Blanket Purchase Order

Blanket purchase orders approve multiple purchases from one vendor, up to a specified monetary amount and within a specified time.

Create a blanket purchase order if you know that your company will purchase several items or services from one vendor during the year, but not simultaneously, and you expect to negotiate with the vendor to reduce the contract price because you promise to purchase several items or services under the blanket order.

During then term of the blanket purchase order, use release orders to make incremental purchases against the purchase order or to make changes to the purchase order.

A blanket order does not cause a committed expense to be made.

You cannot receive against a blanket order.

To see the balance not filled for a blanket order, run the Blanket Purchase Orders report.