Meaning Blanket Purchase Order
What does Blanket Purchase Order mean? Here you find 2 meanings of the word Blanket Purchase Order. You can also add a definition of Blanket Purchase Order yourself
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Blanket Purchase OrderA long-term commitment to a supplier for material against which short-term releases will be generated to satisfy requirements. Oftentimes, blanket orders cover only one item with predetermined deliver [..]
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Blanket Purchase OrderA blanket order is defined as an order the customer makes with its supplier which 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 separa [..]
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