to a maintenance or production order. Alternatively, the purchase requisition can be entered manually or transferred from another system. The accounting data can already be assigned and checked during processing of the purchase requisition. Sourcing (incl. initiating a RFQ process) can be executed based on a purchase requisition as well as assignment of documents.

The purchase order processing is part of the (operational) procurement of materials and services. The main task is to convert demands to purchase orders (with or without reference to a contract) or delivery schedules for a scheduling agreement and to monitor the fulfillment of these documents.

You can use this business process to process all your requirements and optimize your source of supply for each individual item. You can identify saving opportunities and evaluate suppliers in their ability to provide materials and services at low cost, high quality, and according to schedule. Once you have determined the best source of supply (e.g. via RFXs or auctions) for your requirements, you can collaborate in project teams both internally and with your suppliers, and establish on-going relationships based, for example, on contracts and global outline agreements.

Supplier collaboration provides a cost-effective way for suppliers to connect to a number of processes along the supplier relationship lifecycle. Using a Web browser, suppliers can access a centralized hub for all supplier-related activities.

Before beginning collaborative activity with any supplier, companies want to register and qualify the prospective vendor. By allowing suppliers to self-register, companies are relieved of an administrative burden while still benefiting from having the suppliers' contact and product information on hand. Interested suppliers can register for offering goods or services by filling in an online application form. Suppliers are also allowed to manage their user address and contact data themselves.

Order collaboration capabilities provide suppliers with a streamlined order management system, a userfriendly interface and comprehensive search options. Outbound purchase orders are sent to the order management system, where suppliers can view, change, respond, print and download the orders.

All subsequent communications relating to a purchase order, such as acknowledgements, confirmations and invoices are exchanged electronically.

Invoice is a document that states the invoice recipient's obligations to the vendor or service provider. An invoice is normally created after the goods receipt or service performance has been confirmed. It includes general invoice information, such as total amount, total tax, freight costs, vendor and invoice recipient, and detailed information (header information, item information, approval preview). The invoice can be processed in SRM or in ERP.