Create component warranty contract

You can create component warranty contracts to manage warranties for components from a single vendor based on a defined set of details, terms and conditions.

1. On the Warranty Contract Search page, click Create Component Warranty Contract.
2. On the Create Component Warranty Contract page in the Warranty Information area, provide the following information:
   • Warranty ID: Enter a unique warranty contract ID number. The actual warranty number should be used, but may require a prefix of the issuing vendor.
   • Subtype: Select a subtype for reporting purposes.
   • Vendor: Select a vendor. Only items purchased from a vendor against the warranty contract will be eligible to automatically get the warranty. Warranties can be manually be assigned to any part.
   • Base Part No: Enter a part that is covered by the warranty or enter a prefix for all parts to be covered by the warranty. Additional parts to be covered under the warranty can be added after the contract is created.
   • Receiving Condition: Select the appropriate condition in which the inventory should be, for the warranty contract to be applicable.
   • Priority: Select the warranty contract’s priority in relation to other possible warranty contracts initialized for the same tails or serial number.
   • Contract Expiry Date: If the warranty has an expiry date, you may enter the expiry date. Once the expiry date has passed, the warranty will no longer be applied (automatically or manually) to inventory items. A warranty can be deactivated manually at any time, even if an expiry date has been defined.
3. In the Duration area, provide the following information:
   • Whichever Comes First or Whichever Comes Last: Select either of these options to set an initialized warranty to expire once the first or last term has elapsed for either the duration, hours or cycles you will specify below.
   • For the Duration , Hours and Cycles fields, enter a value for one of the fields, at minimum.
   • Duration: Enter the duration after initialization at which initialized warranties for the warranty contract will expire and select the required calendar type - day, month or year.
   • Hours: Enter the number of hours of inventory usage at which initialized warranties for the warranty contract will expire.
   • Cycles: Enter the number of cycles of inventory usage at which initialized warranties for the warranty contract will expire.
4. In the Summary field, enter any notes about the warranty contract. These notes will appear on the warranty contract and the Inventory Details page, Details tab.
5. Click OK.