A blanket order is defined as an order the customer makes with its supplier that contains multiple delivery dates scheduled over a period of time, sometimes at predetermined prices. It is normally used when there is a recurring need for expendable goods. Hence, items are purchased under a single purchase order (P.O.) rather than processing a separate P.O. each time supplies are needed. See also Blanket Order, Standing Order.
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A blanket order is defined as an order the customer makes with its supplier that contains multiple delivery dates scheduled over a period of time, sometimes at predetermined prices. It is normally used when there is a recurring need for expendable goods. Hence, items are purchased under a single purchase order (P.O.) rather than processing a separate P.O. each time supplies are needed. See also Blanket Order, Standing Order.
To view a list of resources available on the SIG website on this topic, click here