Payment terms for different products from a single vendor

Hi Pundits,
Our client has a requirement to assign different payment terms for different products. Each product he buys from his vendor has it's own payment terms. He wants us to customize in such a way that when he/user enters the invoice, not only the vendor number is shown along with the product name but also the payment terms for that particular product are calculated.
I know that only one payment term can be assigned in the vendor master data. Is there anyway to get around this?
Creating the same vendor multiple times and assign payment terms looks a possible option but that looks quite hectic cause he has close to 1000 payment terms.

Taurian, thank you for that suggestion!
I can maintain as many existing payment terms as the client has with his vendors and let him choose the payment terms at the time of invoice entry.
The only problem is that he might have to change it according to the current market rates for that product. So maintaining any payment term is of little use.
Edited by: Dummy_Variable on Aug 16, 2011 8:26 AM

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